In simple words, Affordable Housing Projects In Jodhpur is a house where you spend about 30 percent of your income on rent and utilities. For example, if you earn 10000 rs per month, there should be a plan to pay no more than 3000 rs on housing. And there are mainly two ways to make housing more affordable: either people’s incomes go up, or their housing costs go down or sometimes both.
Ashapurna Buildcon Limited is dedicated to improving the home buying experience throughout Jodhpur city with efficient services and fast response time. According to real estate analysts, due to population growth, affordable housing projects in Jodhpur are expected to continue to grow in the next few years.
Recently the PM of India launched an initiative to provide ‘housing for all by 2022’, according to sources. There will be a shortage of 11 cr housing units by 2022. In contrast, the current shortage is of 6 cr units; the key reason for increasing in shortage from 6 cr in 2014 to 11 cr in 2022 is the rapid pace of urbanization and increasing middle-income segment in India, especially after the global pandemic, approximately one-third of this demand is expected in the affordable housing segment.
In short, there is an existing shortage of 2 cr units in the affordable housing segment, which will increase to approx 3.66 cr. As per the census of 2011, 31.16 per cent of India’s population lives in urban areas. By 2030, India’s 40% population is expected to reside in the percentage of the urban area.
To summarise, rapid urbanization and growing middle-income groups will create a huge demand for Affordable housing projects in Jodhpur.
Real estate in Jodhpur is one of the most steady real estate markets in the country. Driven by economic growth, increasing disposable income, changing lifestyles, and a multicultural population with good social infrastructure, the demand for affordable housing segments is increasing across the country, but here lies the problem: most of the buyers confuse themselves between low-cost housing and affordable housing.
Low-Cost Housing Vs Affordable Housing Projects
Affordable housing does not mean low-cost projects and vice versa. Many builders, in particular the smaller ones, mislead customers by positioning low-cost projects which are obviously of poor construction quality to counter the affordable housing project.
Small-time builders know that if they position their project as a low-cost project, then it will backfire. The best way to market this project is to term it as an affordable housing project.
To summarise, low-cost housing projects and affordable housing projects are completely different from each other, differentiate between the two: low-cost housing is purely linked to the pricing , where affordable housing is linked with the income level, size of the housing unit and affordability. This is the reason for mentioning at the beginning of the host that only a handful of projects are truly affordable, housing units between 600 to 1200 sq ft targeting the segment with an income level between 3 to 10 lakhs per annum, wherein the EMI to monthly income ratio is up to 14% can be termed as affordable housing for MIG segment.
Ashapurna Buildcom Limited Is One Of The Best Affordable Housing Projects In Jodhpur
Ashapurna Buildcon – the top builder in Jodhpur, helps people find properties of interest and obtain property information clearly and transparently. Whether you want to buy top residential projects in Jodhpur or sell an existing Jodhpur Property, we have an extensive list of locations and projects to keep you up to date.