The Rise of the Budget Home

May 01,2019 in

Artistic ImpressionThe Rise of the Budget Home

Builders developing projects in the Luxury, Value and Premium segments have started to move towards Affordable homes - a highly price sensitive segment categorised by smaller unit sizes, frill-free projects and of course as the name suggests - highly affordable costs. There has been a recent discovery of a mammoth demand in this segment. This has begun to translate into the gradual proliferation of smaller-sized units on the outskirts of cities.

The centre announced a credit linked subsidy scheme where the first 6 lakhs of a borrower’s loan amount will be priced at 6.5% as against the usual loan rate of over 9.20%, provided the person meets certain criteria.

It is estimated that there is a shortage of almost 20 million units for lower and middle-income groups across the country. Housing units with carpet areas of not more than 323 so. ft. in metros, and 646 so. ft. in non-metro areas are considered good bargains.

Quick fact: The demand for affordable housing is over 500% of current supply as compared to luxury or premium housing units.

In order to keep the cost of the projects down, and make them more and more Affordable, builders are doing away with amenity add-ons like swimming pools, tennis courts and gymnasiums, which most people don’t use much anyway. The emphasis is basically on functional homes that are highly affordable on a limited budget.

Buyers on their part have shown a willingness to relocate to the outskirts in order to own their own home. And while this is good enough for builders to go ahead full steam with their plans, this should definitely serve as a signal to all the governments, to develop faster and safer commuter routes to city and business centers.

Adani Realty has 2 brands of Affordable housing with projects across the country - Pratham, Aangan. The projects offer all the basic comforts of living and conveniences such as proximity to markets, a community garden, wide access roads, decent locations etc. at extremely affordable rates.

Residential Projects by Adani Realty -

Amogha | Aster | The North Park | Water Lily | Platinum Tower at Oyster Grande | Oyster Grande | Samsara Vilasa | Samsara (M Block) | Aangan | The Views | Monte South | Atelier Greens

Looking for dream spaces, not sure where to start?

Leave us a query and our representative will get back to you.

Disclaimer

The Adani Realty expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this Blog. The content of this blog is collation of data from various sources and is provided only for information purpose only and Adani Realty does not canvass the particulars, information, brand or any other materials mentioned in the blogs nor does it obtain any monetary benefit from the same.The Adani Realty shall in no circumstance be held liable for any expense, loss or damage including, without limitation, direct, indirect or consequential loss or damage, or any other expense, loss or damage whatsoever arising from the use of data, information, interpretation, judgement or opinion arising out of or in connection with the use of this Blog. Reader is advised to read and apply his/ her intellect and discretion in this regards.

  • Years Young
  • Mn. Sq. Ft. Area Developed
  • Mn. Sq. Ft. Area Under Development
  • Awards Won
  • Happy Families