Why Affordable Housing Is the Real-Estate Saviour?

1. Why A?ordable Housing Is the Real-Estate Saviour? India is filled with too many real estate destinations now. There are more than one is prime cities and also a few in towns. One has to remember that real estate trends are very important in cities. And one has to keep in track what are the high demands. A?ordable housing apartments are in high demands now among most of the end users for the past few years. According to experts, this demand is going to be strong for long in future as well. So, the builders, and people who work in real estates are more invested in a?ordable housing now. Even a few years ago most of the residential projects concentrated more on what is expensive, and luxurious. These were made keeping in mind the current growth of population but mostly targeted towards wealthy individuals. But because of this, there where too many high-end developments that made excess supply over demand. Also, rising prices also made luxury house exorbitantly expensive that most prospective buyers had to let to go as it went out of their budget. At the same time there was growing demands of a?ordable housing for working professionals who come to a new city to work. Majority of them prefer to buy a?ordable, and smaller apartments. Real estate people observed this shift of preference sooner or later and started investing more in a?ordable studio apartments, and housing apartments. They now know that it will be bringing them good returns. Not only in India but in other countries also, the real estate market has changed dramatically in recent past years. And many other factors have played crucial role in there. Developers shifted their focus on a?ordable housing complexes because sales of luxury housing were dropping constantly. As population made their move to a?ordable places to stay – they started to build them. Several government initiatives came up to boost this segment of housing properties. As a result of subsidies – the real estate developers are also now able to o?er housing apartment at much lower prices. This is done precisely so that people can buy apartments according to their budgets, and can invest well in a property. A?ordable properties are hence appreciated faster by common people as compared to luxury properties. Most Tier 1, and Tier 2 cities are now more concentrated in undergoing real estate developments that are mostly a?ordable to middle class people. Investing in these properties mean there is lesser risk. It requires less capital and it will always guarantee high returns. Also, this is the most accessible option for the first-time investors. As there is inflated value now – the luxury housing has gone much higher than a?ordability margin. So, builders are announcing new a?ordable housing projects that can target people who really want to invest in a new place to stay. They are targeting the mid-level market that can actually see rise in sales. If one is interested in investing in an a?ordable housing property – then they can take help from Planet Smart City where one can get all the lists of the new apartment projects that are coming up.