Affordable housing has been the favored choice of a lot of homebuyers for years. However, there has been a significant increase in the number of luxury projects over the last few years. These projects are opening a broad range of housing opportunities for homebuyers falling in the mid-segment.
If we look from the point of key differences between affordable and luxury housing, pricing is the major differentiator. A luxury home usually starts from Rs. 1 crore and there is no upper limit to the pricing. On the other side, affordable homes have an excellent demand from the middle-class pool. Prices of these homes vary from location to location, usually, they fall in the bracket of 25 lakhs to 40 lakhs.
Amenities are also one of the differentiators in this segment. A luxury home definitely provides an array of amenities to its residents like Gym, swimming-pool, Cycling Track, Tennis, Badminton, Cafe and Bar, Spa & Sauna, Bar & Restaurants, Coffee Shop, etc. On the other side when it comes to affordable homes you get very limited and basic amenities like kids’ play area, Gardens, etc.
Another differentiating factor is size & space on offer. Luxury homes are bigger in size and provide more space both internally as well as externally. When it comes to affordable homes, there is a limitation to the size of the apartments as well as the size of the overall project.
As per the Union Budget 2019-20, there are some financial benefits that are provided to the affordable home buyers. There will be tax benefits specifically provided under this segment to the home buyers. They will be able to save more on tax if going for a home loan for an affordable home. There is an exemption on the notional rent as well from the second property. Earlier it was applicable and attracting tax payments. When it comes to luxury homes the tax implications will be there as the home buyers will exceed the amount of investment, as well as their income group, is also on the higher side.
High-end luxury projects target at High Net worth Individuals. The people who want the best that they can buy. These properties designed and crafted in a manner to provide maximum comfort and a high level of living. These homes provide a welcome experience to the residents and also elevates the quality of life. Moreover, these projects are located at central locations with important places like business centers, railway stations, and airports in the vicinity.
Here is the list of some affordable and Luxury Housing projects available in Gurgaon
Affordable Housing Projects in Gurgaon
- MRG World the Meridian 89
- Pyramid Pride Sector 76
- Pyramid Heights Sector 85
- Mahira Homes 103 Sector 103
- Signature Global the Millennia 2
- Signature Global Sector 79
- Mahira Homes Sector 68 Gurgaon
- Signature Global Orchard Avenue
- Supertech The Valley Gurgaon
- Imperia Aashiyara Sector 37C
- Suncity Avenue Sector 76
Luxury Residential Projects in Gurgaon
- Hero Homes Sector-104 Gurgaon Dwarka Expressway
- Shapoorji Pallonji Joyville Gurgaon, Sector-102
- Ats Greens Projects – ATS Grandstand, ATS Triumph, ATS Tourmaline
- M3M India
- Sobha Limited
- Godrej Air Gurgaon, Sector-85 Gurgaon
- Emaar India
- Tata Housing
Many developers such as Hero Homes, Shapoorji Joyville, ATS, Godrej, and M3M have launched Luxury projects in Gurgaon Dwarka Expressway with the best reasonable price for its customers. You will get an option of 2BHK and 3 BHK in different sizes basis on your requirements starting from 65 lakhs onwards. Gurgaon Dwarka Expressway has become one of the most significant areas of Gurgaon that is going to be the favorite place for home seekers and investors as well as.
To sum up the entire discussion, both affordable and luxury housing have different audiences. As both, the segments fulfill the need in a respective manner. Financial capabilities are definitely an important aspect while deciding on which segment you want to go for. Every individual has a limitation when it comes to spending money to buy a home. Other than that, expectations also help in deciding the relevant sector. Expectations will be in terms of the benefits and facilities you are getting in both the segments.