Affordable Housing: The Need Of The Hour
October 25, 2018
“Decent Housing” is the birthright of every human being. But unfortunately in India it a lesser known fact. Fortunately, due to the affordable housing schemes introduced by the Indian government, this birthright of citizens is receiving its fair share of the limelight. With the introduction of Affordable Housing, the government successfully mitigated the concerns of the mid and lower segment of the consumers who were looking for their own abode.
However, in the recent past, the developers have introduced many modifications to the Affordable Housing and have made it more lucrative, catering even to the mid and premium segments of the society. Inspired by these inexpensive housing schemes, various high-end builders are also coming up with premium quality affordable projects majorly targeting middle and higher income groups.
Why Affordable Housing?
Affordable housing is a concept introduced to address the housing needs of middle/lower-income group people. It is highly recommended for the developing nations as more and more population migrate to urban cities and search for affordable houses. Taking this into account the government of India launched a scheme in June 2015, under the Pradhan Mantri Awas Yojana i.e., “Housing for All by 2022.” GOI’s goal to accomplish ‘Housing for All by 2022’ has provided glimmers of hope and given the affordable housing sector a justified share of the recognition. Today, Affordable Housing is one of the prime sectors that is driving the real estate market in India.
What are the features of an Affordable House?
In the name of affordable housing, people are generally hoodwinked into the properties that are located in the extreme outskirts of the city, with no proper connectivity, infrastructure and amenities in the area. Not only this, but potential buyers are also charged higher than what an affordable home should cost, i.e., 10L to 15L. An affordable house serves the basic living standard, which includes hygienic surroundings, clean water supply, sufficient electricity supply and medical institution, schools and corporate hubs in proximity. Without following these criteria there will be no use of the affordable housing scheme.
Where you can find Affordable houses in proximity?
There are certain projects that surpass all these criteria for affordable housing. These are located in the areas that are only 30-40 minutes drive away from the capital. Projects like Techmen, the renowned name in the real estate industry, offers affordable housing in Modi Nagar & Raj Nagar Extension Ghaziabad, which is a well-developed area with everything from amenities to connectivity to facilities.