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Builders In Delhi NCR Ready - Tollybeats

Builders In Delhi NCR Ready

Updated | March 28, 2017 00:17 IST

This is a great time for cheap home builders and home buyers. To roam the spot, the builders are trying to make around one lakh apartments in the next two years in Delhi-NCR. Under the government promise to provide home to everyone, cheap economy homes have been given the status of infrastructure under the budget. Under this, the builders will get a loan at affordable rates. Taking advantage of this opportunity, the builders have been trying to complete the project of cheap homes in the next few years.

After the budget, the government had announced to give more subsidy to those who bought the house for the first time. At the same time, the government has increased the income limit to 18 lakh rupees. Under this, home buyers will gain an average of 2.4 lakh rupees. Under the Affordable category, Supertech, Signature Global, Gorsons, Raheja Builders, many other builders including BDI are planning to bring cheap regional projects.

Supertech is preparing to bring 40,000 cheap homes in NCR over the next few years. Supertech chairman RK Arora said that by 2020, the company will create 25,000 homes. The plan for second largest company Signature Global in the cheap home category is to build 30,000 apartments in the next one year. Managing director Pradeep Agrawal said that Signature Global has launched 7500 apartments in this category and is ready to launch 20,000 apartments by the end of next financial year.

Similarly, Gaurasan and Raheja Builders are going to launch 10,000 apartments in Delhi NCR. Many companies have kept their size on the same basis to include their old housing projects in the Affordable Housing category. Developers are working to keep the prices of these flats from Rs 15 lakh to Rs 35 lakh.

Signature Global Kake MD Agarwal said that the provision for cheap houses in the budget is creating an attractive environment for affordable housing. This will benefit both builders and buyers.