subject: Now The Meaning Of Affordable Housing In Noida And Ncr Is Flat Of 60 Lakh [print this page] There has been noticing a lot of change in category of affordable housing in Delhi and NCR in the last 4-5 years. Now a days flats of worth 50-60 lakh are becoming a part of this category. It has been discovered in a survey done on the people earning around 15 lakh annually in Delhi/NCR, that there can be some such properties in New Gurgaon, Dwarka express way and properties on opposite side of national highway 8.
However the supply of these properties is very limited. Instead there are better options comparatively in Raj Nagar extension, Greater Faridabad, Crossing republic etc. 4 bhk spacious flats can be purchased here on the same prices. Property research portal propequity.in has published a report here. However there can be seen many infrastructural and economic difficulties here. Sameer Jasuja, Founder of propequity.in says There is infrastructure problem in Greater Faridabad while a dumping ground is proposed near crossing republic. Rates of properties in Noida situated near Metro stations are touching the sky heights while the development in expressway and other new areas will take much time.
Veneet kumar singh, the EVP and Business head of 99 acres says the flats of 1 bhk in sectors situated near metro stations are of costing around 50 lakh. At this time the rates of 2 bhk flats on dadri road is more than 50 lakhs however this area is far backward from the point of view of infrastructure and other facilities. At this time the supply of affordable housing is very low and demand is very high in the property market of NCR.
Co-founder and CFO at TaxSpanner(advisory firm on investments) Sudhir kaushik says the rates of new developing areas or location in NCR are yet in the reach of common people however the infrastructure development may take some time in these areas. Deadline of property development in new areas is also a matter of concern which causes problems to people.
Premium market of property in Suraj Kund is developing. Near vicinity to Delhi and being a tourist place the rates of property here is going out of the budget of common users. On the other hand Vaishali and vasundhara of Ghaziabad are also in this race. The rate of 1 bhk is around 30 lakh and 2 bhk is more than 50 lakh in these areas. According to propequity, in order to buy an affordable home in Gurgaon the annual income should be between 8-47 lakh , 5-32 lakh in Noida, 4-19 lakh in Ghaziabad and 3-37 lakh in Faridabad.
