How to choose right affordable housing scheme?

A house is a dream and need of every person for securing his/her family but if it is in city like Gurgaon then it has some additional benefits like investment and rental income too. Gurgaon is one of the costliest city in India so buying a home can be very luxury dream but after the announcement of Huda Affordable housing policy this dream has taken shapes for more than Lacs families.

Under this scheme one can buy an apartment starting from 12 Lacs to 26 Lacs. Price remains same no matter in which location you are booking the apartment.

 

For Example  – Mr. Rajesh Kumar applied for 2 bhk in sector 109 in 2014 when this scheme was launched. But after making 50% payment he felt that he choose a wrong location, as there are many more good options in better locations available on the same price. So he decided to take refund from that scheme with the penalty of Rs 25,000 and booked a new one in sohna in 2016 near GD Goenka Again someone told him that he can get an apartment in far better location in Gurgaon which is under construction and the possession will be soon in 2017-19 where difference of price is very less.

This is not just the case of Mr. Rajesh it’s the case of more than 50% applicant who are not satisfied with what they got as they feel that they have chosen a wrong project because of number of different reasons like the layouts, location, builder’s construction or any other reason.

So how do we choose a right scheme?

There are some steps to follow, which can help you to take your decision smoothly and easily.

First and for most thing before applying in any scheme you should ask one question to yourself that what you want from this particular project. What is your requirement? The need or requirement like

  1. Location: – We all have some assumptions about the location for their future home. Someone is in long term job where they have very less chances of shifting office especially in government job, parental or current residence nearby or investment point as he or she see good growth in that area. Like many of those who put up in Gurgaon always prefer Sohna Road south of Gurgaon for applying an apartment and not in Dwarka Expressway.

 

  1. Current and future projects: – Once you decide the location, try to find out as many projects or scheme in that particular location or surroundings. You can take the help of government websites like http://www.tcpharyana.gov.in or any right real estate consultant who has thorough knowledge about affordable housing to get to know what the current and upcoming projects are. Like most of the applicant who have applied in sohna, just because they wanted apartment near sohna road Gurgaon or golf course Extn. Road. They feel that all the allotment has already been done in that area and no other project is coming in Future. But if you search out thoroughly then you will get to know that there is an ongoing project in sector 6 also by Arete India Projects Pvt. Ltd.  on Sohna Road
  2. Site Plan : – After short listing project always go through the site plan thoroughly to get an idea about open space for car parking as these schemes does not provide reserved car parking, play area for children, entry exit points etc. are also the features which need your attention. Some builders are providing pools, Football ground and other facilities also to lure the clients. Projects like pyramid urban homes, OSB expressway towers in Gurgaon and HCBS sports ville and signature global in sohna are some of the projects which gave max facilities in their respective areas.
  1. Floor plans : – Selecting a right floor plan is as important as selecting the location. Most of the builder do not care about small things like Size of the balcony, bathroom and kitchen orientation etc. Wide balcony and good orientation of kitchen & bathrooms gives more and better living space to family. Room’s size and bathroom sizes should also be checked before making any decision.
  2.  Current and future development of area : – there are many area in Gurgaon where you can get good infra and social structure like golf course Extn. Road or SPR road where you can get good roads, markets, office area, schools, metro or better road connectivity. These things are the basic necessity for quality living. Decision on this point also depends on your purpose of buying, as many of the applicant sees good investment opportunity in these scheme. They can go for those projects whose future looks good in commercial sense rather than current status. Location sohna South of Gurgaon.

 

So these are some points, which can help you to take right decision to book your dream homes under Huda affordable housing scheme. Apart from this do discuss these things with your family and show the location to them, as they are also the part of decision-making process. Also try to find a good real estate consultant who has good knowledge about affordable housing which can help you out.

I hope you will like this article and it will help you in your selection up to an extent.

Write your comments or feedback. In case you have any query or want to add on something to help others do let us know.

We also appreciate if you share this article with your relative or friends.

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Why to invest in Sohna Road (South of Gurgaon)

Sohna Road has emerged as a prime residential location in the Gurgaon market. What makes this location an ideal destination for residential investment is its excellent connectivity with the emerging commercial hub, Golf Course Extension Road and National Highway 8. In the future, the area will be further connected to New Gurgaon through the Southern and Northern Peripheral Roads, which are also emerging residential and commercial destinations in Gurgaon.

This micro-market has an excellent mix of retail, commercial and residential properties. Developers, like Raheja, Unitech, Central Park, Omaxe, Arete India Projects,  Breez Builders & Developers, CHD, Ansal, Parsvnath, Eldeco, Vipul,  etc., have developed a number of residential, commercial and retail properties in this region.

The area offers residential development in the form of group housing apartments, theme-based villas, duplexes and plotted developments. The road has plenty of operational malls, such as Omaxe, Ninex Mall, Galleria, and almost all of the civic amenities are in place, such as hospitals, hotels and schools. Most of the residential projects along the road have been delivered.

Until recently, the traffic congestion on Sohna Road was the major concern when considering investment in this area. However, with the road widening in place and construction of a 600 metre flyover at Subhash chowk by Haryana Urban Development Authority, it is expected that smooth, vehicular movement will be provided between Huda City Centre and Hero Honda Chowk on the Delhi-Gurgaon Expressway. Another flyover is likely to come up between the Southern Peripheral Road and Sohna Road intersection near Badshahpur, which will further provide a congestion-free ride on this road.

Two clover-leaf junctions are being developed on the KMP Expressway that will substantially enhance accessibility of this region. The Dedicated Freight Corridor linking Delhi to Mumbai is also passing by the south- eastern side of the town. Another, proposed 90 metre wide link road from Gurgaon’s Sector 63, to Sohna, is expected to ensure smooth travel time of about 10 – 15 minutes from Golf Course and Golf Course Extension Roads. Moreover, Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) has already acquired approximately 1,500 acres of land for development of an Industrial Model Township between Sohna and the KMP Expressway.

The Haryana government has envisaged development of theme hubs, namely Leisure Hub, Sports Hub and Leather Hub along the KMP Expressway in the vicinity of Sohna.

Investors looking for affordable options and long-term investment horizons may go for investment in this area. The value of the investments is likely to appreciate once various infrastructure projects and industrial estates are up and running.  https://goo.gl/NjPlZe

KMP Expressway SOHNA GURGAON

Make Your Dream Residence with Affordable Housing Scheme Gurgaon

Most of affordable housing projects in Gurgaon come under the Haryana Government affordable housing schemes. These projects offer quality home with good features at cheap prices. If you are unable to buy luxurious home for 30 to 80 lacks rupees in Delhi or Gurgaon, you can move to the affordable housing projects where you will be able to have your own home under your budget.

The projects offer 1BHK and 2 BHK homes at competitive prices. If you choose such kinds of projects for making your home, you will be able to bring a nice gift to your family even when you don’t have a large amount of money. This will be great to make possible buying a home under flexible payment plan. It is great to make it your own home instead of giving a big amount of your monthly salary as the rent of your rental home. Remember the amount of your monthly installment will be a simply bigger than the money you pay a monthly rent.

After buying your own home with affordable housing scheme Gurgaon, you will be able to save money which you give to your landlord. No matter which type your requirement is, affordable housing projects offer you the most suitable home. Considering the different requirement of Home buyers, the affordable housing projects are designed and developed with different kinds of homes so that every home buyer can buy their home as per their family needs or future plans. That is why; you can also come forward with your estimation and home requirement.

http://www.affordablehousingprojectsgurgaon.com/

 

Better Understanding – Affordable Housing Scheme

You must be hearing these about HUDA affordable housing , buzzing all aroung. People are still confused for such kind of projects. People are confused about HUDA affordable scheme with L-zone scheme of Delhi or Pradhan Mantri yojna scheme . For those who think affordable is a scam I would like to state that this is 100% comes under HUDA Affordable Policy (for more details visit HUDA official website ) ,and now it is a reality that anyone can have dream to have their apartment in much happening millionaire city Gurgaon in NCR region ,in mere 12-25 lakhs.
One must do his own research before investing in affordable scheme , to avoid any risky project. There are few factors which must be consider while looking to invest in any of HUDA affordable prjects.
Ø Location: In affordable housing since the per sqft rate is fixed for 4000 Rs so one should also chose location where per square feet price of other project is quite higher. It will give easy return on the investment as the price of surrounding is already high. So it’s always better to buy property near to the city like Pyramid sector 70, Pivotal sector 62 etc rather than going to remote area of Gurgaon.
Affordable Housing Projects Sohna Gurgaon
Ø Size : Now people generally thinks the affordable apartment as too small but the fact is that it is sold on Carpet area which makes it more pocket friendly. So if you are in confusion then ask the representative about room size or the super area whatever you are comfortable in co-relating with. In Affordable scheme builder can utilize at max 750 sqft carpet area so the buyer should always look for the bigger size. It will hardly make difference of around 3-4 lakh and you will get a decent apartment.
Ø Documentation of Builder : This is most important point as generally people get stuck in wrong project because of lack of information. It is true that documentation wise affordable apartments are far better as they have to have all the licenses and papers in place before launching the application form in the market. So if a project is launched then the builder have 95% of documentation done. Now before starting construction builder should possess Environmental Clearance certificate (EC) and also the time slot for completing the project is always calculated from EC so one should always ask about the status of it.
Ø Builder Profile : Though builder profile is not that important in Affordable housing as HUDA has already set down the guide lines and they have to follow it but still it’s always better to check the builder profile and their client handling skills as finally you have to deal with them for all your documentation and payment purpose. So choose a fair and transparent builder with already going on affordable projects.
Ø Site Plan : Having an apartment in Gurgaon in such a low price range is itself a boon but there is no harm for expecting more. So always compare site plans of different project. You might get extra facilities of like huge play-ground, open spaces and even club in some of them.
Ø Management Quota : In Affordable scheme 95% of the flats are allotted through draw system and rest 5% is reserved for management quota. So if you want to opt for quota system then make sure you are dealing with genuine agent.
Ø Avoid self-funding : Best part of affordable scheme is that you can get upto 90% of home loan. In some cases the booking amount is also financed which majorly depend on the location of the site. One should always try to avail Loan facilities as the interest rate is quite low now a days and it will give long term benefits on credit rating of the borrower and also increase the ROI on the property.
Ø Avoid Joint Application : If there is two family members who want to fill the application always try to fill two different forms never go for joint application as it will increase your possibilities of allotment. Remember more is better.
So next time if you are thinking to fill Affordable application keep this pointers in your mind and you are good to go. Also if you were looking affordable apartment in specific location and you missed the chance of applying then contact – http://www.affordablehousingprojectsgurgaon.com/

Where to Buy an Affordable Home with World Class Amenities and Life Style

Though you can have a lot of options where you can think of investing your hard-earned money, yet it is not as easy as you think to find suitable residential place. Since you are going to invest a large amount of you money which you and your family members have saved by putting hard effort, which is why you need to be very particular about selecting the right choice of property. You should consider all the aspects necessary before you invest money in your project. If you are looking for your dream home with affordable price in Sohna Road Gurgaon, you can buy it with Global Hill View in sector 11, Sohna  South of Gurgaon.

Global Hill View South of Gurgaon

I recommend you to consider some essential points to consider. The first thing is your present requirement of the residential place from where you can rightly access your working place. The transportation facilities and distance to your working pace is the considerable thing. The second thing which you should consider is related to your children future. You should consider whether your children will get good education as well as job options nearby.

In my opinion, Breeze Builder & Developer Pvt Global Hill View sector 11, Sohna would be the right project to invest money in buying your Dream home. Because of the following features, the project becomes the preferred one for home buyers and big investors.

 

  • Proposed metro corridor of Huda City Centre – Sohna route.
  • Natural Pond area.
  • Close proximity to educational institutions such as like G D Goenka, K R Manglam University etc. in close proximity.
  • Swift access to places like Kalindi Kunj and DND flyway.
  • Best commutation to schools, colleges, malls, markets, hotels and restaurants.
  • Kids Play Area.
  • 20 minutes drive from Rajiv Chowk
  • Near to the KMP express Highway
  • Next to Raheja Township

  • Location Advantages

    • Just 10 minutes away from Golf Course Extension Road & 15 min Drive from Rajiv Chowk gurgaon
    • Well connected to NH-8 via Rajiv Chowk, Gurgaon & NH-2 via Palwal-Sohna Road on NH-13
    • Easy connectivity with KMP Expressway
    • In close proximity to IMT Sohna
    • 5% Booking amount only 4 Years Payment Plan
    • Located on main Sohna Road Gurgaon.
    • KR Mangalam university and GD Goenka World School in close proximity
    • For Details Visit : https://goo.gl/oNJclR

FAQs on Affordable Housing Projects Eligibility

FAQs on Affordable Housing Projects Eligibility

Please note that all Questions listed here are only meant for Affordable Housing Projects which fall under Haryana Affordable Housing Policy 2013 by DTCP.

Q. Who is Eligible?

  • All Income Groups
  • First Preference to one who has not been allotted any flat / plot in any HUDA developed colony / sector or any licensed colony in any of the Urban Areas in Haryana, UT of Chandigarh and NCT Delhi.
  • An applicant can make only one application

Q. Are NRIs (Non Resident Indian) & PIO (People of Indian Origin) eligible to apply for Haryana Affordable Housing projects?

Yes, NRIs & PIO are eligible to apply in such projects.

Q. Will any successful applicant in any affordable housing project be eligible for future projects by HUDA or DTCP, Govt of Haryana?

The eligibility for any future project will depend on the prevailing policies of the government at that time.

Q. If an applicant surrenders his unit, will he be eligible to apply for other affordable projects?

No, the applicant will not be allowed as he had been already allotted the property by the government but he chose to surrender it. The preference will be given to other applicants.

Q. If an applicant has lost his acknowledgement, will he be issued a duplicate copy?

No, he won’t be issued a duplicate copy, though he can request the developer to share his application number.

Q. Can an applicant submit 2 applications in the same project under same name?

No, an applicant can only submit one application in one project. Though he is entitled to apply in as many projects he wishes to.

Q. Is it possible to withdraw application before the draw?

No, the applicant can not be withdraw his application before the draw.

Q. If an applicant has lost his acknowledgement, will he be issued a duplicate copy?

No, he won’t be issued a duplicate copy, though he can request the developer to share his application number.

Q. Can an applicant submit 2 applications in the same project under same name?

No, an applicant can only submit one application in one project. Though he is entitled to apply in as many projects he wishes to.

Q. Is it possible to withdraw application before the draw?

No, the applicant can not be withdraw his application before the draw.

FAQs on Draw of Apartments

Q. What is date of draw of XXX project?

The date of draw is not pre-decided. Usually, it takes place after 3 months from the last date of application to the project.

Q. Does the applicant need to carry his acknowledgement at the venue of Draw?

Yes, the applicant needs to carry his copy of acknowledgement to the venue as it is the official receipt of application.

Q. What is the level of transparency of Draw?

The Draw is completely transparent as it is conducted openly in presence of all applicants and certain high ranking state govt officials. The applicant can also take part in the entire process of draw. The entire event is video-graphed for transparency.

Q. Will the draw be conducted collectively for all categories or separate for each category of apartment?

The draw will be separate for each category. The categories can’t be merged at the time of draw.

Q. If the draw does not take place in stipulated 90 days from last date of application, are the applicants eligible for any interest?

Yes, the applicant is eligible for 10% interest on his booking amount for the duration exceeding 90 days.

Q. How will the applicant come to know the result of the draw if he is unable to attend the event?

The result of the draw will be published in the same newspapers in which the project was advertised for applications. The successful allottees will be informed personally by the developer via email and postal letters.

Q. In case of success in two draws, will the applicant be given a choice to retain both the flats?

No, The applicant has to choose any one apartment and surrender the other.

Q. How many applicants will be in the waiting list?

The developer will maintain a waiting list of 25% of the applicants for 4 years. If a wait-listed applicant wishes to withdraw from the list, he can withdraw and his booking amount will be refunded.

Q. Is there any finance facility available for Affordable Housing projects?

Yes, Finance facility is being provided by all Nationalized banks as well as NBFCs. In certain projects, even the booking amount is being financed.

Q. How will a non-working woman make payment or apply for loan if she is successful in draw?

The payment can be transferred from husband’s account and the husband can apply for Home Loan and can be made co-applicant for the property.

Q. What are the different modes of payment which are to be made against the property to the developer?

The payment can be made by Cheque/Demand Draft/Banker’s Cheque/NEFT/RTGS. Cash payment is not accepted by the developer.

Q. What is the time frame given to deposit the next installment of 20% for a successful allottee?

A period of 15 days from the date of allotment is given to the allotte to make the next payment.

Q. If the developer does not refund the booking amount after the draw is over, who should the customer approach?

The DTCP is the nodal authority and the customer can approach DTCP for all concerns regarding affordable housing projects.

Q. How will the developer refund the booking amount of the applicants who are unsuccessful in draw?

The unsuccessful applicants get the booking amount through cheque which is either delivered to their correspondence address via registered post or can be collected from the developer office after furnishing all valid documents.

Q. If a successful allottee fails to make payments in stipulated time, will he be given a grace period?

Depending on the developer, a grace period can be given. If the applicant still fails to make the payment, his allotment stands cancelled.

Q. What is the assurance that the developer will deliver the project in stipulated 4 years of time frame?

5% of the security deposit out of 15% will be released by the govt only after developer gets occupation certificate, remaining 10% will be released only after 5 years from possession as the developer has to maintain the project for 5 years. Any delay by the developer will eventually result in his financial loss as the margins are wafer thin on such projects.

Q. If the developer does not deliver the project in 4 years, what action will the Government take on behalf of Customers?

The developer stands to lose his security deposit of 15% of the project and cancellation of his license. Also, he gets blacklisted for future.

Q. Who will take care of maintenance after 5 years?

An RWA will be formed after 5 years and it will take care of entire maintenance of the project.

Q. Will Power Back up be provided?

No, there is no provision of Power Back up in affordable housing projects.

Q. Is there any provision of car parking in Affordable Housing projects?

Though it is mandatory for the developer to provide ONE free two-wheeler parking with each unit, the peripheral or open area in the project can be used for car parking. The said area cant be sold or leased to any occupant. It is free and open to all.

Q. What will be the quality of construction in such affordable housing projects?

The entire construction of the project will be monitored by DTCP and the developer is mandated to use predefined materials which are approved by the government. Therefore, the quality of construction will be superior.

Q. When can a successful allottee sell his apartment?

A person who has been allotted a flat under affordable housing policy can sell his flat only after 5 years from the date of his allotment, else there is a penalty of 200% of flat cost on the seller and his allotment will be cancelled.

Q. Can an applicant withdraw after 2 or 3 years of allotment?

Yes, the applicant can withdraw from the project. Only Rs 25000/- will be deducted from the amount he has paid to the developer and the rest will be refunded and the said apartment will be offered to the wait listed applicants.

Q. When will the construction of the project commence?

The construction will start after getting all statutory clearances from various departments.

Q. Is HUDA (Haryana Urban Development Authority) authorized body for Affordable Housing projects?

No, All affordable housing projects fall under the privy of Department of Town & Country Planning (DTCP), Govt of Haryana. HUDA is a govt agency which falls under DTCP.

Q. How are Affordable housing apartments different from EWS flats which are also allotted by the govt?

  • EWS flats are below 300 Sq.Ft. area and are meant for Lower income group people, whereas Affordable apartments have carpet area between 350 – 750 Sq.Ft.
  • EWS apartments are located on fringe areas of the city whereas affordable housing projects are coming up across good locations.
  • EWS apartments are basic apartments with no facilities whereas Affordable housing projects have common facilities like 50% Green Area, Community Hall, Creche, Swimming Pool, Sports facilities.
  • EWS apartments are Low Rise whereas Affordable housing projects are High Rise apartments with elevators.

For upcoming Affordable project you may visit http://www.affordablehousingprojectsgurgaon.com

OSB Expressway Towers Sector 109-Best Option of Affordable Housing

Collecting a certain amount of money and invest it in the property is a big task for those who have their limited income and a lot of responsibilities of family. Gurgaon is a city where the development has reached the elevated level, so the property rates are high and so buying home is more problematic task with the luxurious projects. In such case, there is big question “How to buy a luxury home at affordable prices in Gurgaon?” That is the big problem for most of the common people who look to buy the home under their budget.

For such people, there is good opportunity to buy affordable home with OSB Expressway Towers Sector 109 in Gurgaon.  The project comes under the affordable housing scheme by Haryana Government so the project offers the most affordable home for those who are looking for such scheme projects. The project is located on the Dwarka Expressway and has great connectivity to Delhi and other cities nearby. Home buyers can avail modern amenities within and around this great iconic project of Gurgaon. The project has been designed and developed by award winning professionals.

The strong construction with the architectural techniques makes the affordable Housing Dwarka Expressway project a worth living place and gives satisfaction for home buyers. Spacious rooms, beautifully-painted walls and railing of stainless steel enhance the project’s quality. The best part of the project is that it has 80% of land open around it. The open area gives the OSB Expressway Towers a natural look. If you are nature lover at heart, you will love the beauty of the project where you see the beautiful landscape with lush green views. If you have been waiting for such a project that can give you what you imagine of your dream home, then register your home with this project.

Why Should You Buy Affordable Homes in Gurgaon?

Have you been bearing the teasing pain of paying rent every month? If yes, you would like the idea to buy a home in Gurgaon where you can live comfortably. And you can commute from here to your job place very easily and you can have freedom from paying a large amount of your salary every month. I understand, the thought of paying monthly rent is not always a joyful experience. Everyone is teased by the idea when it comes to pay a huge amount as a rent.

But, What to do? If you don’t have a huge amount of money to buy a luxurious flat for 50lacs, this question remains unanswered for you. But now there is good news for those people like you who have good salary but don’t have a sufficient amount of money to invest right now. Actually there are some affordable projects like Global Heights developed in the great location in Gurgaon.

One thing which can bring smile to your face is that these flats with Global heights Gurgaon are available at very low prices starting from only 12lacs. And the second thing is that these flats are allotted by the draw. The lucky winner has to pay a part of the total cost of the property at the time of allotment, and rest is paid in easy installments. If you have good salary and you are able to save a certain amount out of your total salary, you can easily pay your installments.

http://www.affordablehousingprojectsgurgaon.com/