Buying a house in ‘Sabna’ in Metro Cities
In the country’s metro cities, the prices of the house have increased so much over the past few years, and the dream of taking home here is only a dream for the public. The condition has changed the condition that even the affordable home (affordable house) is not affordable for people. The situation in the largest cities of the country is that it is very difficult for the middle class to get an affordable home.
Land prices in the sky
Over the past few years, the lack of land in Metro has been touched by the cost of houses and the price of houses. At the same time, rates of cement, steel and other construction materials have increased significantly.
After all, why is it difficult to find an affordable house? Aj Tak Dhag spoke to Digital Property Expert Pradeep Mishra. He says, ‘Economic housing is a fundamental need for middle class and lower class families, especially in the Metro cities, especially people looking for homes that fit in their budget. This house is the basic need of everyone and most of the country can fulfill its dreams through affordable housing. However, over the past few years, the price of houses has increased by 40%, which has increased demand for affordable homes, but their supply is declining.
Builders make premium and luxury homes
The preferences of real estate developers are now more than premium and luxury plans because they are more profitable than this. Developers are more focused on such projects because they are more profitable from luxury and middle -class homes than affordable housing projects. This has reduced the project of affordable houses, and it is difficult for people to buy their dream home. Such people who want to take loans on a low budget have expensive options in the market. Debt interest rates are high from above, and in such a situation, the middle class people are unable to buy homes.
What are the options?
What do people looking for an affordable house do? In response to this question, Pradeep Mishra says- if you are looking for an affordable house, some important things should be in mind. First, assess your budget correctly and make sure you can pay EMI for home loan according to your salary. Second, hold an eye on stability or feasibility of stability or fall in property prices, and, in addition, try to use government -run residential programs such as Prime Minister Awas Yojana, and you can get the subsidy from these schemes, which can reduce your financial burden.
Over the past few years, people from all over the country have been looking for employment and better lifestyle in Metro cities, which have increased the demand for homes, but no new programs have been made to meet the needs of the people.
