The growth of affordable housing Gurgaon in recent times has surely been impressive. Alongside the increase in the number of newly launched affordable projects, investments in this segment have grown as well. However, a major section of the investors is still skeptical towards the idea of investing in affordable properties. This explains why investments in the affordable segment are lower than expectations despite the property class being popular.
One of the major reasons behind the investors being hesitant to go for affordable properties is that they are unsure of the stability. The affordable segment primarily caters to home seekers from low-income groups. The investors find it risky to rent out properties to such tenant profiles. However, they often miss the point that the chances of finding tenants are far higher in the case of affordable homes. The affordable housing segment has displayed great stability when it comes to rental income, as the lower rental rates ensure a constant supply of tenants. Thus, affordable homes ensure higher occupancy rates and lower volatility.
Since long back, affordable homes were considered to be of far lower standards than regular homes in terms of lifestyle. Indeed, those housing projects lacked most of the modern amenities. However, HUDA affordable homes in Haryana launched under the affordable housing policy come with plenty of sophisticated amenities. This makes it easier to earn profitable rental returns as people tenants would be willing to pay higher for a better lifestyle.
The market for rental homes at affordable rates has significantly grown. This is particularly a result of the growth in the commercial sector in Gurgaon. With the job prospects and business opportunities rising, an increasing number of young professionals have started migrating to Gurgaon. Such employment hubs are typically known to be great locations for real estate investments as a major section of the migrating professionals seek rental accommodation. The homes covered under the scheme for Haryana affordable housing Gurgaon have become popular options among these property renters.
Generally, the property price trends in a locality are a key indicator of the potential profitability of homes in that region. The complexes covered by this best affordable housing projects scheme in Gurgaon are located in rapidly developing localities where the property prices are rising fast. This adds value to the properties over the years and makes it possible for the investors to earn increased returns on investment. Even if one sells out such a property in the future, it would fetch a approx price.
The affordable prices of the properties ensure low risks for the investors. Thus, for first-time homebuyers who do not possess much experience in real estate investment, these properties are safe options. The HUDA affordable housing scheme also ensures easy payment plans, including a feature that allows the buyers to pay for the new home in instalments over three years.
Judging from all these factors, it is needless to mention that the investment opportunities in the affordable segment are immense. Investors may consider going for this property class without any worries.