UPCOMING AFFORDABLE HOUSING PROJECTS FOR IDEAL LIFESTYLE OPPORTUNITIES

Synopsis: Affordable housing projects backed up by government schemes make up for the best lifestyle opportunities for the economically weaker sections of society. 

Income plays a major role in any lifestyle and living an ideal one is a task for those who come from the economically weaker sections of society. Their income is below the average middle-class category and in such adversities when there is a global pandemic, it becomes difficult to even manage a basic household. So, owning a home seems like a dream that is difficult to turn into a reality for the lower-middle class or middle-class category. And, the upcoming affordable housing projects provide a solution to this problem.

Affordable homes are a way out of the unprogressive lifestyle that one might be living in, and affordable homes in Gurugram are an ideal choice. The Indian government aims to provide schemes that will make it possible to provide ‘Housing for all’ by the year 2022. The current situation, amidst the pandemic, has caused the economy to see a major downfall, but like many other sectors, the housing sector is also continuing to work and provide for the future of the country. Many affordable housing projects in Gurgaon come under several government schemes that will provide for modern lifestyle opportunities. 

Several schemes such as the Pradhan Mantri Awas Yojna (PMAY) for the affordable housing segment support and help the economically weaker section get affordable housing. What comes under this scheme- The Pradhan Mantri Awas Yojana came into being in the year 2015 and the motive was to provide housing for all by the year 2022. Under this scheme, the income for the economically weaker households has been decided in the range within 3 lakhs. The states are allowed to set the income limit according to their local factors but with a consultation from the central authorities. Basic amenities to provide the ideal lifestyle opportunities will be provided for housing up to a 30 sq meter carpet area. Finally, the Pradhan Mantri Awas Yojana aims to address the housing needs and requirements of the lower-income sections of society who choose to shift their lifestyle from rural to urban.

HUDA Affordable Housing Policy came into being in the year 2013 under Pradhan Mantri Awas Yojana. The aim here is to deliver to the needs of those belonging to low-income groups. The objective is to meet their needs and make houses more affordable along with making the process of owning a house easier.

These features open up opportunities in construction for housing, mortgage finance, vocational training, primary and secondary education, health services, financial services like insurance, banking, etc in the semi-urban and urban towns in India. Gurugram has been a dominant place for IT and manufacturing companies making it a prominent technological destination. As the city continues to expand its reach, there are also many prominent projects coming up for affordable housing to make the city accessible for lower-income households. 

The millennium city, Gurugram, is considered the second biggest technological hub in India. It serves as a template for more cities on their paths of development. In Gurugram, there seems to be a major shift emerging to further enhance the city. In the last ten year, Gurugram has witnessed steady success making its way towards New Gurugram. The upcoming development is aimed towards a New Gurugram that is vibrant and proves to be a hotspot for residential and commercial sectors. A strategic location and infrastructural developments will promote the development of the city to greater heights. The city has excellent connectivity to major industrial hubs like Manesar, Neemrana, Bawal, Dharuhera, Bhiwadi, Cyber City, Sohna Road, and Udyog Vihar. 

With upcoming affordable housing in Gurugram, the economically weaker households will have access to several opportunities. This shift in lifestyle will bring a major positive change into their lives. The New Gurugram features new office spaces that strengthen the existing opportunities. Access to quality educational institutions both schools and colleges, financial companies, and banks, commercial destinations, outlets for food and other beverages, entertainment spots, is also in close proximity. As the city advances and develops, the affordable homes being located in these areas will also have all these advantages to provide for the homebuyers. 

A major developer of affordable housing in Gurugram is MRG World. In 2021, the second wave of the virus left most individuals and families in uncertainty about their futures. But the aim is not to give in to this temporary pause but come back stronger instead. And within the second half of the financial year 2021, the real estate market is expected to get back in action.  The upcoming affordable projects in Gurugram are headed towards fulfilling the requirements of economically weaker sections of society. With growing investments come growing opportunities leading to growth in the overall development. Also, higher returns are expected as a byproduct of these new opportunities. 

The lower-income households can now come to New Gurugram with hopes and dreams, and they can watch themselves achieve all of it. Upcoming affordable housing projects in Gurugram are located in the most prominent places allowing the residents to get a hold of their lives and provide better for their families in the coming future. Supported by various government schemes, affordable housing in Gurugram is all set to provide the ideal lifestyle opportunities for those in need without leaving a dent in their pockets.