With obtainability of ease finance and low EMIs, a
large number of home buyers will be opened to buy affordable budgeting homes.
The current union budget has changed the definition of affordable housing
options and attaching this category of luxury homes to their price in the range
of 50-60 lakh depending upon the finest locality and developing urban.
The new rules and regulations allow the leading
developers to commit 30% of their luxury projects to affordable lodging and released
them from the lowest capitalization and least area criteria. This will provide
a big and largest boost to reasonable housing as it opens up funds to leading
builders, who characteristically find reasonable lodging projects impracticable.
Haryana Urban Development,
Noida, Greater Noida industrial developments and Yamuna Expressway Industrial
Development authorities have major roles in the developer’s plans in delivering
projects in affordable range. Builders need to take the permission for
developing the societies. In this
respect, Noida authority, YEA and GNIDA have constructed 15,000 -20,000
affordable houses, which would be prepared over coming next three-four years.
GDA is performing
outstandingly in delivering affordable housing options and is planning to
change the building by laws to facilitate the construction of such type of
residential units. The higher rising building by laws will be very similar to
those of Delhi/NCR. GDA has many housing plans to build 4,300 affordable homes
and the alternative is to bring the private players and give them incentives. An
additional 5% will be allowed for such residential projects that provide top
quality services to the inhabitants like a modern club house, health care
center, shopping & commercial shops and entertainment facilities affordably
offered here.
For more information about affordable homes, Homes In Delhi/NCR
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