The Delhi NCR real estate market has always been best performing market in the country and fulfilling the requirements of diverse segments of homebuyers. Among this, affordable housing continues to be one of the most preferred due to its low-ticket size, driven by wide segments of first-time buyers, working professionals and mid-income families. In recent past Gurgaon has emerged as major hub for affordable housing projects, majorly due to rapid infrastructural growth, Government policy support and increasing demand for quality and budget friendly property.
Why Demand for Affordable Housing is Increasing
1. Government Initiatives: Schemes like Pradhan Mantri Awas Yojana (PMAY) and Credit Linked Subsidy Scheme (CLSS) have encouraged more homebuyers to consider affordable projects.
2. Urban Migration: Gurgaon city attracts lakhs of professionals every year due to presence of large number of IT companies, corporate offices and start up eco system, resulting in steady demand for affordable housing.
3. Price Appreciation: Affordable housing provides good and attractive opportunity for entry level home buyers for long term returns due to constant demand.
Affordable Housing Sector Among Delhi NCR
Unlike national capital Delhi, where space is a constraint, Gurgaon offers large land parcels in various sectors of New Gurgaon, Sohna Road and Dwarka Expressway. These areas have become a major attraction for affordable housing projects due to various factors like:
Easy connectivity with NH-48, Dwarka Expressway and KMP Expressway
Proximity to major employment hubs and industrial areas.
Improved infrastructure with various smart city initiatives and metro project expansion plans.
Important Affordable Housing Features in Gurgaon
1. Rise of integrated Townships: Developers are concentrating on self-sufficient communities with schools, retails spaces and healthcare centers within close proximity to affordable projects.
2. Compact Unit Size: The average size of 2BHK and 3BHK is between 500 square feet to 650 square feet in affordable housing projects, balancing affordability and functionality.
3. Builder’s Interest: Leading builders are entering the affordable housing segment, ensuring better construction quality and timely delivery.
4. Technology Driven Sales: The real estate sectors is also adopting various technology driven initiatives like virtual site visits, online booking and digital documentation for simplifying the buying process in affordable housing sector.
5. Peripheral Locations: There is noticeable shift towards peripheral locations like Sohna road, New Gurgaon and Pataudi Road for developing affordable housing projects.
Popular Locations for Affordable Housing Projects in Gurgaon
Sector 81-95(New Gurgaon): Well-planned sectors with proposed upcoming Metro train and Rapid rail link.
Dwarka Expressway Region: Strong appreciation potential with proposed infrastructure push.
Sohna (South of Gurgaon): Affordable flats and plots with improved connectivity with Delhi-Mumbai Expressway.
The Future of Affordable Housing Sector in Gurgaon
With growing employment opportunities in Gurgaon, improved infrastructure and consistent government push, affordable housing is expected to be the strong pillar of the city’s real estate sector. This sector provides attractive opportunity for buyers to not only secure a asset but also earn a good return on investment in upcoming future.
If you are looking to invest in affordable housing projects in Gurgaon, please feel free to connect ELITE GURGAON ESTATES for best deals and offers along with seamless experience.
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