With the new Budget of 2017-18 the real estate has taken a new shape and many new builders are planning to convert their existing housing projects in affordable housing. These housings are mostly located in the Delhi-NCR region. The flats in Greater Noida, Yamuna Expressway, Tronica City, Raj Nagar Extension are what stands low at Noida. Also, the Gurgaon residential property rates are also planned to go down to affordable prices of flats in Faridabad, Bahadurgarh, Daruhera and Bhiwadi. The developers are now changing their rates to keep prices in the range of Rs 15 lakh to Rs 35 lakh, depending on the area acquired and size of the apartment unit.
Supertech Group’s Arora said that the group is now leaving behind its already done projects and launching mew Gurgaon property for sale on the existing lands with rates superficially lower that what it was kept original.
Arora said numerous measures in action like according infrastructure status and increasing tax benefit under Section 80IB to affordable housing for the society would enable developers to sell their apartment units at very competitive prices to stay in the market.
These affordable units are also available as 3bhk flats in Gurgaon and other NCR regions. Builders are not only focusing on small units but are providing luxurious flats at affordable prices to top the list in the market.