India is a hugely populated country. With so many people, everybody deserves a right way of living, in a good home. But since our country is stricken with so much poverty, it is not possible for more than half of the population to buy luxurious and classy homes.
This is when affordable housing comes in. So, what are affordable housing schemes in Gurgaon?
Well, affordable housing schemes are nothing similar to home loans that are given to people by the banks. It is a strategy that started under Pradhan Mantri Awas Yojana – a plan that the government started to give out affordable housing schemes to people who can easily buy a good house for a better living.
Though different countries have several definitions for affordable schemes. But on a larger term, it is the same. Affordable housing solves the problems of people who belong to lower-income households.
Affordable housing has become a key issue in our country as it is a developing nation. This is because there are so many people, almost more than half the population, who are below the poverty level and cannot buy a house for their living.
This puts a great responsibility on the Government to handle and give out affordable housing to the right eligible people.
Here are a few things you need to understand about affordable housing schemes in Gurgaon.
Eligibility
A family that consists of a husband, wife, and children who are unmarried. If there is an adult and is earning, would be considered as a completely separate household (provided that they do not own a solid house in their name in any part of India).
Therefore, a married couple is eligible for an affordable housing scheme. They will be eligible for a single house.
Middle-Income groups – clarification
The MIG – Middle-Income Groups, are those people whose annual income ranges between Rs. 6 to 12 Lakhs. The Middle-income group is eligible to get a loan of up to Rs 9 Lakhs to 12 Lakhs at subsidiary prices.
There will be additional loans that are given at non-subsidized rates.
Size of the house
For a middle-income group, the unit or the house would measure 90-110 sq m. The price of this house would be Rs. 12 to 50 Lakhs. A middle-income household has to pay an EMI of Rs. 10,000 to 30,000.
The size of the house is calculated according to the carpet area, i.e., the area that lies between the walls of the house.
Cost of affordable housing schemes
According to the Reserve Bank of India, the cost of these affordable housing schemes is marked less than 65 Lakhs around 6 metros.
Whereas, in non-metros, the price of these affordable housing is Rs. 50 Lakhs, where one who is eligible can take up a loan of up to Rs. 40 Lakhs.
Before 2014, the limit in metros was Rs. 25 Lakhs, whereas, in non-metros, it was Rs. 15 Lakhs.
The Reserve Bank of India mentioned that the definition of affordable housing would change taking into consideration the recent inflation.
Women preference
Under the Pradhan Mantri Awas Yojna or affordable housing scheme, women who are working and single, someone belonging from the backward class of the society like SC/ST or OBC. Moreover, transgenders and differently-abled are given preference.
Construction of the house and repurchasing
The affordable housing scheme supports the construction of the house as well as the repurchasing of the basic structure of the house. Basic infrastructure involves water, toilet, sanitation, road, electricity, sewerage.
Different affordable housing options in Gurgaon
Here are some of the options and new projects in Gurgaon that you can find that come under affordable housing options.
- GIS Avenue
This is a very trendy venture that you will find in Gurgaon and at low costs. Here are some amenities of this housing:
- located at Sector 86
- all facilities like water, electricity, toilet, etc
- spread over 6 acres.
- Paras Ekam Roseview
Here is another project that you can find in Sector 5.
Some of the amenities you will find in this housing are:
- modern features like elevators, covered parking, and more.
- feeling of living independent life
- independent plots
- fresh and healthy lifestyle
- Mahira homes
You will find this great work on Sector 68. They are affordable apartments with great location advantages. Mentioned below are some features and amenities:
- allotment of flats is according to lucky draw
- good view
- comes under the housing scheme in Gurgaon, Haryana
Conclusion
Pradhan Mantri Awas Yojna for affordable housing schemes is a very great way to help the people who belong to the middle-income groups and lower-income groups and provide the properties for sale in India. This helps in making the people who do not earn well, find the right house for living.
