look news india
The continuously skyrocketing property prices in Delhi-NCR have made the dream of owning a home almost impossible for middle-class and salaried families. While the prices of even 2-BHK flats in Gurugram, Noida or Ghaziabad have reached Rs 70 lakh to Rs 1.5 crore, the demand for affordable housing schemes has increased rapidly in satellite cities and industrial corridors near the national capital. Meanwhile, a very relieving news has emerged for the middle class from the real estate sector. Ready-to-move-in independent houses and villas in a developed area with excellent connectivity, just 3.30 hours from Delhi. ₹13.76 lakh Have been introduced at a starting price of Rs. In this project only ₹68,845 The house can be booked by paying a token amount of Rs. 1,000, as well as for a limited period of time to the buyers Special discount up to 2% is also being given.
The biggest feature of this affordable residential project is its location and seamless connectivity with Delhi. The project is located in a rapidly growing Tier-II industrial and residential hub adjacent to the Delhi-Jaipur Highway (NH-48), Delhi-Mumbai Expressway or Delhi-Meerut-Haridwar Corridor. After the commencement of the new stretch of the expressway, the distance of this location from Delhi border has reduced to only 3 to 3.30 hours.
Large automobile and manufacturing hubs, logistics parks and educational institutions are present in the surrounding area, due to which employment opportunities are continuously increasing here. Away from the hustle and bustle, heavy traffic jams and severe air pollution of Delhi-NCR, this area is emerging as an ideal option to live with a serene, lush green environment and pure air.
Usually only vacant plots are available in low budget, but the biggest USP of this scheme is that it gives the buyer complete Ready-to-Move Independent Houses/Villas Are meeting:
-
STURDY CONSTRUCTION AND MODERN LAYOUT: The houses are based on earthquake resistant RCC frame structure and consist of 1-BHK and 2-BHK independent units. The homes have vitrified tiles, modern fittings, modular kitchen space and ventilated balconies.
-
Gated Township Features: This project is developed as a completely secure and walled gated community. It has complete facilities of 24×7 CCTV surveillance, security guards, wide asphalt and interlocking roads, street lights, drainage system and park.
-
Uninterrupted supply of electricity and water: Overhead water tanks for 24-hour water supply and transformers for power backup have been installed within the township. Besides, a community center and a dedicated play area for children has also been prepared.
Keeping in mind the budget of middle class families, the developer has made the payment plan very accessible. The financial structure of the scheme works as follows:
-
Booking Amount (5% Token): Only 5 percent of the total property value of ₹13.76 lakh i.e. ₹68,845 Official booking of the house can be done by paying Rs.
-
2% discount for limited time: Customers making early booking or making lump sum advance payment are being offered a direct discount of up to 2% on the total basic selling price (a direct saving of approximately ₹27,500).
-
Bank Loan and Easy EMI: This project is approved by major nationalized and private banks. Eligible buyers can avail home loan facility of 80% to 90%. Monthly EMI for 20 years at an interest rate of 8.5% on a home loan of ₹11 lakh to ₹12 lakh is approx. ₹9,500 to ₹10,500 It comes between Rs. 100,000, which is almost equal to the rent paid for a typical 1-BHK or 2-BHK flat in NCR.
According to real estate experts, it has become rare to find a ready-to-move-in home in a budget below ₹15 lakh around Delhi-NCR. In this case, this property serves a dual purpose:
First, those who live in high rented accommodation in Delhi and are dreaming of having their own terrace can own their own property in this budget. Secondly, this is a great opportunity for investors who want regular rental income. With employees working in nearby industrial areas and companies, these homes can fetch immediate rents of ₹5,000 to ₹7,000 per month, which is an excellent rental yield of around 5% to 6% on investment.
Before purchasing a property, customers are advised to check the RERA registration number, town and country planning approval and land title documents of the respective state. With limited units and attractive discounts, this affordable housing project is proving to be a solid opportunity for first-time home buyers.