With government major policy reforms like RERA, GST, and Housing for all initiative, today even a mid-segment buyer can think of buying their dream home. Whether it is a tier-1 city or tier-2 city most of the developers are focusing on the development of affordable homes that are in reach of maximum homebuyers.
Nallagandla is one of the most popular localities in the West Hyderabad which has become a hotspot for residential investment in recent times. Due to its smooth connectivity to other parts of the city and presence of several IT companies, Nallagandla has seen an influx in the housing demand by many salaried class professionals.
Let’s take a look at some of the major factors which makes Nallagandla a realty hotspot:
In order to boost the affordable housing segment across India, the Central government has already announced many schemes to provide housing to all. Even the real estate sector is happy with this initiative as they are getting good capital appreciation and healthy returns. Apart from this home buyer across the country are also seeing growth in the affordable housing sector which was very less in earlier times.
Affordable housing is targeted towards a particular section of society which generally include lower and middle-income group. However, there are various factors which play an important role in defining the affordable housing for example household income, location, price, size of dwelling units, employment opportunities, government incentives, etc.