Impacts of car parking boost on affordable housing Projects

Impacts of car parking boost on affordable housing Projects

A few months ago The Hindu printed an article in which they interviewed a few future residents of houses under affordable housing projects. On asking them if they were satisfied with their purchase, they expressed their worries about housing with no car parking area. While waiting to get the possession of the house, no parking area is a big put off for many of the buyers. Considering that public transport facilities are not highly developed in many sectors, a four-wheeler is the only means of commute for someone who wants to go to different places. But houses that do not offer a proper parking space for the vehicles would mean that the cars will be parked outside the houses or on the road. This will not just create roadblocks but also would also be a cause of increased thefts.

This problem makes it a matter of concern for not one single buyer, most of the dwellers who are looking forward to owning a home under the affordable housing scheme in gurgaon were put into deep thoughts by this issue until the Haryana government introduced an important amendment in their affordable housing act. Under this amendment incorporated by the Haryana government, all the buyers have been permitted one car park space for each unit. This amendment has given a huge relief to all the four-wheeler owners. From this amendment, both the builders and future house dwellers have benefited. Here is how:

Owning a Home under Affordable Housing Scheme

The affordable housing project is sure to gain a lot of popularity due to recent amendments that have been made. But along with the latest developments, most of the dwellers who have been expecting that they will have to pay some additional price must be relieved to know the rate would not be more than 5% of the cost of flat. A decision like that is very astonishing. With this amendment, the government has made it a point to improve the quality of affordable housing projects and that is one reason why once more affordable housing projects have become a topic of discussion.

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Through the introduction of this feature, the government has made affordable housing projects more approachable and best. Not just the buyers, even many builders have also shown their interest in the upcoming projects due to the introduction of this feature. And so in the upcoming years, it can be expected that more and more builders will take initiative under this scheme to join hands with the government and thus produce more housing projects under this scheme. Not just that, the buyers have also raised their hands and it is expected that the graph of house purchase under this scheme is going to rise in the upcoming two years. This fact has made this project even more likable and reliable.

Benefits of Affordable Housing with Car Park

Now that investors are ready to invest in this plan due to the new amendment, growth, and infrastructural development in many regions that were not touched yet can be expected big time. In Haryana, even the size of a project can now be expanded up to 30 acres which is a huge upgrade. This space is huge enough to encompass more units and work speedily towards achieving the target of housing for all. The provision that allows the inclusion of car parking space in the project will make more buyers come forward, thereby increasing the chance of acceptability by one and all. Along with the increased investors who are ready to rely upon and invest in the upcoming affordable housing projects in Gurgaon, we can expect that there is going to be a speed boost in the construction process as well. And housing projects on Sohna Road, Sector 85-98 and many other areas will soon be ready for possession. Further marking the success of this plan.

The best part is that now that there will be a rise in the number of buyers, a huge area of land will be allotted to affordable housing project plans and many big builders will also involve themselves in making this plan flourish.

Newly launched project under affordable housing: GLS Avenue Sector 81 Gurgaon

The parking amendment is sure to boost the enthusiasm of both buyers and builders and that is why it is sure to prove as a successful amendment.