Important Gurgaon Housing scheme FAQ
Is it good to invest in Affordable housing Gurgaon?
Yes Affordable housing in Gurgaon is a very good option to invest in the real estates market.
the government launched its housing policy in 2013. Some Affordable housing housing projects are very good option to invest
but some are not. A major factor in affordable housing is location construction quality and time frame which is currently delaying due to covid 19 and shortage of labor works.
Price of Affordable housing is 4000 per square feet which is lower than the circle rate of Some Affordable projects. So the margin between
Affordable price and market price you can earn plus 5 year building maintenance free.
Additionally you can get a benefit of 2.35 lakhs on total project value with Pradhan Mantri Awas yojana.
WHY builders are launching projects on the outskirts of Gurgaon?
5 acres area which is minimum required area for Affordable housing project
is very rare in premium location like mg road south city an
d if it is available then area is very costly and it will increase
the cost of housing project, so builder are launching projects on outskirts of Gurgaon
like Dwarka expressway, Sohna and nh8.
What are the benefits of Affordable housing in Gurgaon?
Affordable housing in Gurgaon is very Beneficial for End User Who Wants to live in a metro city Gurgaon. it will provide Residential Complex at Almost one-fourth
price of current market value. on the other hand it will manage higher price of a property, Actually its main work is to fill the market gap of property prices in Gurgaon and Other Metro cities.
and it will indirectly affect rental housing and rental property prices.
Will Property prices fall in Gurgaon 2020?
no it will likely stable During this covid period, During this period you will see a great Fall in
real estates and property transactions. Due to less Liquidity in the Market You will see a drastic fall in resale and rental property.
In this covid period you will get some great distressed deals for resale.
in regards of all market condition now you have the golden time to book
your new property or house. Due to less liquidity builders are providing Great discounts in fresh booking of Flats and Apartments.
How can I sell my Affordable housing property?
According to affordable housing policy you can sell your affordable apartment after one year of possession.
Keep in mind Before this any thing like power of Attorney type deeds will not work.
Are Affordable housing or low cost housing projects the same ?
Usually People are often confused with affordable housing and low cost housing projects.
the main difference between Affordable and low cost is affordable is regulated by
State Government and Builder whereas Low cost is regulated by Builder.
in Affordable project customer is king whereas the low cost Builder has every right to do property alteration.
How to calculate price of Affordable housing Apartments?
While Calculating Price of a Affordable housing project you don't require any builder guy or broker.
Just do simple thing in Gurgaon Affordable Housing You Will often See Two Sections in an Apartment or property
Carpet Area and balcony Area. Carpet Area price in Urban Housing project is 4000 inr and Balcony price is INR 500 Per Sqft.
Whereas in Rural Area Carpet area price is 3500INR and Balcony is 500 Inr Per square feet.
What is the GST Rate in Affordable Housing Houses?
According to GST Council on Affordable houses 1% of GST to be Charged
on Affordable Projects
Will Affordable Housing Rental Complex Effects the Buying of residential apartments in Gurgaon,Haryana,India?
yes it will Affect the buying of houses in Delhi NCR, Mumbai and other parts of india.
With the launch of an Ecommerce property portal and mobile app for rent it starts.
In Affordable Housing Rental Complex Government will provide 1 bhk and 2 BHk Properties
with a common Kitchen so it will be like living as a Paying guest in Gurgaon.
AHRC has Both positive and negative effects on the Real estate Market. we have a detailed study on AHRC please check
Can I fill a New Booking Application Form Online in India?
According to the definition and Act of Affordable housing india you can fill application form, You can Fill Application Form Online for affordable housing projects.
But Before Filling a online Application Form you must check Credibility of that website or portal
by Filing Wrong Form You can lose your hard earned money in just a few seconds and you got robbed.
In Gurgaon Delhi NCR Builders are trusting physical Application forms,
Before some time signature global is one of few builders who is receiving online applications for booking.
What is the Affordable Housing Gurgaon Cancellation Policy??
According to terms and conditions of affordable housing policy, 25000 + GST which is 18% will be charged for cancellation of an apartment.
but in Confirmed booking or management quota all rights goes to builder and builder will deduct management quota fee and 25000 INR + GST Charges.
you will get a cancelled amount within 3 months of cancellation.
Is car parking available in Affordable housing projects?
in Affordable housing complex you have only two wheeler parking approved with basic amenities by the government.
where as if you have a car then you can park it in an open available area.
Does the Center approve construction of 10.28 lakh new houses under PMAY-Urban housing scheme?
in the meeting of 19 states and 1 Union territory CMSC central monitoring committee announce 10.28 lakhs new houses under PMAY Urban Housing scheme
Huda Secretary pointed out some major strategy upgrades to achieve housing for all missions. He said that
in Affordable housing we have to construct more 60 lakhs Houses while 80 lakhs houses should be under construction at that time.
While in the current housing scenario we have 67 lakhs houses are currently grounded for construction and 35 lakhs houses are ready to move.
For construction of these flats
1,589 proposals from participating states were approved for the construction of nearly 10.28 lakh houses.
This project has a total worth of 6.31 lakh crore