Gurgaon is well known for its approach-ability and opportunities as it is part of Delhi – NCR and closest to India’s capital. In this city, you can get everything, be it work, food, entertainment, luxury lifestyle items, or houses to live in and if your interested to buy or sell must visit 100acress one of the best Real Estate portal.
Since today, anyone can own an apartment due to the availability of affordable housing projects in Gurgaon. These projects are not only budget-friendly but also are premium. The building’s strength is superior, as all affordable homes Gurgaon use Mivan shuttering or block work, which is the best construction technique.
Here you will find information about the five best and affordable Homes projects in Gurgaon;
MRG World 106 Gurgaon is a new housing property in Gurgaon extending over 10 acres of land. The project will implement the Haryana State Government’s affordable housing policy. Because of which the prices, size, and duration of tenure will be according to the plan. It is also part of the Dwarka Expressway project. In this regard, MRG World residents will get the benefits of Expressway. The residential property allows choosing between 2BHK and 3BHK unit configurations. If one asks about its location advantages, they need to know that it is easily reachable to Sohna Road, Rajiv Chowk, Hero Honda Chowk, Subash chowk, IFFCO Chowk, IGI airport, and many others. There are several hospitals and schools located nearby.MRG World offers a lucrative investment opportunity. I am listing below some of the benefits; Builder Credibility, Home Loan availability up to 90%, PMAY Subsidy, Maintenance charges free for five years.
Pyramid Altia 2
Pyramid Altia is a new affordable housing project in Sector 70 of Gurgaon presented by Pyramid Infratech. This affordable undertaking stretches over 5.56 acres of land is located in a prime location near Vatika Chowk and SPR road.
The Pyramid Altia is also well connected to the main addresses of Gurgaon as well as Delhi NCR, close to NH8, Dwarka Expressway, IGI Airport, and other notable destinations.
It has a total of 7 towers, and the construction has been planned for up to 14 floors. This affordable project will present accommodation of 818 apartments.
The Pyramid Altia offers spacious 1 and 3 BHK apartments with many luxurious amenities such as a basketball court, swimming pool, gym, badminton court, jogging track, a public hall for special occasions, a playground for children, high-speed lifts, etc. If we talk about the ownership status of the Pyramid Altia, then it is under construction for now and will be available for possession from December 2023.
Signature Global Aspire
Signature Global Aspire is an affordable project located in Sector 95, New Gurgaon, and well connected to major roads such as Dwarka Expressway, Pataudi Road. The project spanned over 5.11 acres of land that includes 74% open area. This project is developed by Signature Global, one of the renowned developers in Gurgaon. The status of the construction is in the early stage. It has five towers built up to 24 floors comprising 738 units. The apartments are mainly available in the configuration of 2 BHK apartments. The Signature Global Aspire Affordable Housing Project brings apartments aesthetically designed to suit the modern lifestyle, maximum comfort, and minimum budget. Signature Global Aspire is a 30-minutes drive from the airport, 5 minutes from the ISBT, Dwarka Expressway, and NH8.
Signature Global City Sector 37D
Signature Global Independent Luxury Floors is a residential property located in sector-37D, Gurugram. The Project extended over 25 acres of land is located along the Delhi-Mumbai Industrial Corridor, and the best part is that almost 1800 MNCs are nearby this property.
The property is available in 2 & 3 BHK configurations amid a serene atmosphere. The project is near sector 88, which is one of the largest commercial sectors of Gurugram. It is located amidst 450 acres of the residential projects, close to the NH-8, Hero Honda Chowk, Pataudi Road, and 15 minutes away from the IGI Airport. The price for this project starts from 54.15 Lakhs. The construction status of the property is in the progressing stage, and possession will start by 2023.
Deen Dayal Jan Awas Yojana (DDJAY)
Deen Dayal Jan Awas Yojana (DDJAY), the Haryana State Government’s Affordable Housing Program was launched by Prime Minister Narendra Modi on November 1, 2016, Haryana’s Golden Jubilee Day. This policy encourages the development of dense plot colonies in low and medium potential towns in the state where small plots are available through a liberal policy framework. Only up to 30% of the city’s total planned living space will be offered for construction projects through this plan. The maximum area of the plots determined according to this scheme is 150 square meters (sq. m). The project can be developed on land from 5 to 15 acres. The area under the roads cannot exceed 10 percent of the total licensed area.
Deen Dayal Jan Awas Plot Yojana covers many benefits, some of them are as separate floor registry, stilt + 4 structure allowed, FAR: 2.64,80% home loans on plots, 100% home loan on construction, possession linked plan, minimum 09-meter road, park, market, playschool, community center inside the society, gated society complex.
The pros and cons of affordable homes:
The pro I see is the cost of apartments, which seems to be on the lower level. The resale opportunities in the affordable property market are higher due to the large number of buyers choosing to invest in this area due to the much lower price range. Strong demand for affordable properties paves the way for higher resale prices, which ultimately generate more profit.
On the other hand, there are many cons also with affordable housing such as density of flats remains too high, many issues regarding car parking, not quality construction, arise issues of security, economically weaker locality, lack of amenities such as a club and other amenities.
Affordable Housing Scheme Terms and Conditions
In case of EDC taxation or IDC imposition, or any other charges or taxes that were not applied at the time of application for allocation but are subsequently applied, EDC or IDC or another charge, shall apply to and be paid by the allottee(s). The sum will be calculated by the company.