With the commencement of the new rules and regulations by Prime Minister, for affordable housing under Pradhan Mantri Awas Yojana on December 31, the real estate sector have hit lowest prices for its buyers.
Under this, the central government planned to give a 4% subsidy on the interest rate for home loans of Rs 9 lakh, and a 3% subsidy rate on home loans of up to Rs 12 lakh. Sincerly following the PM’s Address to the Nation, several leading banks have also cut their lending rates. The State Bank of India (SBI) has its marginal cost of funds based lending rate (MCLR). It is derived that if you are planning to get a loan from SBI, the new rates will be 8.65% against the 9.55% per annul.
Following this, many developers like Raheja Developers, Supertech, Signature Global, Antriksh India, Mahagun Group, Aditya Builders, SARE Homes, Ashiana Housing, Krish Developers, and Falcon Realty offering the mid value homebuyers quality housing projects at much more reasonable and competitive prices.
This has lead to the decrease in property prices in Gurgaon with HUDA already coming up with its own Haryana Affordable Housing Policy.
Signature Global has recently launched new Flats In Gurgaon like “The Roselia” in Sector 95A and “The Serena” in Sector 36, South of Gurgaon. Pradeep Aggarwal, chairman of Signature Global, believes that affordable housing has always been in huge demand but there has always been a large void the in supply. They have also launched several affordable housing projects in the last two years and have recently launched two more affordable projects on a investment of over Rs 500 corer.
With new flats in Gurgaon, builders like Supertech have launched ‘Basera’, a residential project in Sector 79, Gurgaon, at a very affordable price. The project offers 1and 2BHK apartments, starting from Rs 12.87 lakh, and the units have been thoughtfully planned with well-designed layouts and optimally-sized living spaces. With the launch of this project, they believe to have redefined affordable living in the Millennium City of Gurgaon.