Affordable homes in Gurugram have been all the buzz lately, and many of you must be wondering why affordable homes are in demand or even what affordable homes are exactly? Well for those of you who have no clue as to what affordable homes are, the name speaks for itself – homes that are affordable. But of course, there’s more to it than that. To understand the current rush in demand and supply of Gurugram affordable housing we need to first understand Pradhan Mantri Awaas Yojana (PMAY).

Pradhan Mantri Awaas Yojana is a government initiative launched on 25th June 2015 with the aim to house over 20 million families across the country. The beneficiaries of this scheme are people belonging to the low-income group – families with an annual income of Rs. 3 Lakh to 18 lakh. There are other factors that make a family eligible for homes that come under the PMAY scheme, but as far as affordable flats in Gurgaon go anyone can apply. Many developers big and small have contributed to the scheme with projects which are oftentimes at par with the best residential properties across NCR.

What makes PMAY so special is the benefits associated with it. If you are one of the beneficiaries of the HUDA Affordable housing scheme affiliated with PMAY, you are eligible to the many benefits under the scheme:
For the term of 15 years, beneficiaries are eligible for a subsidy interest rate of 6.5% on housing loans.
You get to buy a house at a 1% GST rate.

If you don’t own a plot in any HUDA developed colony or sector you will be given special preference.
In the allocation of ground floors, senior citizens and the specially-abled will be given special preference.
All affordable housing projects are constructed using sustainable and eco-friendly technologies.

After the application process, the affordable homes are allotted in a fair and transparent manner through a draw of lots giving everyone an equal chance of winning an apartment. In fact, if the developer fails to conduct the draw of lots within 90 days of registration you are eligible for a 10% interest on the booking amount. If you are not able to attend the draw of lots event then you can be assured that the results will be announced in newspapers, developer website, email, and other media channels.

Developers have been pushing the standards of affordable housing by going a step further on every project they develop. For instance, MRG World incorporated a swimming pool in Ultimus and introduced Car Parking for the first time in The Skyline. Many developers make sure they have the maximum number of amenities in their projects. Every project has a substantial amount of green area with a play area for kids and an alcove for senior citizens. There are provisions for sports with facilities like badminton and basketball courts. Every projected is a gated community with 24×7 security giving residents a premium living experience. What’s amazing is the fact that families get all this for prices as low as Rs. 23 lakhs.

The interiors of these homes are no less exceptional with proper tiling and wooden flooring. The rooms are airy and care is taken to ensure sufficient sunlight reaches every room. These apartments range from 2 to 3 BHK flats perfect for a family of any size. Almost all affordable housing projects in Gurugram have power back up and have been built with eco-friendly technology with some even incorporating eco-friendly techniques like rain-water harvesting.

The thing that makes Gurugram affordable housing so appealing is the fact that they are all located at prime locations in the city. Accessible to all key locations of the city like IGI Airport, Gurugram Railway Station, and metro stations. Many developers like MRG World are also proactively providing commercial spaces next to their residential projects to the benefit of both homeowners and businesses. While homeowners have their daily needs met, businesses are ensured a steady supply of customers from nearby residential projects.

Gurugram itself is becoming the next big thing with a huge inflow of businesses new and old with a great number of people looking to settle down in the city. Gurugram has over the years turned into a city of glamour and razzmatazz attracting youth from across Delhi NCR to go to popular clubs and restaurants. Many neighbourhoods in Gurugram have the cream of the society living in luxury residences making the millennium city live up to its name. This makes Gurugram the perfect place for people looking to settle down in an upcoming city.

The government has also been tirelessly working to increase accessibility and convenience, with the speedy construction of significant highways and roads. The Dwarka Expressway and NH-8 themselves have been giving Gurugram a much-needed boost in commerce and is set to make Gurugram a major city in the country. The rapid metro, Gurugram metro station, and the proposed Delhi metro in Gurugram will further bolster the economic growth of the city.

It’s these things and more that make Gurugram affordable housing perfect for future homeowners. Be it shopping at the finest malls to dining at the finest restaurants, to a plethora of job opportunities in the commercial hubs of the city, Gurugram is the next best destination to start a new home. There are countless affordable projects in the city, so be sure to go through the amenities and facilities of each before you buy the house of your dreams, keeping in mind the right location for your purposes. Most importantly, be sure to go through the terms and conditions of the developers.