Affordable Housing - The Growth Engine of Indian Realty Sector

In cities like Gurgaon where housing or realty sector plays a crucial role in terms of business as well as the demand which never gets reduced, Affordable Housing has become a trend and notably termed as "The Growth Engine of Realty Sector". 

Affordable Housing is a kind of housing where middle class and lower middle class can afford to buy a new home, preferably in a eco-friendly surrounding. The Affordable housing got a huge popularity among people in most of the cities and is likely to create a drastic change in trend of housing policies of the Government.

While speaking about Gurgaon city, One of the best and most popular affordable housing property will be OSB Golf Heights Sector 69Gurgaon. Builder Giant Company “ OSB Buildtech has built this affordable housing property with all the approvals from HUDA, RERA, CREDAI and so on. Most interesting thing is that OSB Golf heights is recognised by Haryana Affordable Housing Scheme, 2013.    

Like Past, Affordable housing is likely to show its dominance in real estate sector even in 2018 as already several developers found a genuine and the opportunities it created which has led by greater profits.
With eyeing huge profits in this market, the established developers are keen to expand their business.At present some big names in realty sector are catering to the ultra-luxury segment, looking to focus mainly on the compact, efficient and stylish boutique homes for buyers which is going to be a trend and a hot topic of the town which furtherly expected to gain momentum.

Having all regulatory and taxation policies of Real Estate Act, 2016, and Goods & Services Tax coming into picture,the realty sector is going to be stable and makes the sales a bit more standard

Speaking to the Media Executives, Honorable Managing Director Anshul Jain of Cushman & Wakefield- India said that “ Year 2017 was a reason for the stability of the realty sector especially due to affordable housing projects
The sector is likely to continue aligning itself to end users’ demands well into 2018.” He also added that  “ As RERA has a great vision in certifying these projects will going to create a positive vibe as investments will be legally protected with honest and committed to timely delivery developers.”

Rajesh Krishnan honorable CEO of Brick Eagle addressed that “The timeline flow of money flowing in the current scenario is too higher in affordable housing compared to other several conventional real estate as most units are sold prepaid before being constructed. So there is a risk adjusted returns for investors.

With Affordable Housing Project PM of India,  Narendra Modi’s plan of building homes for all by 2022 is set to boost the economy by $1.3 trillion and will create a 60 million new houses and over 2 million jobs annually which all termed under PMAY.