Living in “Gurgaon Becomes Affordable For All”
GURGAON BECOMES AFFORDABLE FOR ALL, Gurgaon is one of the most successful markets in the Indian real estate sector. It is the proper utilization of available resources that have made this city grow ex-potentially and reach a level that is a dream for many. Interestingly, Gurgaon has robust affordable realty market as well.
The presence of an international airport in its vicinity has proved to be an icing on the cake for Gurgaon real estate market. this is one of the major reasons that has inspired world-class multinationals to operate from Gurgaon. Today, Gurgaon has every facility a world class city would require, from expressways to rapid metro, from multinational organizations to international schools, from finely crafted skyscrapers to the lush green Aravallis full of natural beauty, gurgaon has it all. (GURGAON BECOMES AFFORDABLE FOR ALL)
GURGAON BECOMES AFFORDABLE FOR ALL
AFFORDABLE HOUSING doesn’t mean that Gurgaon is lagging behind in the affordable realty market. Haryana Government’s Affordable Housing Policy 2013 has helped developers plan affordable projects on a price range of Rs 13 lakh to Rs 24 lakh for 1 BHK and @ BHK units. Leading financial institutions in the country are investing capital in affordable housing scheme, which is in unison with PM Narendra Modi’s vision of housing for all by 2022.
The policy lays down a set of guidelines to promote affordable housing. Affordable projects sell like hot cake and even though margins are not too high, there is no problem of unsold inventories. Developers, who own land parcels, show their intent under this policy. This housing policy has made the city complete, it now has something to offer to every section of the society, be it the affluent class or the aspiring young professionals who are aiming to make it big in life.
GURGAON BECOMES AFFORDABLE FOR ALL : Pradeep Aggarwal, Chairman, Signature Global Group says, “The recent approval to real estate Regulatory Bill in the Parliament has further widened the scope of affordable realty in the city of Gurgaon. The bill provisions the formation of Real Estate Regulatory Authority or RERA which will supervise overall activities by developers or brokers and dealers”.