Why affordable housing market in Gurgaon is growing rapidly


As we are progressing and evolving as consumers, our needs are transitioning to a more practical and sensible approach than before. Earlier, people would spend enormous amounts on housing that would take away all of their life’s savings. But they had their reasons and the societal norms and ideas did encourage, or rather instill that in people. But now, people have more spread out and scattered desires, like expensive cars, holidays abroad, sending kids to good universities etc. To cope with this, you really need to plan and prioritize your expenses. Because gone is the era of “havelis” and “mahals”. Gurgaon being a prime location in the capital really has the eyes and the hearts of the buyers. Given that, a lot of upcoming affordable housing projects in Gurgaon seem enticing and smart to be investing in.

Benefits of investing on affordable housing:

1) You get to allocate your expenses
The fact that you save money that can later on be spent on other things like education, holidays, décor, tech etc. You will not be confined or in debt of an extravagant house that will take years of killing your desires and limiting your potentials for a good amount of time.

2) You find balance
With having a roof over your head and having money in your pockets, you get to do whatever you want with it. Now that you have one thing on the list figured out, you can take care of the rest. You can spend that money on making that house home.

3) Doesn’t come in the way of future moving plans
In case you want to move to a different city or a different locality and want to sell or rent this house, it won’t be as difficult to look for buyers or renters for a fairly cheap housing as an expensive one. Moreover, the houses falling under the affordable housing projects in Gurgaon are in relatively posh areas where people readily want to reside. It is not only good in terms of the affects the surroundings will have on you, but also good to have a family and raise kids.

4) Helps you have a sense of security
Having a house of yourself does provide a sense of security than renting. Especially in Gurgaon, this is a prime location with literally everything available at a short distance. In a place like this where you also have the convenience of a great lifestyle, it is always a good investment. Gurgaon is also the hub for most offices and corporate firms. So the housing projects in Gurgaon are not only good for personal incentives, but are also professionally beneficial.

Is it worth investing in New affordable housing projects in Gurgaon?
The new affordable housing projects in Gurgaon are something that one should really get a hold on, as long as they can. The benefits are plenty:

· Extended tenors
The tenors of some of these projects are extendable to 20 years. This provides some sense of relief and has more chances of repayment of the EMI than other plans. The programs are designed to lessen the financial burden on the consumers and help them pay at their convenience. This also allows them to allocate their expenses on other things simultaneously.

· Easy home loans
One of the biggest blessings is how easily available home loans are. You just need a good CIBIL score to avail these home loans. They are hassle free and let you make a purchase when you want to without killing your desires. Moreover, these plans are yet again easily repayable considering how affordable these housing projects are.

· Interest rate
The interest rates for such advances under affordable housing schemes are affordable. For example, under the PMAY scheme, you get to enjoy an interest subsidy from 6.5% to 3% depending on your annual income. This scheme offers a loan amount ranging anywhere between Rs. 6 Lakh and Rs. 12 Lakh to the economically weaker sections, lower-income group and middle-income group individuals.

So in all, these pocket friendly housing projects in Gurgaon do have a lot of benefits and allow you to live a more wholesome life than otherwise. Some of the projects like MRG world, Pyramid Pride and Mahira Homes that fall under the affordable housing projects in Gurgaon provide with free maintenance facilities for up to 5 years. There are also other amenities that are too good to come in the price that you would be paying for it. The fact that it is located in Gurgaon’s what you might consider a high class locality, makes the deal even better. The investment and the returns that will be yielded out of it are not short term and provide with a fairly longer benefit than you can imagine. The quality of life that can only be dreamed of by lower income families can now be actually attained through these upcoming affordable projects in Gurgaon and Huda City.