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Huge Demand for Affordable Housing Projects in Gurgaon and Faridabad - GenX Deals
Posted on Apr 24, 2015

New Delhi, Delhi, India

The popular belief of shelling exorbitant money to own a house in plush areas of Gurgaon and Faridabad is all set to change. Haryana, which has emerged as a premium property hub, is embarking on affordable housing projects to make the dream of living in the posh societies come true for a common man.

The new policy of Haryana government to push “affordable housing scheme”, buying property shall suit pockets of both middle and low income segment.

According to Akash Kohli, Marketing Director, GenX Deals a two-bedroom apartment costs anywhere between Rs 75 lakhs to Rs 1 Crore in Gurgaon, whether under construction or ready to move in however, the new policy will enable people to buy a 1 BHK of approx. 300 sq ft carpet area apartment for as low as Rs 12 lakhs including all other charges like EDC/IDC, Club Membership, Maintenance security and a 2 wheeler parking.

Most of these apartments also have a 50-100 sq ft balcony for which usually the cost is Rs. 25000-40000 extra. The carpet area of these new housing projects will range from 28 to 60 sq mt (300-650 sq ft) and the price is fixed at Rs 4,000 per sq ft. for Gurgaon and Panchkula. Apart from Gurgaon and Panchkula, price is fixed at Rs. 3600 per sq ft. for all other cities of Haryana like Faridabad, Sohna, Sonipat and Panipat etc. Allotment of houses is through transparent draw system managed by government officials of Haryana. One person can get only one affordable house in Haryana.

The aim is to make real estate inclusive for every person in the city. Many reputed builders like Supertech, Tulip, Vardhman, Baderwals, Praymid and others are investing in these projects and are aiming to complete the construction within almost 4 years. According to the policy all buyers in affordable housing shall get 5 year free maintenance post possession from developers side. The entire corridor of Sonipat and Faridabad shall be dotted with affordable housing projects by 2018-19.

GenX Deals is a renowned web portal that facilitates online property transaction and consultation for ease of the customers.

Mr Jetesh Prasher, Founder and CEO, GenX Deals says a lot of effort has gone in developing a new feature of the portal 'affordable housing' which caters to clients who want to gain information about various policies of affordable housing. Customers can use this feature to compare locations, layouts, floor plans etc of various developers who have launched affordable housing schemes. Customers can leave their queries at our portal and the concerned person from developers end shall get back to the customer. We also have a live real estate forum by the name of GenX Real Estate Forum where customers can discuss anything relevant to real estate. Latest buzz on our forum is “Affordable Housing”.

About GenX Deals : GenX Deals.com is one of the Indias fastest-growing online real estate platform. We empower people to realize their property dreams by making their search a delightful experience through our design, technology and innovation.

GenX Deals.com provides the widest range of property options in residential and commercial property categories. Considered to be amongst the most reliable and popular India real estate websites, GenX Deals makes your property search faster and sharper.


Fadnavis says govt to ease norms if developers focus on affordable housing
Posted on Apr 24, 2015
MUMBAI: Chief minister Devendra Fadnavis on Wednesday said his government will amend rules and regulations to facilitate execution of affordable housing across the state. Calling upon developers to work closely with the government and build low-cost houses for the lower middle class, he said, "We will make the laws flexible and I am ready to face c ...

Supertech may list six malls as REIT to raise Rs 500 crore
Posted on Apr 24, 2015
NEW DELHI: Real-estate firm Supertech is looking to pool six of its operational and rented out malls to list them as a real estate investment trust (REIT) in India to raise close to Rs 500 crore in 2015-16, its chairman said. The company has 2 million sq ft of retail space spread across the six malls — two in Ghaziabad and one each in Noida, Meerut ...

Sobha launches ‘Sobha Dream Series’
Posted on Apr 24, 2015
Sobha Ltd. has launched one of its most distinctive projects, ‘Sobha Dream Acres, the first of its kind under its new segment - ‘Sobha Dream Series at Balagere, Bengaluru. This project is a unique residential development to cater to the aspirations of salaried professionals and perfectly suited to the requirements of nuclear families and those wh ...

A life of luxury and exclusivity awaits you in Pune
Posted on Apr 22, 2015
Innovation, exclusivity and luxury are fast-topping the checklist of things that people look for while buying a home. Your home is not just a place where you stay, but one that reflects your lifestyle. No wonder then that more and more people are leaving no stone unturned in finding themselves sophisticated and extravagant homes. After all, your ho ...

Building projects to be delayed as Maharashtra govt scraps Mumbai development plan
Posted on Apr 22, 2015
MUMBAI: The Maharashtra government's decision to put Mumbai's new development plan on the backburner and review it following large scale protests will delay permissions for building projects.Anshuman Magazine, Chairman & MD, CBRE South Asia Pvt. Ltd, said, "The biggest issue which will arise out of this decision is what will happen in the transitio ...

Piramal invests in ShriramProperties
Posted on Apr 22, 2015
After it invested in Shriram Groups financial services business, the Piramal group put in Rs 75 crore in Shriram Summit, a residential project coming at electronics city in Bengaluru, sources said. Shriram Properties is reportedly in talks with the Piramal Enterprises, ICIC Pru, Ask Property and others to raise around Rs 300 crore to support its R ...

RBI, lenders huffing & puffing over interest rate cuts
Posted on Apr 21, 2015
For Indias Central bank, the government and more importantly borrowers, its been frustrating. Much after inflation inched down — way below the projected trajectory of the Reserve Bank of India — and two interest rate cuts by the RBI, by 25 basis point each time since the start of the year, most local lenders have been unmoved.That was enough for ...

Goa's real estate scene harsh, makes afforable homes a dream
Posted on Apr 21, 2015
Top architects in the state claim that excessive speculative housing, which effectively means future housing prices driving a current demand for housing, and the trend of second homes need to be curbed by a comprehensive housing policy.Speaking to IANS on the sidelines of an international architecture forum in the state capital, former chairman of ...

Eden Group Launches New Residential Project - Eden Richmond Park!
Posted on Apr 20, 2015
Eden Group is the leading real estate company in Kolkata that has off late built a formidable reputation for itself in the reality business. They primarily focus on meticulous planning, place attention towards architectural variations and relies on the cutting edge technology. Over the years, they have delivered inexplicable products to hundreds of ...

Piramal now said to have invested in Shriram Group's real estate business
Posted on Apr 20, 2015
After it invested in Shriram Groups financial services business, the Piramal group put in Rs 75 crore in Shriram Summit, a residential project coming at electronics city in Bengaluru, sources said. Shriram Properties is reportedly in talks with the Piramal Enterprises, ICIC Pru, Ask Property and others to raise around Rs 300 crore to support its R ...

Golden Tulip Hotels expands footprint with launch of Vasundhara Delhi-NCR
Posted on Apr 20, 2015
Golden Tulip Hotels continues to expand its footprint in India with the launch of its new property - Golden Tulip Vasundhara Delhi-NCR in the premium and luxury category.Launched in 2007 in India, the company now has 17 operational properties all over the country and three new properties opening under four and five star categories this year, which ...

Hyderabad: Eastern suburbs offer new launches
Posted on Apr 20, 2015
HyderabadAre you looking for a new launch or recently launched project in Hyderabad? Chances are that you may come across some of these projects in the eastern part of the city. Why? Well, read on.Reeling under the pressure of unsold inventory, all prime developers have held back new launches in the city. However, certain locations in the eastern p ...

Delhi government lifts ban on illegal construction registration
Posted on Apr 20, 2015
Delhi/NCRDelhi government has lifted the ban on registration of properties that have been booked for unauthorized construction by the municipal corporations. The revenue department had imposed the ban through an order dated April 26, 2011. However, the government stated that illegal construction will remain actionable by the authorized agency. Also ...

Demand for office space up in south
Posted on Apr 20, 2015
BangaloreBengaluru south has been one of the major real estate hubs of the city, witnessing hectic development across all fronts residential, commercial and retail. Strong infrastructure and presence of preferred residential localities contributed to the development of this zone.Commercial development across Bengaluru south picked up pace with the ...

Investment in real estate plummeted 6% in 4 years: Poll
Posted on Apr 20, 2015
Investment attracted by the real estate sector from various public and private sources across India have declined by 6 per cent in the last four years, says a survey. The investment fell to Rs 14.3 lakh crore in 2014-15 from a level of Rs 15.2 lakh crore in 2011-12, the survey by Assocham said. Real estate projects involving about 76 per cent of th ...

Mahagun launches luxury housing project in Noida
Posted on Apr 17, 2015
NEW DELHI: Real estate developer Mahagun has announced the launch of a luxury housing project - 'M Collection' -- in Noida. It offers a bouquet of luxury and ultra-luxury homes - villas, villaments, condominiums and penthouses.Speaking at the launch, Amit Jain, Director, Mahagun, said, "We have been immensely inspired by the Czar of international r ...

Eiffel Tower at BKC by Kanakia Spaces
Posted on Apr 17, 2015
If not big enough to the size of actual masterpiece, it matches the touch of French elegance and art – our own Eiffel Tower at BKC. Touted as the ‘concrete jungle, Mumbai is fast scaling up with artistic display of creativity and Eiffel Tower at Kanakia Paris is one such initiative. The magic of metal is all set to enthrall Mumbaikars with its fin ...

Shapoorji Pallonji group offers to invest Rs 20,000 crore in Hyderabad
Posted on Apr 17, 2015
HYDERABAD: Chief minister K Chandrasekhar Rao's plans for a state-of-the-art Secretariat complex has received a shot in the arm on Thursday with real estate major Shapoorji Pallonji Group offering to build it.The company also expressed its willingness to construct the mega cultural hub, Telangana Kala Bharathi and a better road network for the city ...

Home loan rates get cheaper, but here's a trick borrowers need to know
Posted on Apr 17, 2015
The real estate industry as expected has gone gaga over these interest rate cuts. Getamber Anand, the president of Confederation of Real Estate Developers Association of India (CREDAI), told The Economic Times: "Single-digit home loan rates coupled with the festive season will surely bring fence-sitters to the market and boost housing demand from O ...




Recent Articles
Huge Demand for Affordable Housing Projects in Gurgaon and Faridabad - GenX Deals
Fadnavis says govt to ease norms if developers focus on affordable housing
Supertech may list six malls as REIT to raise Rs 500 crore
Sobha launches ‘Sobha Dream Series’
A life of luxury and exclusivity awaits you in Pune
Building projects to be delayed as Maharashtra govt scraps Mumbai development plan
Piramal invests in ShriramProperties
RBI, lenders huffing & puffing over interest rate cuts
Goa's real estate scene harsh, makes afforable homes a dream
Eden Group Launches New Residential Project - Eden Richmond Park!

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