RISE OF AFFORDABLE HOUSING IN REAL ESTTE MARKET| EVERYTHING ABOUT HOUSE

According To Anarock’s Consumer Sentiment Survey, Top Seven Cities in India have a stock of over 2.27Lakh units in the Affordable category. Affordable Properties (around 45 Lakhs) emerged as the most prominent Post-Covid Investments. Even, Top Developers are now coming forward to the affordable segments.

Out of All Reasons, Here are a few things that drive People towards the AffordableHousing is:-

TAX BENEFITS:-

After Union Budget 2019, Central Government announced tax deductions of 1,5 lakh for Home loans to Purchase affordable Housing. Owing To the Extension of benefits by the government pulls in the crowd towards the Affordable Housing Market.

INVESTMENTS:-

For Investors Keen on earning rental income, Affordable Homes are turned out to be a good deal with the return on Rental Investment Percentage between 5 and 7 percentage depending on Location, Property type etc.,

GST BENEFITS:-

In the case of Affordable Housing, GST has been calculated as 1 % while for other segments it’s 5 % which is added benefit for the consumers.

Although, the Availability of Low house land has been an issue for the development of affordable properties in urban areas. The increasing demand for Affordable housing paves the way for the blooming of budget homes in the upcoming years.

Originally published at https://everythingabouthousenow.blogspot.com on May 14, 2021.