December 13, 2019

Understanding Key Differentiators between Luxury Housing Projects and Affordable Housing Projects in Gurgaon 

Affordable housing has always been the most preferred choice amongst the
homebuyers across India for several years. But, this doesn’t mean that the
significance of luxury homes and projects is reduced or minimized. You will see
a number of luxury projects popping up across Gurgaon along with affordable
housing market. But, the best
affordable housing projects in Gurgaon open a wide spectrum of housing opportunities for home seekers that
fall under the mid segment category.

If you look for the key points of differences between the luxury housing
projects and affordable housing projects price is the only prime
differentiator. Most of the luxury projects in Gurgaon usually start with the
price range of Rs. 1 Cr and no upper limit has been set the builders of luxury
projects. Contrary to this, affordable housing has the significant demand from
the pool of mid segment homebuyers in India. The rates of the affordable houses
in Gurgaon usually vary from location to location, but it tends to fall in the
price bracket of Rs. 20 Lac to Rs. 40 Lac and even less than Rs. 15 Lac in some
remote locations.

READ MORE:  How To Keep A Construction Site Safe For Workers

Affordable Housing Scheme in Gurgaon!

Apart from the pricing, amenities are also the major differentiators
between luxury housing projects and affordable housing in Gurgaon. All the
luxury homes in Gurgaon tend to offer a wide variety of luxury lifestyle
amenities to the homebuyers including cycling tracks, fitness centre, gym, swimming
pool, badminton and tennis court, bar, cafe, spa, restaurants, bar, coffee
shops and convenience stores within the community. On the other hand, the
affordable housing comes with limited lifestyle amenities and it comprises of
only basic necessities and facilities like gardens, play area and more. You
will not find all the lifestyle luxury amenities in the affordable housing
projects like you find in any luxury projects in Gurgaon. But this doesn’t mean
that the quality of construction is compromised in affordable housing projects.
It only lacks in amenities and facilities but the overall construction of the
project is at par the luxury projects.

READ MORE:  Understanding slot variance and RTP

Apart from this the size and space of the homes is another key
differentiator between luxury homes and affordable projects. The floor area of
the luxury project projects is usually bigger and it offers larger spaces to
dwell as compared to the affordable housing projects. The luxury homes have
more spaces both externally and internally, while the affordable homes have
smaller spaces and available only in 1/2BHK apartments with small floor sizes. Since
the overall size of the project is small, the homes within the project are
tends to be smaller in sizes and they are usually designed in 1 and 2 BHK
sizes.

READ MORE:  Understanding Cryptocurrency, Crypto Nation App Login

According to the Union Budget of 2019-2020, the buyers of affordable
homes would enjoy some additional financial benefits which are lacking with
luxury projects in Gurgaon. Under the affordable housing scheme, the homebuyers
will enjoy certain tax benefits which are offered under this segment to the
homebuyers. They will now save more money on tax when they buy affordable homes
in Gurgaon.

There will also be an exemption in notional rent from second property.
But with luxury properties there will be tax implications when the homebuyers
exceed the total amount of investment or their income group is in the higher
side.

READ MORE:  Top 5 Latest Trends in Real Estate Industry in the Cayman Islands and India

Conclusion!

To conclude the discussion, the luxury and affordable housing projects
have diverse audiences as both these segments actually fulfil the requirements
in respective way. The financial capabilities of the homebuyers are the most
crucial aspect when deciding on which segment you must invest your hard earned
cash. Individuals usually have some kind of restriction or limitation when it comes
to spend their hard earned money for buying homes in Gurgaon. Besides, the
expectations of the homebuyers also help in deciding the relevant segment for
investment. Here expectations are in regards to the facilities and benefits
that homebuyers get from both the segments.

READ MORE:  Know Your Enemy: Understanding the Motivation Behind CyberAttacks

There are many luxury projects across Gurgaon that are worth investing
it. But this doesn’t mean that you must overlook the significance of affordable
homes. Check out online for Affordable Property for Sale in India from the
reliable online realty website Planmyproperty. Based on your financial capabilities and
expectations you are suggested to find the right property for investment and
yield higher returns in future. PlanMyProperty is the realty website that will
guide you through the process and help you in deciding the right property for
investment across Gurgaon.   

related posts:

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}