The term affordable housing scheme means making available low budget housing or low cost flats and apartments to the middle income group. A number of schemes are developed to fit in the budget of the people who want to own a house. It is a fact that property rates are on its rise and are predicted to increase with the passing of each day. To own a house in places like Mumbai, Delhi or Bangalore seems to be out of reach. But a number of builders have now started working towards this problem faced by most of us. The builders plan out a plant layout in the outskirts of the main city. No place remains a barren land for life. As developers start there development, the place becomes as busy as other streets in the city. Although, the occupants may face initial problems like transport or availability of basic aminities; these problems are short lived.
National Building Construction Corporation is the first initiative taken out by the Government of India in order to provide affordable housing in India. Under this scheme, there will be around 1300 houses in the first phase of NCR - Nodia Ghaziabad and Gurgaon. This scheme also offers three to four bedroom flats in the range of Rs 25 lakhs to Rs 40 lakhs. House specifications will not be compromised and they will be take care of all the other benefits offered by private builders. After establishing itself in the region of NCR, it will then be spread to the rest of the country. The second phase of places include cities like Kolkata, Cochin and Patna.
The entire process of acquiring a land, building up low cost houses and then handing it over to the prospective customers will be transparent. There will not be any hidden charges above the rates mentioned.
The recent economic crisis has hit almost all the sectors and one of the sector to get badly affected is the real estate sector. But inspite of the economic melt-down, the NBCC affordable housing scheme plans to extend a helping hand to its future customers.
