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Affordable property in gurgaon

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Home›ReadJournals›DevelopersshowseriousnessforAffordableHousing

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Developers show seriousness for affordable housing

Developers show seriousness forAffordable Housing

AftertheannouncementofaffordablehousingschemesinGurgaon,

https://www.goodnightjournal.com/wp-content/uploads/2016/11/Huda-

Affordable-HousingScheme.mp4

thedevelopersofthenewgenerationaregettingseriousfordevelopingaffordableproperties which would provide them more transparency, clear titles anddelivery.

Despiteallvariousinitiativeswhicharetakenbythegovernmentforaffordablehousing,the schemesdidnotgainthatforcewhichisneededtofulfillModigovernment’saimi.e“housing for all” by 2022. On the other hand, we have seen many developments in affordable homes wheresomeotherdevelopersarealsoenteringanddevelopingaffordablehousingprojectsin Gurgaon.

DemandforaffordablehomeshasbeenincreasingdaybydayaspropertybuyersinGurgaon aredemandingforaffordablehomeswhichconsistsof1&2BHKapartments.Thebigtickets sizesarepurchasedbyinvestorstobuyalmost85percentofthehomeaspirants.

For the development of affordable homes in Gurgaon, the developers are becoming very seriousandfocusedondeliveryofprojects.Thereareseriousdeveloperswhoarefocusingon deliveringtheprojectsina cleanandtransparencymanner.Thesedevelopershaveadopted

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Affordable property in gurgaon

newtechnologyforexecutingprojectsontimeandinaprofessionalway.

Therearenumerousequityplayersthatareshowinginterestinsupportingthedevelopersand takingastepforwardtodevelopaffordablehousingschemesinGurgaonaswellasappreciate theinitiativeswhicharetakenbythegovernmenttosupportaffordablehomesforall.

Affordablehousingsegmentwilltakemorequarteruntiltheygetanyclarityaboutstructured debt,issueandequitywhichwillbeavailableforenteringthisspace.Residentialsegmentof IndianRealEstatewillboomintheyearstocomeascomparedtotheretailandcommercial sectors. Apart from that few established developers will developed many new entries in the affordable housingsegment.

Furthermore, these developers are one of those who don’t like to take risks of obtaining clearancesasitresultsindelayinexecutionandcostescalation.Instead,theychoosejoint developmentagreementwheretheriskislowanditrequireslesscapital.

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ThisjournalwaswrittenonNovember26,2016

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