Real estate news on Huge Demand for Affordable Housing Projects in Gurgaon and Faridabad - GenX Deals

Commercial Properties, Real Estate services, Residential Properties, Delhi-Faridabad, Delhi-Gurgaon, affordable housing project, GenX Deals
Posted on Apr 24, 2015

New Delhi, Delhi, India

The popular belief of shelling exorbitant money to own a house in plush areas of Gurgaon and Faridabad is all set to change. Haryana, which has emerged as a premium property hub, is embarking on affordable housing projects to make the dream of living in the posh societies come true for a common man.

The new policy of Haryana government to push “affordable housing scheme”, buying property shall suit pockets of both middle and low income segment.

According to Akash Kohli, Marketing Director, GenX Deals a two-bedroom apartment costs anywhere between Rs 75 lakhs to Rs 1 Crore in Gurgaon, whether under construction or ready to move in however, the new policy will enable people to buy a 1 BHK of approx. 300 sq ft carpet area apartment for as low as Rs 12 lakhs including all other charges like EDC/IDC, Club Membership, Maintenance security and a 2 wheeler parking.

Most of these apartments also have a 50-100 sq ft balcony for which usually the cost is Rs. 25000-40000 extra. The carpet area of these new housing projects will range from 28 to 60 sq mt (300-650 sq ft) and the price is fixed at Rs 4,000 per sq ft. for Gurgaon and Panchkula. Apart from Gurgaon and Panchkula, price is fixed at Rs. 3600 per sq ft. for all other cities of Haryana like Faridabad, Sohna, Sonipat and Panipat etc. Allotment of houses is through transparent draw system managed by government officials of Haryana. One person can get only one affordable house in Haryana.

The aim is to make real estate inclusive for every person in the city. Many reputed builders like Supertech, Tulip, Vardhman, Baderwals, Praymid and others are investing in these projects and are aiming to complete the construction within almost 4 years. According to the policy all buyers in affordable housing shall get 5 year free maintenance post possession from developers side. The entire corridor of Sonipat and Faridabad shall be dotted with affordable housing projects by 2018-19.

GenX Deals is a renowned web portal that facilitates online property transaction and consultation for ease of the customers.

Mr Jetesh Prasher, Founder and CEO, GenX Deals says a lot of effort has gone in developing a new feature of the portal 'affordable housing' which caters to clients who want to gain information about various policies of affordable housing. Customers can use this feature to compare locations, layouts, floor plans etc of various developers who have launched affordable housing schemes. Customers can leave their queries at our portal and the concerned person from developers end shall get back to the customer. We also have a live real estate forum by the name of GenX Real Estate Forum where customers can discuss anything relevant to real estate. Latest buzz on our forum is “Affordable Housing”.

About GenX Deals : GenX is one of the Indias fastest-growing online real estate platform. We empower people to realize their property dreams by making their search a delightful experience through our design, technology and innovation.

GenX provides the widest range of property options in residential and commercial property categories. Considered to be amongst the most reliable and popular India real estate websites, GenX Deals makes your property search faster and sharper.

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