Gurgaon, also known as Gurugram, is a thriving city in the northern state of Haryana. It has seen unprecedented growth due to the emergence of multiple IT hubs and the establishment of several multinational companies. However, with the rapid urbanization and population growth, the city is facing a significant housing gap, making it difficult for the common man to find his dream home.
In this article we will talk about Upcoming Affordable Housing Projects in Gurgaon 2023.
Before we go into details, let’s talk more about Affordable Housing in Gurgaon and scope of growth.
Understanding the Need for Affordable Housing in Gurgaon
Gurgaon, a city in the state of Haryana, has been witnessing rapid urbanization and population growth over the past few years. With the rise in population and the influx of migrants, the demand for affordable housing has increased exponentially. As per a report by the National Real Estate Development Council (NAREDCO), Gurgaon requires around 5,000 new housing units every month to meet this demand.
Population Growth and Urbanization
The population of Gurgaon has grown by leaps and bounds over the past few years, owing to the city’s rapid urbanization and industrialization. The city has become a hub for several multinational corporations, leading to an increase in job opportunities. This, in turn, has attracted people from all over the country to settle in Gurgaon. However, the city’s infrastructure has not been able to keep up with the rapid growth in population, leading to a shortage of affordable housing options.
Addressing the Housing Gap
The shortage of affordable housing options in Gurgaon has become a major cause of concern for the government and the citizens alike. To address this housing gap, several government initiatives have been undertaken, which includes the affordable housing scheme that aims to provide housing to the economically weaker sections of society.
The affordable housing scheme is a flagship program of the government that aims to provide affordable housing to the urban poor. Under this scheme, the government provides financial assistance to eligible beneficiaries to help them buy or construct their own house. The scheme has been a major success in Gurgaon, with several people benefiting from it.
Government Initiatives for Affordable Housing
The Haryana government has been proactive in promoting affordable housing projects in the state. In September 2020, the government announced a new policy to promote affordable housing projects in the state. As per the policy, developers will receive incentives such as a rebate on stamp duty, exemption from external development charges (EDC), and subsidized land rates.
The policy has been well-received by developers and homebuyers alike, as it has made housing more affordable for the common man. The government’s efforts to promote affordable housing in Gurgaon have been commendable, and it is hoped that more such initiatives will be undertaken in the future to address the housing gap in the city.
Top Upcoming Affordable Housing Projects in Gurgaon 2023
Developers have taken up the mantle and started building affordable housing projects that offer residents a comfortable lifestyle at an affordable price. The demand for affordable housing has been on the rise in Gurgaon, especially with the influx of people moving to the city for work. Here are the top five upcoming affordable housing projects in Gurgaon for 2023:
Project 1: Adani Sector 99, Gurgaon
The Adani Sector 99A project in Gurgaon is a recently launched low-cost housing project that comes with the added benefit of subsidy for loans under the Pradhan Mantri Aawaas Yojna. Located along the prominent Dwarka Expressway, this project offers excellent connectivity to key sectors in Gurgaon, making it a convenient choice for homebuyers. With its affordable pricing and attractive loan subsidy, Adani Sector 99A presents a promising option for those looking for a new home in Gurgaon.
Features & Amenities:
- 90% Loan with Easy Payment Plan: The Adani Sector 99A project offers a hassle-free financing option with 90% loan availability, making it easier for homebuyers to own their dream home.
- No Maintenance Charges for 5 Years: As an added advantage, this project comes with a unique offering of no maintenance charges for the first 5 years, providing residents with a cost-effective living experience.
- RERA Registered: The Adani Sector 99A project is registered under the Real Estate Regulatory Authority (RERA), ensuring transparency and compliance with regulatory norms, and providing homebuyers with peace of mind.
- Subsidy for Loan under Pradhan Mantri Awas Yojana: This project is eligible for the Pradhan Mantri Awas Yojana (PMAY) subsidy, which provides financial assistance to homebuyers, making it more affordable and accessible.
- Amenities Galore: The project offers a range of amenities including a playing area, exercise area, garden, club house, and gated community, providing residents with a comfortable and enjoyable living experience. Additionally, free visitors parking is available, ensuring convenience for guests.
In conclusion, the Adani Sector 99A project boasts a range of attractive features and amenities, including easy financing options, no maintenance charges, RERA registration, PMAY subsidy, and well-designed amenities, making it a promising choice for prospective homebuyers looking for a new home in Gurgaon.
Project 2: Pareena Sector 68, Gurgaon
Pareena Sector 68 is an upcoming residential project that promises a high standard of living in the bustling city of Gurgaon. Nestled on a sprawling 10.25-acre land, this project offers a range of apartments including 1 BHK, 2 BHK, and 3 BHK, catering to different budget levels. Designed with careful consideration to Vaastu and Feng Shui principles, these homes are thoughtfully crafted to create a harmonious living experience.
Features & Amenities:
- Spread across a sprawling 10.25 acres of land, Pareena Sector 68 offers a diverse range of apartments, including 1 BHK, 2 BHK, and 3 BHK units, catering to different price points. The apartments are designed in accordance with Vaastu principles and also boast a Feng Shui corner, ensuring a harmonious and positive living experience.
- Safety and security are paramount at Pareena Sector 68, with trained guards and CCTVs providing round-the-clock surveillance, ensuring the well-being of residents. For families with children, there is a dedicated children’s playground nestled amidst nature, providing a safe and enjoyable space for kids to play and unwind.
- The project also boasts a variety of retail establishments within the premises, making daily essentials easily accessible for the residents. The construction of the project is earthquake-resistant, ensuring the safety and durability of the homes. Additionally, ample parking space, including visitors parking in the basement, adds to the convenience of the residents.
- Pareena Sector 68 is not just about providing a place to live, but also about creating a lifestyle that fosters comfort, convenience, and well-being. With its thoughtfully designed apartments and an array of amenities, this project aims to elevate the standard of living for its residents.
In conclusion, Pareena Sector 68, Gurgaon, is an upcoming residential project that promises an enhanced living experience with its well-designed apartments and modern amenities. Whether you are a first-time homebuyer or an investor, this project offers a blend of affordability, convenience, and safety, making it an attractive option for those looking for a new home in Gurgaon.
Project 3: MRG World Ultimus 2 Sector 90, Gurgaon
MRG World Ultimus 2 Sector 90, Gurgaon is a unique affordable housing project developed by MRG World Private Limited. Spread over 5.5 acres of prime land on Dwarka Expressway, this project offers spacious and well-ventilated 2 BHK and 3 BHK apartments with 50% open spaces, allowing residents to enjoy a refreshing and rejuvenating environment amidst lush greenery.
Strategically located near Dwarka Expressway, MRG World Ultimus 2 is just 5 minutes away from NH-8, 4 minutes away from IMT Manesar, and 24 minutes away from Huda City Center, ensuring excellent connectivity to major hubs in and around Gurgaon. The project also boasts close proximity to renowned schools like Delhi Public School, Pranavananda International School, and various shopping complexes, malls, and cinema halls, making it a convenient choice for families looking for an affordable yet well-connected living option.
Features & Amenities:
- Affordable Pricing: Prices start at 26.4 lakhs, making it an economical choice for homebuyers.
- Maintenance-Free for 5 Years: Enjoy hassle-free living with no maintenance charges for the first 5 years after possession.
- Subsidy for Loan under Pradhan Mantri Awas Yojana: Avail subsidy benefits under the government’s Pradhan Mantri Awas Yojana, making homeownership more affordable.
- Club House & Sports Complex: Residents can indulge in recreational activities with a well-equipped club house and sports complex within the project.
- 75m Wide Jogging Road: Stay fit and active with a dedicated 75m wide jogging road for your daily fitness routine.
- RERA Approved: MRG World Ultimus 2 is RERA approved, ensuring a secure and transparent investment option for buyers.
In summary, MRG World Ultimus 2 Sector 90, Gurgaon offers a range of features and amenities, including affordable pricing, maintenance-free living for 5 years, subsidy benefits under Pradhan Mantri Awas Yojana, club house and sports complex, a wide jogging road, and RERA approval, making it a desirable choice for homebuyers looking for a convenient and budget-friendly housing option.
Project 4: GLS Affordable Housing Sector 106, Gurgaon
GLS Affordable Housing Sector 106, Gurgaon offers a luxurious living experience at an affordable price. Situated on a sprawling 5-acre land, this residential project provides an opportunity to live like a king within a budget. Located strategically on Dwarka Expressway, it ensures seamless connectivity to Delhi and NH8, making it a convenient choice for commuters.
GLS Sector 106 Gurgaon boasts of a high-rise structure with well-designed 1 BHK, 2 BHK, and 3 BHK apartments, providing ample choices for homebuyers. In addition to its prime location, this project is also in close proximity to reputed schools and educational institutes, making it an ideal choice for families. With its blend of luxury, affordability, and convenient location, GLS Affordable Housing Sector 106, Gurgaon is a perfect option for those seeking a comfortable and lavish lifestyle without breaking the bank.
Features & Amenities:
- Third project by GLS INGRATECH, a reputed developer known for quality construction
- Sprawling over 5 acres of lush green area, providing a serene and refreshing environment
- Prime location on Dwarka Expressway, ensuring convenient connectivity to Delhi and NH8
- Power backup facility, ensuring uninterrupted power supply for residents’ convenience
- Modern kitchen and bathroom fittings, adding a touch of elegance and convenience to your home.
Project 5: Mahira Homes 88B in Gurgaon
Experience luxury living at an affordable price with Mahira Homes 88B in Gurgaon. Located in Sector 88B, this project boasts a prominent presence along the 150m-wide Dwarka Expressway. Spread over 6 acres of lush greens, with easy access to malls, residential complexes, and social amenities, Mahira Homes is designed to offer a delightful living experience.
What sets Mahira Homes apart is its luxurious offerings. With 2BHK & 3BHK units available in three different designs and specifications, residents can choose their dream home according to their preferences. The beautiful architecture, both indoor and outdoor, adds a touch of elegance to the project. The exquisite finishes, including plastic wall paint, spacious almirahs in the bedrooms, and ceramic tiles in the kitchen, bathroom, and bedroom, reflect the attention to detail and quality craftsmanship of Mahira Homes 88B.
Features & Amenities:
- 6 acres of lush green area for a serene living environment
- State-of-the-art construction and architecture for modern living
- Dedicated kids play area and jogging area for healthy recreational activities
- Prime location on Dwarka Expressway for excellent connectivity
- Club House for socializing and community gatherings
- Gated community for enhanced security and privacy.
In conclusion, these affordable housing projects in Gurgaon offer residents a comfortable lifestyle at an affordable price. With modern amenities, spacious apartments, and a focus on safety and security, these projects are designed to cater to the needs of families. Whether you are a fitness enthusiast or someone who enjoys socializing, these projects have something for everyone. So, if you are looking for affordable housing in Gurgaon, these projects are definitely worth considering.
Key Features of Affordable Housing Projects in Gurgaon
Are you looking for affordable housing options in Gurgaon? Well, you are in luck because Gurgaon has a plethora of options to choose from. These projects are designed to cater to the needs of the middle-income group and offer a comfortable and luxurious lifestyle without breaking the bank. Let’s take a closer look at the key features of affordable housing projects in Gurgaon.
Sustainable and Eco-friendly Design
The world is moving towards sustainable and eco-friendly living, and Gurgaon’s affordable housing projects are no exception. These projects are built using eco-friendly and sustainable materials, making them safe for the environment and future-ready. The use of such materials also helps in reducing maintenance costs in the long run. The developers have made sure that the buildings are designed in a way that maximizes natural light and ventilation, reducing the need for artificial lighting and air conditioning.
Modern Amenities and Facilities
Developers have left no stone unturned when it comes to providing modern facilities and amenities in these projects. They have included features such as clubhouses, swimming pools, jogging tracks, and more to ensure that the residents’ needs are met. These amenities not only provide a luxurious lifestyle but also promote a healthy and active lifestyle. The clubhouse is a great place to socialize and meet new people, while the swimming pool is perfect for a refreshing dip on a hot summer day.
Connectivity and Accessibility
Most affordable housing projects are located in prime locations, making them easily accessible from major transportation hubs such as railway stations, metro stations, and airports. This makes commuting to work or other places hassle-free and convenient. The projects are also located in close proximity to schools, hospitals, shopping centers, and other essential amenities, making life easier for the residents.
Safety and Security Measures
One of the most important aspects of any housing project is safety and security. These projects have incorporated measures such as 24/7 surveillance, CCTV cameras, and gated communities, to ensure the residents feel safe and secure in their homes. The security personnel are well-trained and equipped to handle any situation that may arise. The gated communities also provide an added layer of security, ensuring that only authorized personnel can enter the premises.
In conclusion, affordable housing projects in Gurgaon offer a perfect blend of luxury, comfort, and affordability. With their sustainable and eco-friendly design, modern amenities and facilities, connectivity and accessibility, and safety and security measures, these projects are an excellent choice for anyone looking for a comfortable and convenient lifestyle.
Financing Options for Affordable Housing in Gurgaon
Gurgaon, also known as Gurugram, is a city located in the northern Indian state of Haryana. It is one of the fastest-growing cities in India and has emerged as a hub for multinational corporations, leading to a surge in the demand for affordable housing. With the increasing cost of living, it has become challenging for people to buy their own homes. However, there are various financing options available that can help people realize their dream of owning a home in Gurgaon.
Home Loan Schemes
Home loans are the most popular financing option for purchasing a house. Banks and financial institutions offer several schemes to provide assistance in availing of home loans, with a low interest rate and a longer repayment period. Some of the popular home loan schemes available in Gurgaon include State Bank of India’s Home Loan, ICICI Bank’s Home Loan, and HDFC Bank’s Home Loan. These schemes offer attractive interest rates, flexible repayment options, and quick processing of loan applications.
Home loans are available for various purposes, such as purchasing a new house, constructing a new house, or renovating an existing house. The loan amount and repayment period depend on various factors, such as the borrower’s income, credit score, and the value of the property.
Government Subsidies and Incentives
The government of Haryana provides subsidies and incentives to the economically weaker sections to help them avail of housing loans and make affordable living a reality. The Pradhan Mantri Awas Yojana (PMAY) is a scheme launched by the central government to provide affordable housing to the urban poor. Under this scheme, the government provides financial assistance to eligible beneficiaries to construct or purchase a house. The government also provides subsidies on the interest rate of the home loan.
In addition to PMAY, the Haryana government has launched various schemes to promote affordable housing in the state. These schemes include the Affordable Housing Policy 2013, Deen Dayal Jan Awas Yojana, and Mukhya Mantri Awas Yojana. These schemes offer various incentives, such as exemption from stamp duty and registration fees, subsidy on the interest rate of the home loan, and relaxation in the floor area ratio (FAR) norms.
Developer Financing Options
Many developers offer financing options to their customers, such as installment schemes and low down payments to make the purchase as hassle-free as possible. These schemes are designed to attract buyers who cannot afford to pay the entire amount upfront. The installment schemes allow buyers to pay the amount in installments over a period of time. The low down payment schemes require buyers to pay a small amount upfront and the remaining amount in installments.
Some developers also offer buyback schemes, where they buy back the property from the buyer after a certain period. This scheme is beneficial for buyers who are not sure about their long-term plans and want to sell the property after a few years.
In conclusion, there are various financing options available for affordable housing in Gurgaon. Home loans, government subsidies and incentives, and developer financing options are some of the popular options. It is essential to research and compare these options before making a decision to ensure that you get the best deal.
Tips for Choosing the Right Affordable Housing Project
Buying a house is one of the most significant investments a person can make. It is essential to make sure that you are making an informed decision when choosing a project. Here are some tips to help you find the perfect affordable housing project:
Assessing Your Needs and Budget
Before purchasing a house, it is essential to assess your needs and budget. You need to determine the size of the house that you require and the amenities that you need. You should also consider your budget and ensure that you can afford the house you want. It is crucial to factor in all the costs, including the down payment, taxes, and maintenance costs.
Once you have established your needs and budget, you can start looking for a project that meets your requirements.
Researching the Developer’s Reputation
Choosing a project that is being developed by a reputed developer is essential. A reputable developer will ensure transparency and quality construction. You can research the developer’s reputation by checking their website, reading reviews online, and asking for recommendations from friends and family.
It is also essential to check if the developer has all the necessary approvals and permits from the local authorities. This will ensure that your investment is secure.
Evaluating the Location and Connectivity
The location of the project is a crucial factor when selecting a home. You should look for a project that is easily accessible from major transportation hubs and has excellent connectivity to other parts of the city. This will make commuting to work and other places more convenient.
You should also consider the proximity of the project to essential services such as hospitals, schools, and shopping centers. This will ensure that you have access to all the necessary amenities.
Inspecting the Quality of Construction and Amenities
It is essential to evaluate the quality of construction and the amenities offered by the developer. You should inspect the construction quality of the project and ensure that it meets the necessary standards. You should also check the amenities offered by the developer, such as swimming pools, gyms, and parks.
Inspecting the quality of construction and amenities will ensure that you are making an informed decision and get your money’s worth.
In conclusion, choosing the right affordable housing project requires careful consideration. You need to assess your needs and budget, research the developer’s reputation, evaluate the location and connectivity, and inspect the quality of construction and amenities. By following these tips, you can find the perfect affordable housing project that meets your requirements.
Conclusion: Investing in Gurgaon’s Affordable Housing Market
The affordable housing market in Gurgaon is growing, offering numerous opportunities for homebuyers to make their dream of owning a house come true. The upcoming affordable housing projects in Gurgaon offer modern amenities, convenient locations, and sustainable designs, making them a smart investment for the future. It is essential to do your research, evaluate your needs and budget, and choose a reputed developer to ensure a safe and comfortable living experience.
