Affordable Housing Option In Gurgaon

Overview

Gurgaon, now known as Gurugram, has rapidly developed into a major corporate and residential hub in India. While it is often associated with luxury living and high-end apartments, there are plenty of affordable housing options available for budget-conscious individuals and families. This guide will explore various budget-friendly living spaces in Gurgaon, including apartments, rental spaces, and co-living arrangements.

Types of Affordable Housing in Gurgaon

1. Budget-Friendly Apartments

Gurgaon offers a wide range of apartments that cater to budget-conscious individuals and families. Areas like Sohna Road, Sector 37D, and Sector 70A are known for their affordable apartment complexes. These areas provide good connectivity to major parts of the city, making them ideal for those who work in and around Gurgaon.

Key Features:

• 1BHK to 3BHK options available
• Basic amenities like security, parking, and power backup
• Proximity to schools and healthcare facilities

2. Cost-Effective Rental Spaces

If you’re not ready to buy, renting can be a great option. Gurgaon has numerous rental spaces that are easy on the pocket. Look into localities like Sector 23, Palam Vihar, and Sector 55 for rental properties that offer good value for money.

Key Features:

• Fully furnished and semi-furnished options
• Flexible lease terms
• Access to public transportation

3. Co-Living Spaces

Co-living spaces are becoming increasingly popular among young professionals and students. These spaces offer a community living experience with shared amenities. Areas like DLF Phase 3, Cyber City, and Udyog Vihar have several co-living options.

Key Features:

• Shared kitchens and living areas
• High-speed internet and utility bills included
• Regular cleaning and maintenance services

Affordable Housing Projects in Gurgaon

1. Signature Global
   • Projects: Signature Global Park, Signature Global Prime, Signature Global Proxima
   • Details: Signature Global is known for delivering affordable housing projects under the Haryana Affordable Housing Policy. These projects typically offer 1, 2, and 3 BHK apartments with modern amenities. The focus is on providing quality housing at an affordable price.
2. Pyramid Infratech
   • Projects: Pyramid Urban Homes, Pyramid Urban Homes 2, Pyramid Pride
   • Details: Pyramid Infratech offers affordable housing options under the Pradhan Mantri Awas Yojana (PMAY). These projects are strategically located with easy access to public transport and other essential services. The apartments are designed to maximize space and provide a comfortable living experience.
3. GLS Infratech
   • Projects: GLS Avenue 51, GLS Avenue 81, GLS Arawali Homes
   • Details: GLS Infratech’s projects focus on providing affordable housing with a range of amenities such as parks, community halls, and sports facilities. These projects are located in well-connected areas of Gurgaon, making them an attractive option for first-time homebuyers.
4. ROF Infratech
   • Projects: ROF Ananda, ROF Aalayas, ROF Amaltas
   • Details: ROF Infratech offers a range of affordable housing projects designed to meet the needs of middle-income groups. The projects are approved under the Haryana Affordable Housing Policy and offer modern amenities like clubhouses, landscaped gardens, and 24/7 security.
5. OSB Group
   • Projects: OSB Expressway Towers, OSB Golf Heights
   • Details: OSB Group’s projects provide affordable housing options with a focus on quality construction and timely delivery. These projects are located near major highways and commercial areas, providing easy access to essential services and employment hubs.

Features of Affordable Housing Projects

1. Pricing:
   • Apartments in affordable housing projects in Gurgaon are priced between ₹15 lakhs to ₹40 lakhs, making them accessible to a wide range of buyers.
2. Size:
   • The sizes of the apartments typically range from 400 sq. ft. to 800 sq. ft., with configurations including 1 BHK, 2 BHK, and sometimes 3 BHK units.
3. Amenities:
   • Common amenities include parks, children’s play areas, community halls, 24/7 security, power backup, and sometimes additional facilities like swimming pools and gyms.
4. Location:
   • Affordable housing projects are often located in emerging sectors of Gurgaon, such as Sector 68, Sector 81, Sector 95, and Sohna Road. These areas are well-connected to major roads and highways, ensuring easy access to Delhi and other parts of NCR.
5. Government Schemes:
   • Many of these projects fall under government schemes like Pradhan Mantri Awas Yojana (PMAY), which provides subsidies to eligible buyers, further reducing the cost of purchase.

Advantages of Investing in Affordable Housing

1. Subsidies and Benefits:
   • Government schemes like PMAY offer interest subsidies, making home loans more affordable for buyers.
2. High Demand:
   • There is a constant demand for affordable housing in Gurgaon due to its strategic location and employment opportunities, ensuring good returns on investment.
3. Modern Infrastructure:
   • Despite being affordable, these projects offer modern amenities and infrastructure, providing a comfortable living experience.
4. Future Appreciation:
   • As Gurgaon continues to develop, the value of properties in emerging sectors is expected to appreciate, providing good capital gains for investors.
5. Community Living:
   • These projects often foster a sense of community with common areas and facilities, promoting a better quality of life.

Tips for Finding Affordable Housing

1. Research and Compare: Spend time researching different localities and housing options. Use online platforms like MagicBricks, 99acres, and Housing.com to compare prices and amenities.
2. Visit the Area: Before finalizing anything, visit the neighborhood. Check for connectivity, safety, and the overall vibe of the place.
3. Check for Hidden Costs: Be aware of additional costs like maintenance charges, parking fees, and utility bills.
4. Negotiate: Don’t hesitate to negotiate the rent or the purchase price. Landlords and sellers often leave some room for bargaining.

Wrapping Up

Finding affordable housing in Gurgaon is definitely possible with a bit of research and flexibility. Whether you’re looking to buy or rent, the city offers numerous options that cater to various budgets and preferences. Embrace the opportunity to live in one of India’s most dynamic cities without compromising on your financial stability.