The Pros and Cons of Gurgaon Affordable Housing Scheme: A Comprehensive Analysis
The Gurgaon Affordable Housing Scheme, launched by the Haryana Government, is a significant initiative aimed at providing affordable housing to the economically weaker sections of society. The scheme has been lauded for its potential to bridge the housing gap in one of India’s fastest-growing cities. However, like any other initiative, it has its share of pros and cons. This article provides a comprehensive analysis of the Gurgaon Affordable Housing Scheme, highlighting its benefits and drawbacks.
Pros of Gurgaon Affordable Housing Scheme
Accessibility to Housing: The primary advantage of the scheme is that it makes housing accessible to those who otherwise might not be able to afford it. The government caps the prices of these homes, making them affordable for low-income groups.
Location Advantage: Most of the projects under this scheme are strategically located near major business hubs, providing residents with easy access to their workplaces, thereby reducing commuting time and costs.
Quality Construction: Despite the lower prices, the quality of construction is not compromised. The government ensures that the buildings are constructed as per the prescribed standards and guidelines.
Government Subsidies: The government provides subsidies to the developers, which further reduces the cost of the houses. This benefit is passed on to the buyers, making the homes even more affordable.
Cons of Gurgaon Affordable Housing Scheme
Long Waiting Period: One of the major drawbacks of the scheme is the long waiting period. Due to high demand and limited supply, potential buyers often have to wait for a long time before they can get possession of their homes.
Limited Amenities: To keep the costs low, the developers often compromise on the amenities. These homes usually lack facilities like a swimming pool, gym, or a clubhouse, which are common in regular housing societies.
Small Size of Apartments: The apartments under this scheme are usually small in size, which might not be suitable for larger families. The lack of space can be a significant drawback for some buyers.
Resale Restrictions: There are certain restrictions on the resale of these properties. The owners cannot sell their property before a certain period, which can be a disadvantage for those looking for short-term investment opportunities.
In conclusion, the Gurgaon Affordable Housing Scheme is a commendable initiative that aims to provide affordable housing to the economically weaker sections of society. While it has its advantages like affordability, strategic location, and quality construction, it also has its drawbacks like long waiting periods, limited amenities, small apartment sizes, and resale restrictions. Therefore, potential buyers should carefully consider these factors before deciding to invest in this scheme.