Wary Investor interested in affordable housing, but buyers needs to make careful considerations
Ajnara India Ltd bought an apartment in an affordable housing project in Ghaziabad UP the project is expected to get completed in 2020.
“I am not bound whether or not i will be able to board it once i purchase possession, but I believe if I decide to sell it, I will make good returns over the
investment because there is no other project is this price range in Ghaziabad UP,” One of the customer said. Budgeted flat in Ghaziabad.
Ajnara is not the only one who thinks affordable housing projects are good investments. In the last few years, affordable housing became the silver lining for the realty sector that has given negligible retunes in the last few years.
BUDGETED FLAT IN GHAZIABAD SUPPLY AND DEMAND
In the last five years, real estate has witnessed continuous fall in demand, with the exception of affordable housing or budgeted flat in Ghaziabad, which prompted same developers to launch projects in this segment.“The important trend is that the share of recent cheap offer has been rising since 2015.
Interestingly, due to multiple sops being offered by the rising demand from ‘real’ users, developments are launching more units in the affordable housing category,” As a result, since 2017, the share of affordable units has dominated the overall supply in the residential market-45% in 2017 and 40% in 2018, Budgeted flat in Ghaziabad.
According to a half-yearly (July-December2018) report by Knight Frank Asian country, a real estate consultancy firm,” during the period, 60% of all launches were within the 50 lakh bracket and most
developers square measure concentrating on the cheap and mid-range section.”
Regardless of the launches, demand is still much higher than supply.
Budgeted flat in Ghaziabad “Inexpensive housing witnessed a growth of twenty-two on sales throughout 2018.
Even this range isn't huge as a result of there square measure solely a couple of developers during this section at the moment.
Demand is huge and supply is limited. Once more developers start offering projects in this segment, it will witness wonderful growth.”
Most experts believe that supply in the affordable housing segment will improve as developers are now focusing on the segment. “Developers have realized the potential of flow and mid-income ticket sizes and have been rationalizing product portfolio to match underlying end-user demand.
The trend can continue within the medium term also,” Budgeted flat in Ghaziabad.