Affordable Housing : Unmatched opportunity at both ends
From Government subsidies to transparent deals, the affordable sector in reality business is perhaps the best opportunity both for the developers and the end buyers.
India is witnessing accelerating urbanization over the years and now the increase in population is more in urban areas than in rural areas. With the price skyrocketing in the reality sector and demand soaring high as every family dreams to have their own house in this era of productive capitalism, the government by introducing its affordable housing scheme under Pradhan Mantri Awas Yojna (PMAY) has made sure that the dream comes true. The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme (CLSS) from the start of a loan.
According to estimates, around 600 million people are expected to make urban India their home by 2031, a whopping 59 per cent growth over 2011. As an increasing proportion of India’s population starts participating in its growth story, it brings with it mounting pressure on the existing infrastructure, which needs to at least keep pace with the growing demand, if not be ahead of the curve.
Now, it is the Role of developer to create a checklist and work on the same to create a win-win situation both for developer and the end consumer:
Lastly, be it any sector or any product, what matters is the value for money. Just like smart phones provide an umbrella of features and these days the prices are also very competitive, similarly we at Aangan Kutir make sure that end buyer gets best of both the worlds be it best facilities, good location, easy documentation, CCTV Camera, Green Space and easy payment options, affordable price and that will indeed make a win-win situation both for developer and buyer.