MRG World

  The government has taken a noble initiative of “Housing for All” with Pradhan Mantri Awas Yojana (PMAY). It’s mission is to house 20 million families by the end of 2022 and for that purpose, it has put in motion several policies that boost the supply and demand of affordable homes. To make PMAY a success both the center and state governments have to work together and so far they have been coordinating to do marvels in the real-estate sector. In this blog, we’ll consider the amendments to the 2019 budget and the recent changes in the Haryana Affordable Housing Policy which will bolster affordable housing projects in Gurugram . In July 2019, the government in its annual budgetary meeting announced that it will be offering a deduction of interest up to Rs. 1.5 Lakhs on loans availed for affordable housing. However, due to the unforeseen damage incurred by the pandemic, a further boost became imperative for the affordable housing sector. As an amendment in 2021, the Finance Minister ...

The demand for affordable homes is on a rise. Individuals and families who belong to the upper-middle-class may also opt for affordable homes instead of luxury homes because of their quality lifestyle opportunities. However, luxury homes will remain in high demand for the wealthy.  When we talk about luxury homes, the term 'luxury' seems synonymous with the term 'expensive,' and this is true to a greater extent. Affordable homes on the other hand are in high demand for their pocket-friendly quality. Apart from being affordable, they also provide a quality lifestyle that was not achievable before. So what should you opt for and why? The world today has changed so rapidly since the Covid-19 pandemic. A life of comfort and security is desired by many. The most prominent thing that solves this problem is a home. And the new affordable homes in Gurugram are in great demand. With the introduction of affordable homes, many individuals can now afford to own a place that wasn’t...