The affordable housing demand has increased in last new year. The reason behind it there are not number of luxury home buyers in the market. Most of people are belong to middle class who want a better residence on affordable rates. I would like to share few point how investment in affordable housing is good decision:
People finding affordable:
Most of home buyer are from middle class. They are doing jobs, small business and senior citizens who are looking affordable houses in there local areas. They are not able to purchase luxury home because it is not suit there budget. So they prefer to buy 2 BHK apartments in zirakpur.
Reduce Risks and Increase Profit:
Real Estate Builders have to find home buyer while construction time. I noticed 1,2 BHK flats get booked before construction completed as the comparing with 3/4 BHK luxury homes. Builder want to collect money from their buyer on construction time so that they can invest it in their projects.Builders don't want to take risk of less home booking in today critical economic conditions.
Easier Approval & Less Expenses:
These properties are designed to help citizens get easier housing approval. Also it is not easy to clear paperwork for home buying. A lot of taxes, property fee and many expenses include in home buying that all are based on your house price.
