The Factors Behind The Growth of Investment in Affordable Housing

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The Factors Behind The Growth of Investment in Affordable Housing

2bhk flat in ghaziabad

The current real estate trends in India are observing a massive growth in the demand for affordable housing. Along with many other notable factors, one of the most important reasons for this is, this housing segment calls for a safer investment option by financial investors and low-income masses due to its long-term appreciation and value gains. The metropolitan cities have already accounted for 35% of the total housing market for affordable residential properties. 

The Smart City, Ghaziabad, as we all know is facing huge demands in residential properties. Real estate experts are of the opinion, that 2BHK flats in Ghaziabad are the most in-demand of all. The accommodation opportunities in such flats are immense as builders are coming up with more and more such projects and are offering amenities and facilities of global standards at affordable prices. 

In this article below, we shall explore some of the factors that play a crucial role in this massive growth. 

Factors Responsible for the Growth in Demand: 

  1. Government Initiatives

The affordable housing segment has received immense support from the Union Budget 2021-2022. The Government offered multiple extensions such as 1.5lakh rupees of benefit on the paid interest for another financial year. The affordable housing projects have also received a relief benefit with the extension of tax holidays. This measure particularly brought about a greater supply within this accommodation segment in order to balance out the demand. 

  1. Low-Cost Purchase and High-Value Asset

With several state governments reducing the per square feet rate in the affordable housing segment, property investors and home buyers have gotten the opportunity to purchase properties at a much lower rate which further ensures the scope of price appreciation over a short period of time. 

  1. High Demand- Less Supply

Despite all the myths surrounding affordable housing, such as it may not prove to be a lucrative investment, this housing segment is particularly seeing a huge demand as per the current real estate scenario. It is being observed that this housing segment, on the contrary, is attracting a wide range of residents who are looking for government complied quality buildings. However, this demand is now being backed by various leading builders and developers and are now shifting their focus from premium projects to mid-range housing segments which is affordable. 

  1. Increased Capital Appreciation and Rent Assurance 

With affordable housing, home buyers and property investors are now getting the opportunity to purchase properties at a low cost with high resale value. Due to the increase in demand and high absorption rate, such properties are ensuring better returns in comparison to that of luxurious projects, and that too over a very short period of time. The rent payments of affordable housing are much more streamlined unlike luxury properties which come with unstable occupancy rates and also lack the steadiness of rentals. 

So, to put an end to your daunting task of looking for 2BHK flats in Ghaziabad, the BharatCity group brings to you an amalgamation of meticulous planning and futuristic thinking in the affordable housing segment, where you can turn your dreams into reality. They offer you affordable homes with world-class amenities in the prime locations of the city which will absolutely be worth the value of your money. To know more, get in touch, now! 

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