Affordable Housing For Everyone In Urban Areasby Shalini Kashyap SEO Executive
As the home is one of the most basic needs of an individual. It is everyone’s dream to buy a house of their own. Most of the people living in metros like Delhi, can’t afford to buy a comfortable home for themselves and their family. For that, different schemes have launched by the government in the capital city of India.
People living in big cities always struggle to own a house of their own. Large entrepreneurs and people in business have that much money to invest in expensive real estate, while the mid-income group people still can only dream of a comfortable home. The cost of the flats in apartments and properties are skyrocketing nowadays. With an increase in the population, the demand for the living space is also increasing. On the other hand, the income of the middle-class people is not growing proportionately. They are still struggling with their limited income, do not able to invest in real estate. Therefore, the NDA government has launched schemes in Delhi to make housing affordable for everyone. Anyone from the city or outside of the town can now register under Delhi CGHS Yojna to live in the capital of India.
The current population of the city is 1.7 crore, the population is estimated to increase to 2.5 crores by 2021. Till now Delhi development authority can accommodate only 1.5 crore population. There are different schemes launched in every month to cover the rest of the population. Foreign direct investment in real estate sector made it easier to cover the gap of accommodation of 80 lakhs people in the city. And, the scheme is registered under cooperative group housing society based on Delhi Land Pooling Policy to cater to the buying need of the people. It is an excellent investment platform that will give a better return. Additionally, it provides people with their dream home at an affordable price.
How It Is Beneficial
Under Delhi CHS Yojna, the real estate development companies can purchase the properties or land from the farmers and landowners at their price. Then provide a blueprint to the owner on how much land the company will carry out the construction. The landowner will get the rest of the unused land. As per the rules, if the ground is not for construction, the real estate company will have to pay for the developing work as well as an apartment on that property.
Under the flagship project named Delhi CGHS Society, the apartments are available at an affordable price for everyone who wants their dream home to be at a perfect location. Moreover, real estate companies who invest in the project have an excellent opportunity to get a better return. The project caters the need of the people there as well as the real estate companies.
Many housing schemes are launched in the capital city for limited income groups. So, they can afford their dream home in the town.
Created on Jul 18th 2019 05:16. Viewed 99 times.
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