Today owning a home is a dream for many Indian families. There are two main reasons why people want to buy a home. First, it gives them a secured feeling; they no longer have to adjust to the stringent rules of rental home owners. Secondly, a private home could be a great investment for the future. A house that’s priced at 10 lakhs (INR) today could be sold for as much as twice the amount in about 5 years.
Thanks to the affordable projects undertaken by some of the leading home developers in the country, the hopes of buying a home at affordable rates are still alive for many Indian families. Investing in a Commercial property in Delhi is a great option to consider. This is because buying a commercial property in a metropolitan city can give you a great value for money and high return of investment in the future. Let’s now take a look at some of the affordable Delhi NCR projects.
Before that, if you are perplexed by the term NCR, then let’s start off by describing it in a few words. NCR is the acronym for “The National Capital Region”, India. It includes the metropolitan areas of Delhi and its neighboring towns that encompass Noida, Greater Noida, Faridabad, Gurgoan, and Ghaziabad.
Affordable Delhi NCR has become the norm for public and private realty sectors in and around New Delhi. Leading builders like Unitech, BPTP, Ansals, Vatika Group, Skytech, and Siddarth Buildtech offer affordable family-friendly homes in Delhi NCR with prices ranging from 7 lakhs to 25 lakhs. Also some of the top public sector housing developers like NBCC and DDA are also undertaking various Delhi NCR projects to meet the ever-increasing demands of home-loving people.
The journey for real estate developers has been quite smooth post recession in early 2009. The attractive loans rendered by the banks have encouraged real estate developers across India to expand their wings into various Delhi NCR projects. From luxury homes to penthouses to affordable apartments, numerous projects have been undertaken and completed successfully. Let’s take a look at some of the major projects undertaken by various realties since 2009.
Luxury apartments Noida is being offered by Ansals Megapolis. Currently on offer are single bedroom apartments (800 sq. ft.) ranging from Rs. 8 lakh to Rs. 12 lakh, double bedroom apartments (1000 sq. ft.) priced at Rs. 18 lakhs and triple bedroom apartments (1500 sq. ft.) at Rs. 25 lakhs.
Property in Delhi NCR is bolstered by projects near Chattarpur Mandir, Mehrauli undertaken by NBCC housing authorities and developers. The estimated price ranges for the apartments are: Rs. 20 lakhs for a double bedroom flat, Rs. 30 lakhs for a triple bedroom apartment, and Rs. 40 lakhs for a four bedroom apartment.
In addition to the ones mentioned above, so many other Delhi NCR projects are in progress. If you are looking for an affordable home in or around Delhi then the best thing you need to do is compare the offers from various realties and choose the one that best suits your budget and convenience. Some of the important factors you need to consider before buying a home are location, price and facilities. Choose the home that best suits your needs and have a peace of mind!