Parking Space Announcement- Would it impact the affordable housing sector?


Posted March 1, 2021 by CSlandtraders

Gurgaon is a hotspot for developing residential projects.

 
In December 2020, the Haryana Government had a significant announcement to make – one that would significantly impact homeowners' decisions interested in investing in residential projects in Gurgaon. The announcement was about parking space in affordable housing projects – a persistent gray area that often becomes the point of contention between prospective home buyers and developers. The Government has decided to give a significant concession to home buyers in Gurgaon in the affordable housing segment that involves low-budget flats.

Affordable Housing Policy 2012 – amendment
The Government has now announced that henceforth every home buyer will get one car parking space free with each unit they buy. It is a boon for the buyer because today, most families have at least one car, and every family needs a safe, secured place to park the car. The issue with the affordable residential projects in Gurgaon for the past so many decades has been the shortage of parking space that may not have been a prime factor for a buyer some fifty years back, but today is one of the most prominent aspects that home buyers look for. Now, all developers of affordable homes will have to create reserved parking for buyers because of the amendment. That is a big relief for modern-day buyers.

Gurgaon is a hotspot for developing residential projects.
As we all know, Gurgaon, the Millennium city of India, boasts of some of the most premium housing complexes in the northern part of the country. Like Ambience Creacions, most of them are high-end lifestyle-oriented housing apartments with landscaped gardens, marble flooring, double and triple-layered security, apartments fitted with modern amenities and services, and more. The Ambience Creacions Gurgaon Price starts from INR 1.6 crore onwards. It indicates that such premium apartments are priced on a higher side that can be a bit expensive for home buyers looking to buy houses at reasonable rates.

However, the affordable segment, which is priced reasonably, is a different story altogether. The flats come with decent amenities and services and are priced affordably. However, one central pain point with such housing has been the parking space always. Now, with this announcement, homebuyers can buy homes in such residential projects in Gurgaon and not fret about the parking space anymore. They can now avail the Government's friendly policy and at least get one parking space with the flat.

Thanks to this amendment in the affordable housing policy, many homebuyers can now put their money into upcoming projects in Gurgaon. People who lived in adjoining areas of Delhi, Noida, and Ghaziabad and had to travel up and down from office to their homes daily can look at various housing options here and invest in Gurgaon, thereby helping them live a better and more comfortable life.

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Tags ambience creacions gurgaon price , residential projects in gurgaon
Last Updated March 1, 2021