Times have changed and so have our needs, requirements, and necessities. The requirement for a home is no longer just something primary but a necessity in the world that we live in today. With the enormous outbreak of COVID-19 all around the world, we are left with a newfound perspective for almost everything that we know of. With the world turning upside down we have come to realize the importance of the larger picture. This larger picture does not only define our future but also the present and how that contributes to the life that we make for ourselves and those around us.
For those who belong to the median household income sections of the society owning a home is more like a dream. The place of shelter for any individual or a family is now defined as a dream home. This is because today a home is not just a place of residence but also a place that defines one’s future. To be able to afford a home in the economy today seems to be a task for those coming from the economically weaker sections of society. Affordable homes are thus rapidly growing in its demand because they offer not just one but ’n’ number of benefits to the homeowners. The merits of this affordable real estate market are unparalleled.
Affordable housing projects in Gurugram have seen rapid growth in their demand. This is because more and more people want to live in an urban setting and the budget appropriate quality of affordable homes makes it possible. The market for this affordable real estate segment may have expected a fall in its demands due to the pandemic but the case has been different instead. The year 2021 has become an ideal one to go for investments in the housing sector. The skeptical nature of homebuyers seems to have resolved with the onset of affordable housing.
Despite the ups and downs in the demands for affordable housing, there has been a recent upsurge for the same. Since the end of the first covid outbreak in the country, affordable housing has picked up the pace and the momentum of its demand has only been rising. Affordable housing projects in Gurugram are in great demand. As noted in a survey by Anarock, property consultant, the segments that have attracted the highest demands fall under the price range of less than Rs 45 lacs. These homebuyers comprise populations in the Delhi-NCR regions. A production of 9% was reported post-Covid-19 in 2020, and that is still growing post the second wave. When talking about the demand of the entire affordable housing real estate, nearly 38% of demand lies in the regions of Delhi-NCR and 21% was from Kolkata.
The upcoming affordable housing projects in Gurugram also come under government schemes and policies introduced to achieve ‘housing for all’ by the year 2022. The Pradhan Mantri Awas Yojna (PMAY) for the affordable housing segment acts crucially as substantial support for those in need. Families with income 3 lakhs and below are considered and provided for within the PMAY. Several other primary services and amenities to provide the ideal lifestyle opportunities are also provided to homes with around a 30 sq meter carpet area. The Pradhan Mantri Awas Yojana also delivers to the housing needs and requirements of the lower-income sections of society that have chosen to shift their lifestyle from rural to urban. HUDA Affordable Housing Policy is another initiative. This comes under the PMAY and works to deliver to the needs of those belonging to median household income and below. The goal here is to meet their household needs, making homes more affordable than in turn improves their quality of life as they can afford other essential requirements.
One of MRG World’s under-construction affordable housing projects in Gurugram includes- MRG World Ultimus. This project belongs to the top 10 affordable housing projects to buy in Gurgaon. MRG World not only offers you a dream home but works diligently on the routes to make it a reality.
MRG World Ultimus-
• The project is located in Sector-90 Gurugram.
• Spreads across 5.5 acres of land with 50% of open space that includes a total of 8 towers and 15 floors.
• The construction offers accommodation of 669 units.
• MRG World Ultimus Sector 90 Gurgaon produces harmonious chemistry between contemporary architecture and luxurious features that give comfort and class to the homeowners.
• The project comprises 2 BHK configurations with available sizes ranging from 570 Sq.ft (52.95 Sq.mt) to 616.11 Sq.ft (57.23 Sq.mt).
• The price ranges from 22.80 Lakh to 26.65 Lakh.
The merits of affordable housing projects in Gurugram are in fact unparalleled. If you are considering buying a home in the heart of Gurugram, now is the time to go for it. The demands are high, prices are affordable, and these projects come under Haryana Affordable Housing Policy. Moreover, the millennial city Gurgaon has highly developed in the past few years. Migrants have been settling in Gurugram to amp up their lifestyles as the enormous employment opportunities offered here are next to none. This migration has only helped the real estate industry in the city. Developments in MG Road, Cyber City, leading to New Gurugram is also at a rapid pace of upliftment.