How Does the Affordable Housing Segment in Gurgaon Look for the Middle Class?
The real estate sector in Gurgaon is often noted for the swanky high-rises and other posh residential complexes in this city. Indeed, the premium and luxury segments have witnessed considerable growth with many such projects being launched. However, affordable housing in Gurgaon has also started to grow in recent times due to the shift in the focus of the developers and various government initiatives. Initially, the government took up many initiatives to allow the affordable housing segment to grow. However, these initiatives were mostly aimed at helping low-income groups (LIG) enjoy modern homes’ security and comfort. While this did provide a significant boost to affordable housing, a large section of the society is still left out. The term affordable can have different meanings depending on the purchasing power of potential buyers. Even apart from the LIG, many potential homebuyers cannot afford a property priced more than INR 40 lakhs. For some, the budget is lim...