Affordable housing is a dream come true for middle class section. Concept of affordable housing is like a windfall for all those who are yearning for their own house. With maximum number of people having their own house prosperity of India will be multi fold.

1. AFFORDABLE HOUSING
& its future in India
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The Concept of Affordable Housing
• Affordable housing caters to the lower
and middle income groups earning less
than the median household income
(1.3-3 lakh annually).
• The monthly carrying costs of
affordable houses should not exceed
30-35% of household income.
• These homes range in the price
bracket of Rs. 20 - 50 lakh with 300 to
600 sq. ft. of area.

3. Need for Affordable Housing in
India
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• As per 2011 census, urban population is
accelerating at a CAGR of 2.8% leading to
shortage of land and housing.
• Excessive urbanisation and skyrocketing
property prices have forced people to live in
slums in deteriorating living conditions.
• According to the 11th Five-Year Plan 2007-
2012, India has a shortage of 26.53 million
homes.

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• Cities like Delhi NCR, Chennai,
Bengaluru, Mumbai, Kolkata and Pune
need 5,34,400 housing units.
• It is clear that affordable housing is the
only way the government can fulfill its
dream of providing ‘Housing for All by
2022’.
• Minimum requirement of 30 million
houses by 2022.

5. Characteristics of Affordable Housing
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A JLL report titled “Affordable Housing in India”, has
attributed certain features to affordable housing units.
• A minimum carpet area has been assigned to these
dwellings for different population sections.
-Economically Weaker Section (EWS) - 250 sq. ft.
-Lower Income Group (LIG) - 300-600 sq. ft.
-Middle Income Group (MIG) - 600-1200 sq. ft.

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• Should have basic amenities such as power and water supply and sanitation.
• Provision of civic amenities such as schools, parks, healthcare, etc. either within the project or in
the neighbourhood.
• Located within a 20 km radius of workplaces with decent connectivity to public transit hubs.
• EMI should not amount to more than 30-40% of the buyer’s income.

7. Stakeholders of Affordable Housing
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The 3 major stakeholders in affordable
housing segment and their roles:
• Government: The Government of India
has taken measures such as subsidizing
interest rates on loans, increase in floor
space index (FSI), exempted profits from
housing projects of taxation, and
launched a major initiative of providing
housing for all Indians.

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• Real Estate Developers: They are now
launching projects within the same price
range and have even agreed to operate on
lower margins. Developers like DLF and Tata
Housing are working to provide affordable
housing units in the coming 4 years.
• Financial Institutions: Banks have agreed to
fund suitable affordable housing projects and
many microfinance institutions are funding
EWS housing units.

9. Budget 2016’s Impact on Affordable
Housing
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Many experts are looking at the Union Budget 2016 as one great thrust for
promoting affordable housing in India. Some measures announced in the
Budget 2016 will have a definite positive impact on the affordable housing
segment and will go a long way in assisting the Government of India’s initiative
of providing ‘Housing for All by 2022’.

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• Firstly, 100% deduction on profits will be given
to firms undertaking the construction of
housing units measuring 30 sq. meters in the 4
metros and up to 60 sq. meters in other cities.
• Developers will not have to pay any tax on their
profits encouraging them to launch more
affordable housing projects.
• This will also help in providing housing
facilities to the masses.

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• First time home buyers will get an
additional deduction of Rs. 50,000 on
home loans up to Rs. 35 lakh
annually.
• This measure will be applicable on
houses costing up to Rs. 50 lakh.
• They will also get service tax
exemption allowing many families to
get a roof on their heads easily and
within a relatively lower budget.

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• An exemption on Ready Mix Concrete that was announced in Budget 2016 will lower the
construction of costs of housing units, benefitting the developers at large.
• The government allocated Rs. 2.18 crores for promoting economic and infrastructure
development in a sustainable manner.
• These measures will encourage the growth of affordable housing in a country like Indian
where millions are in need of proper housing facilities.

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Major Affordable Projects in NCR
Realising the vast potential of affordable housing segment in India, developers
have already begun to venture into this arena. The National Capital Region has
lately seen a rise in the number of affordable housing projects that are spread
across Noida, Greater Noida, Yamuna Expressway and NH-24.

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Noida
Ajnara Ambrosia: This is a residential project by the revered developer, Ajnara Group, located in
Sector 118 in Noida. The beautiful Spanish architecture, broad archways, and wrought iron work sets
apart this haven of comfort and luxury, available at affordable rates to the end customers.
• 17 acre area
• 2/3 BHK apartments (1095 - 1995 sq. ft.)
• Air conditioned lobby
• 24 hour supply of water and power
• Earthquake resistant structure
• Internet connectivity
• Contemporary facilities
• Connected to major locations in NCR
• High tech security

15. Samridhi Grand Avenue: A grand yet affordable venture by the Samridhi Group, this project is a
perfect fusion between excellent housing facilities and fantastic connectivity amidst lush greenery.
• 2/3 BHK (980 - 16856 sq. ft.)
• Loan approval leading banks
• 70% open spaces
• Vaastu based architecture
• Situated on 130 m wide road
• Superior quality fittings
• Earthquake resistant building
• Grand club house
• Cafeterias
• Advantages of connectivity
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Greater Noida

16. Migsun Wynn: A project laced with all possible comforts, Migsun Wynn comes from the
well-established Migsun Group in Eta 2 in Greater Noida. This is a venture laden with
lush green surroundings and impeccable standards of life.
• 2/3 BHK (1060 - 1650 sq. ft.)
• 3 side open plot
• 25 storied high rise towers
• Build on a 100 m wide road
• Round the clock water and power supply
• 24x7 security
• Club membership
• Play facilities for children
• Metro connectivity
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Greater Noida

17. Aditya Urban Homes: Located within Aditya World City, this project is an amalgam of
world class facilities and comfortable and affordable living spaces presented by Aditya
Group.
• 1/2 BHK (585 - 840 sq. ft.)
• 80% open areas
• 24 hour security
• Shopping arcade
• Health center
• Open air theatre
• Intercom facility
• 24 hour water and power supply
• Connectivity to Ghaziabad, Noida, Indirapuram
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NH-24

18. Gulshan Botnia: Located at a sought after location of Sector 144, Gulshan Botnia is
the brainchild of Gulshan Homz. This project brings together comfortable living
and budget housing like never before.
• 2/3 BHK (1025 - 1475 sq. ft.)
• 12 storied elegant towers
• Neo-classical façade
• Central landscape podium
• Adjoining a green belt
• Seamless customer services
• Connectivity to Delhi, Noida, Ghaziabad
• Neighbourhood laced with diverse facilities
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Yamuna Expressway

19. Gaur Yamuna City Villas: Located within Gaur Yamuna City, this is one of the most
sought after residential project of Gaursons India Ltd. These villas are sprawled across
endless expanse of greens offering beautiful residences at affordable rates.
• 3/4 BHK villas (990 – 1440 sq. ft.)
• 6-screen multiplex
• 5.7 acre retail complex
• Contemporary club house
• Community center
• Conference hall
• Schools, hospital, tec.
• Pollution free surroundings
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Yamuna Expressway

20. References
• http://www.joneslanglasalle.co.in/india/en-
gb/Research/Affordable_Housing_in_India_2012.pdf?27e6f554-2aa8-4864-8bc3-
9127a4b902bc
• http://www.kpmg.com/IN/en/IssuesAndInsights/ThoughtLeadership/Affordable_Ho
using.pdf
• http://economictimes.indiatimes.com/wealth/real-estate/budget-2016-budget-to-boost-
demand-supply-of-affordable-homes-realtors/articleshow/51197365.cms
• http://economictimes.indiatimes.com/wealth/real-estate/budget-2016-gives-massive-
push-to-affordable-housing-supply-and-construction-activity-seeks-to-spur-
demand/articleshow/51191895.cms
• http://www.hindustantimes.com/real-estate/affordable-homes-get-a-push-in-budget-
2016/story-uJsS0LP6WOAP7QowejB0WO.html
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21. Thanks and Questions!!
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