Affordable housing has always been a popular option for purchasers. Still, the reason why many developers have started to show interest in DDJAY plots in Gurgaon is an intriguing one in and of itself. This paradigm shift has a justification. A market where only the wealthy could afford to buy is becoming a real estate hotspot for mid and low-segment purchasers.
What is Deen Dayal Jan Awas Yojna (DDJAY)?
Through an accommodative framework policy, the Haryana government launched the Deen Dayal Jan Awas Yojna (DDJAY) to promote medium to low-potential areas rather than very dense colonies.
The Deen Dayal Jan Awas Yojna Scheme comes under the Pradhan Mantri Jan Awas Yojna. According to a study, most DDJAY plots in Gurgaon are sealed by investors and builders due to Jan Awas Yojna's ease of home ownership and finest investment opportunity.
Benefits of Buying DDJAY Plots in Gurgaon
Here are some advantages of buying plots under Deen Dayal Jan Awas Yojna:
Home Loans- You can easily apply for a home loan for 2 BHK apartments in Dharuhera under the DDJAY if your yearly salary exceeds the threshold. Additionally, the government has certified the land. As a result, processing the loan takes less time. You can receive subsidies and cheap interest rates while receiving loans up to 100% for buildings and 80% for plots. It becomes easier for you if you are planning to build a 2 BHK in Dharuhera.
Tax Relaxation- Capital gains are not subject to taxation. You can now get tax relief by investing your proceeds in other properties while selling an old or any property. Many realtors have praised this function as a vast relief that could entice individuals to invest in real estate.
Government Certification- The government verifies each project covered by the policy. Builders must now get government approval before beginning a project to obtain a license. Only after receiving this approval may builders start the project. Additionally, builders must obtain an occupancy certificate to continue selling 2 BHK apartments in Dharuhera after completion.
Price range- This project aims to build low- and medium-cost homes for municipalities. Therefore, any project covered by this policy is within budget. The cost of affordable 2 BHK in Dharuhera shall not exceed INR 65 Lacs for metropolitan areas and INR 50 Lacs for non-metropolitan areas, according to the RBI, which considers the median income. M2K India can help you find an ideal property for you.
No comments yet