NCR to get budget-friendly homes

Affordable, small-sized units to get a push in Delhi NCR

Published on: Dec 14, 2015, 16:12:25 IST

By Vandana Ramnani

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Interestingly, a slew of developers in Delhi-NCR have studied the market well and have started launching units in the affordable price range.

The Amrapali Group recently launched High Life 2 in Greater Noida which will comprise 522 units of 1BHK configuration. A 585 sq ft unit will cost the buyer around Rs. 25 lakh.

Gaursons also intends to launch 650 units in its existing project in Greater Noida West (Noida Extension) in the price range of Rs. 15 lakh to Rs. 20 lakh in a couple of months. These units will be of sizes 450 sq ft, 550 sq ft and 750 sq ft, informs Manoj Gaur, CMD, Gaursons.

Sun City Projects has also recently launched an affordable housing project in Sector 102, Gurgaon. On offer are 670 units comprising 2BHK units of sizes 518 sq ft to 532 sq ft spread across five acres. The price of these units start at Rs. 21 lakh.

“With the government focusing on affordable housing and providing incentives to developers in the form of no license fee and relaxation in terms of external development charges, this format will call the shots going forward. We will be launching one more project in the same format,” says Ankit Goel, director, Sun City Projects.

“Our plans are sanctioned and construction will begin after the draw. We hope to finish the project in three-and-a-half years,” Goel adds.

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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