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Low Cost Housing in Gurgaon

Gurgaon is known as that tech-hub in India that is developing like no other cities in India. Observation revealed that there is a 15 per cent increase in population every year recorded in Gurgaon. The real estate market though is sky-rocketing with expensive apartments, luxury homes, and bungalows. The property prices in Gurgaon increased three-folds in past 10-years because of major companies gaining base and people moving into Gurgaon. The rise in prices of residential properties in Gurgaon is much more than the commercial ones. Therefore finding low cost housing in Gurgaon is not an easy task. This is because maximum properties in Gurgaon are either over-priced or that there is less availability of low-cost homes in particular places. Many people moving into Gurgaon prefers budget homes in Gurgaon instead of the highly-priced ones. 

 
One of the major forms of low cost housing in Gurgaon is the rental property in Gurgaon. The rental homes are increasingly being considered by the resident as an affordable housing option in Gurgaon. The premier homes, residential complexes, and new projects are being offered on rent to those in Gurgaon who are willing to avail the low-cost rental homes in Gurgaon. Houses that are available on rent in Gurgaon are again priced lower than commercial complexes and shops on rent. If rent of a 2 BHK partment fo 700 square feet is priced at Rs 10,000- Rs 12,000 per month in Gurgoan market, same space commercial unit would cost a Rs 11,000 onwards and that too not in prime location. Prime business locations have a high rental rate for commercial properties.
 

Affordable homes in Gurgaon

 
Affordable low-cost housing in Gurgaon is the joint efforts of many. There is constant effort from the builders, building material, suppliers, and the Delhi NCR developing authorities. There are several low-cost home projects in Gurgaon pipe lined for the next few years. Some are independent homes and others apartments. There are low-cost housing schemes in Gurgaon that also facilitates the provision of low cost houses in Gurgaon for the low-income group. For whom under normal circumstances affording a home in posh Mumbai is nearly impossible. 
 
One of the remarkable low-cost housing projects in Gurgaon was proposed by the Falcon Realty Services. The proposal was made in 2009 with the lay-out of over 35 acres that would offer 360-square feet single bedroom apartments for Rs 5.5 lakhs. The Phase-I of the project Gulmohar Woods involve construction of 2,500 residential units for the middle and low-income families. The second phase would involve construction of luxury apartments, villas, farmhouses, and a global business centre part of the commercial designs in Gurgaon. 
 

Popular low-cost housing in Gurgaon

 
These projects changed the concept of affordable living in Gurgaon to a great extent. They have attracted residents who are willing to have a budget lifestyle with all the modern facilities. 
 
Vatika Next – There are apartments that begins with Rs 12 lakhs onwards and up to Rs 16 lakhs. 
ILD Spire Greens, Sector 37 C – Rents are from Rs 12,000 onwards and ownership from Rs 17 lakhs.
Siddharth Laguna Oaks, Sector 95 – They offer 2 BHK and 3 BHK apartments with Rs 23 lakhs onwards.
In the Raheja Vedanta, Sector 108, apartments are priced between Rs 20 lkahs- 35 lakhs. 
All complexes by the Falcon Realty group – Most modern studio apartments are priced at Rs 5.5 lakhs- Rs 10 lakhs with 550- 650 square feet.