Affordable plots in real estate industry which was touching new highs in the first decade of the century, has gone through a lot of turbulence in the last few years. Earlier people saw real estate investment as one of the best and the stable form of investment. But in recent years, the confidence of not only the investor but also the end-user is shaken. This is because, along with a fall in the real estate prices, there were quite a few real estate projects in the country that defaulted and failed to offer possession by the committed date. However, even though the reason was, in most of the cases, not the immoral intention of the developer, but a change in government norms and policies, the trust and faith of homebuyers in Real Estate developer has diminished for this affordable residential plots are a safer bet as explained below.
Now people are looking for safer investment options. Where the confidence of the homebuyers and investors is shaken in under-constructed high rise towers, they are now eyeing at the Affordable Residential Plots project as it seems a safer bet.
Affordable Residential Plots
The best option in affordable residential plots for a smaller investment (from around 25Lacs to 50Lacs) is affordable residential plots under Haryana Govt’s DDJAY (Deen Dayal Jan Awas Yojana) policy under Affordable Housing scheme . DDJAY Plotting offers several advantages, some of which includes
- Smaller Plot Sizes available (which makes it more affordable)
- Stilt+4 Floors Allowed
- Floor-wise Registry Allowed
These benefits make DDJAY plotting a lucrative option not only for the end user but for the investor as well as they can now now construct 4 floors and get their return by selling 3 and using one for their personal use. Investors also prefer to construct and rent out 4 floors to generate a steady source of income in affordable residential plots
Some of the reputed developers have launched DDJAY plotting project. One of the most promising of these plotting project is Springwoods City in Dharuhera. Some of its promising features are
- It is in a Gated Colony
- It has Freehold ownership
- Premium location just few minutes away from NH8
- It has a direct entry from 75m wide expressway
- No Land filling is required in this project as it is roughly 2 feets above the 75m road level, which is not case with other plotting projects in the vicinity that require land filling (which costs ~Rs500-600/Sq Yard)
- premium location with luxury group housing, Casa Romana in close vicinity
- Located in an upcoming area of Dharuhera which is central to Manesar, Bhiwadi, Tapukra, Bawal, Neemrana with a very access to NH8
All these benefits makes Springwoods City one of the best and the safest option, in this turbulent market, for the homebuyers
