With the continuous rise in the population in a developing country like India, the need for affordable housing has reached its zenith. To define it, affordable housing means residential units that prove to be inexpensive to lower and middle-income households.
According to certain approximations, around 60 crore people are estimated to shift to urban India by the start of the next decade. To tackle this considerable growth of 59% since 2011, the Government of India has taken proactive steps by introducing schemes like Pradhan Mantri Awas Yojana (PMAY) and Deen Dayal Jan Awas Yojana (DDJAY) among others. Offering the most convenient solution for affordable housing, the ever-expanding city of Gurugram (aka Gurgaon) has recently risen to the occasion by making good use of the fiscal incentives and public-private partnership.
Gurugram: The new-age hub of affordable homes
Reaping the rewards of the above-mentioned initiatives, Gurugram has emerged as one of the hotspots of urban living. Owing to the rapid increase in commercial industries and IT offices, the “Millennium City” has grown by leaps and bounds in terms of offering affordable housing to the people who migrate to the city to settle in. Ranging from developing infrastructure to booming residential sectors, a lot of factors play a key role in expanding the real estate industry in Gurugram.
Since Gurgaon is a modern city with a lot of conveniences, like schools, hospitals, shopping malls, entertainment plazas, cafes, and restaurants, the existence of affordable housing scheme in the close vicinity of the Dwarka Expressway has become a necessity. A good deal of builders like Signature Global, Pyramid, ROF, etc. have come up with properties of their own to meet the specific demands but the wide array of benefits and the economical prices of Mahira Homes make it stand apart from the crowd.
Mahira Homes: A provider of 1 BHK affordable housing project
Providing a definite answer to such a definite investment, Mahira Homes helps one and all in fulfilling their aspirations. By coming up with affordable options of housing, Mahira Homes aids their customers in living the best life with a sense of permanence. After all, who doesn’t want to secure the future of their progeny or acquire alternative methods of income generation through renting out their spaces? But, what exactly do affordable housing customers want? Since the potential buyers have limited income and a lack of access to credit, a home will most likely be the biggest investment in their lifetime. Hence, a well-constructed home with proper security, sanitation, electricity, and water supply holds significant value for the customer. Moreover, excellent connectivity to places of work and close vicinity to schools and hospitals are also key.
Among a plethora of possibilities, Mahira Homes 104 offers the most cost-effective solution to owning an affordable home. Strategically located on Dwarka Expressway, Mahira 104 has properties starting from ?13.81 lakhs*, specifically affordable 1 BHK flats, with world-class benefits for a peaceful living.
- Project Amenities: Be it ample car parking or tranquil jogging tracks or an exclusive kids’ play area, the facilities are designed keeping in mind the comfort of the customers. For an occasional respite, people can engage in sporting activities like badminton and basketball. Mahira Homes 104 also has 24X7 CCTV surveillance of its 10.44 acres of premises, ensuring the safety of the entire household. With dedicated residential areas, the communities have a lot of landscaped green zones which facilitate a peaceful existence.
- Location Advantages: Mahira Homes 104 is situated right by the side of the Dwarka Expressway, making it readily accessible to locations like the Gurugram Railway Station and the Indira Gandhi International (IGI) Airport. From reputed schools to trusted hospitals, everything is seamlessly connected with the affordable home. To mention a few, the project is within five minutes of Delhi Public School, and within 10 minutes of ESIC Hospital.
- Favorable Schemes: The affordable housing scheme in Gurugram comes under many government policies like the Pradhan Mantri Awas Yojana (PMAY), Deen Dayal Jan Awas Yojana (DDJAY), Huda Affordable Housing Scheme, and RERA Act. Because of the schemes, the cash flow remains transparent without the hassle of External Development Charges (EDC) and Infrastructure Development Charges (IDC).
- Higher Return on Investment: Since the cost of affordable 1 BHK properties is quite low, the likelihood of having a higher return on investment is quite high. Over time, the price of the same property increases due to the proliferation of available amenities in the neighborhood. Furthermore, the homes can lead to a bonus income if rented out.
Apart from Mahira Homes 104, other affordable housing options are also available in the form of Mahira Homes 63A, Mahira 68, Mahira Homes Sector 95, and Mahira Homes 103, which specialize in budget-friendly 2 BHK and 3 BHK properties.
Additionally, Budget 2022 offered positive motivation to the affordable housing sector after announcing the allocation of Rs 48,000 crore under the Pradhan Mantri Awas Yojana (PMAY) urban and rural schemes. With the promise of 80 lakh houses under the “Housing For All” initiative, the future of the affordable housing projects in and around Gurgaon does look quite promising.