Affordable housing in Noida vs Gurgaon – Everything you should know.
Before we begin, let’s understand what affordable housing is. Is the definition is same across India or it changes with a geographical location like Haryana, Uttar pradesh, Delhi etc. The Affordable Housing Scheme was launched by the Government of India in June 2015. Let’s understand what this means as per various laws/govt institutions in India.
As per GST (Goods and Sales Tax Act) Affordable Housing is has the following characteristics:-
| City | Carpet Area (Sq. Mtr) | Amount Lacs |
| Metropolitan | 60 | 45 |
| Non Metropolitan | 90 | 45 |
For the project to fall under affordable housing it should not cost above 45 lacs and must not have carpet area above 60 sq. meter in a metropolitan area. Metropolitan Areas include: Delhi, Noida, Greater Noida, Ghaziabad, Gurgaon, Faridabad, Kolkata, Mumbai, Bengaluru, Chennai and Hyderabad
As per Ministry of Housing and Urban Poverty Alleviation, Government of India
Projects using 60% of their FAR (Floor area ratio) for constructing units below 60 sqm, out of which 35% units have to be under EWS category with carpet area of 21-27 sqm (Servant quarter with apartment would not be considered as EWS unit in this case)
Haryana Affordable Housing Policy 2013
| Project Limit | Area Acres | Permitted Density |
| Minimum | 5 | 850 |
| Maximum | 10 | 900 |
Development Plan |
Max Price per Sq. ft |
| Gurgaon, Faridabad, Panchkula, Pinjore-Kalka | Rs.4,000/ |
| Other High and Medium Potential Towns | Rs. 3600/- |
| Low Potential Towns | Rs. 3000/- |
Uttar Pradesh – Affordable housing scheme 2014
Minimum 60% of project FAR is used to construct units less than 60 sq.mtr carpet area with cost below 30 lacs, 35% of total construction has to be EWS that has carpet area of 21-27 sq. mtr.
Also, 60% land area should be used to construct units below 75 sq.mtr
| Type | Area Acre |
| Minimum | 5 |
| Maximum | 10 |
| City | Cost per sq. ft | Total Cost (lacs) |
| NCR | Rs.3000/ | 30 |
| Metros | Rs. 2800/- | 30 |
Affordable housing projects in Gurgaon
| S. No. | Project Name | Location | Project Area | Details | Price Range |
| 1. | Mahira Homes | Sector 104, Gurgaon | 10.4 acres | Type: 1/3 BHK Carpet Area: 337- 645 Sq. Ft. Possession: 2024 (Q4) |
14 – 26.30 Lakhs |
| 2. | GLS Avenue 81 Gurgaon | Sector 81 Gurgaon | 5 acres | Type: 2/3 BHK Carpet Area: 581-645 Sq. Ft. Possession: 2024 |
24.70 -26.26 Lakhs |
| 3. | Signature Global Millennia 3 | Sector 37D Gurgaon | 9 acres | Type: 2/3 BHK Carpet Area: 580-645 Sq. Ft. Possession: 2024 |
23.63-26.30 Lakhs |
| 4. | Mahira Homes 63A | Sector 63a Gurgaon | 5 acres | Type: 2/3 BHK Carpet Area: 508-645 Sq. Ft. Possession: 2023 |
20.82-26.26 Lakhs |
| 5. | Pyramid Infinity | Sector 70 Gurgaon | 4.33 acres | Type: 1 & 3 BHK Carpet Area: 314-645 Sq. Ft. Possession: 2025 |
12.84 – 26.26 Lakhs |
| 6. | ROF Atulyas Sector 93 Gurgaon | Sector 93 Gurgaon | 5.03 acres | Type: 2/3 BHK Carpet Area: 468-645 Sq. Ft. Possession: 2025 |
19.22-26.30 Lakhs |
| 7. | OSB The Venetian | Sector 70 Gurgaon | 5 acres | Type: 2 BHK Carpet Area: 646-669 Sq. Ft. Possession: 2024 |
22.70 – 23.33 Lacs |
| 8. | Mahira Homes 95 | Sector 95 Gurgaon | 6.05 acres | Type: 2/3 BHK Carpet Area: 508-645 Sq. Ft. Possession: 2024 |
20.82-26.26 Lakhs |
| 9. | GLS South Avenue 92 Gurgaon | Sector 92 Gurgaon | 5 acres | Type: 2/3 BHK Carpet Area: 563-645 Sq. Ft. Possession: 2024 |
23.02-26.30 Lakhs |
| 10. | Pyramid Midtown Sector 59 Gurgaon | Sector 59 Gurgaon | 5.69 acres | Type: 2 BHK Carpet Area: 578-598 Sq Ft Possession: 2024 |
23.63-24.44 Lakhs |
| 11. | Pyramid Urban Homes 2 Extension | Sector 86 Gurgaon | 1.5 acres | Type: 3 BHK Carpet Area: 643-645 Sq. Ft. Possession: 2022 |
26.18-26.23 Lakhs |
| 12. | Signature Global Proxima | Sector 89 Gurgaon | 10 acres | Type: 2/3 BHK Carpet Area: 539-645 Sq.Ft. Possession: 2023 |
21.96 – 24.52 Lakhs |
| 13. | ROF Alante | Sector 108 Gurgaon | 5 acres | Type: 1/3 BHK Carpet Area: 330-645 Sq. Ft. Possession: 2023 |
13.59 – 26.32 Lakhs |
| 14. | Pivotal Paradise | Sector 62 Gurgaon | 5 acres | Type: 1/2/3 BHK Carpet Area: 303-636 Sq. Ft. Possession: 2021 |
12.41-25.84 Lakhs |
| 15. | MRG World Ultimus | Sector 90 Gurgaon | 5 acres | Type: 2BHK Carpet Area: 570-616 Sq. Ft. Possession: 2023 |
23.43-25.14 Lakhs |
| 16. | Mahira Homes | Sector 103 Gurgaon | 5 acres | Type: 2/3 BHK Carpet Area: 570-645 sq. ft Possession: 2023 |
23.30 – 26.30 Lakhs |
| 17. | Signature Global Millennia | Sector 37D Gurgaon | 5 acres | Type: 2/3 BHK Carpet Area: 496 – 645 Sq. Ft Possession: 2022 |
20.17 – 26.1 Lakhs |
| 18. | Suncity Avenue | Sector 102 Gurgaon | 5 acres | Type: 2BHK Carpet Area: 518 – 532 Sq. Ft. Possession: Ready to Move |
21.15 -21.78 Lakhs |
| 19. | Imperia Aashiyara | Sector 37C Gurgaon | 5 acres | Type: 2BHK Carpet Area: 548 – 578 Sq. Ft. Possession: 2022 |
22.34 – 23.59 Lakhs |
| 20. | Pivotal Riddhi Siddhi | Sector 99 Gurgaon | 6.19 acres | Type: 1/2 BHK Carpet Area: 359 – 494 Sq.Ft. Possession: 2019 |
14.86 – 20.26 Lakhs |
At present we could not find any affordable housing project for sale in Noida and Greater noida.
“From an end-users perspective – Which location is more suitable Gurgaon or Noida
We can’t compare both the locations since both have their pros and cons however “Noida” & “Greater Noida” currently do not have options available under affordable housing scheme however the average price in the outskirts of Noida like Greater Noida West, Crossing Republic, Siddharth Vihar, Raj Nagar Extension is anywhere close to Rs. 4000. An end user may consider these locations or if physical proximity is very important they may consider Manaser or Bhiwadi over affordable housing options in the outskirts of Gurgaon with poor connectivity and basic amenities.
Locations like Greater Noida West, Crossing Republic, Siddharth Vihar, Raj Nagar Extension, Manaser and Bhiwadi will offer better connectivity, project with amenities, open area and greenery within the 45 lac price point. These locations are relatively more developed and have better connectivity in comparison to the outskirts of Gurgaon with poor connectivity and lack of social infrastructure.
From investors perspective – Which location is more suitable Gurgaon or Noida
Gurgaon has its emergence in 1997 when GEs CEO Jack Welch thought of outsourcing and GECIS (GE Capital International Services now Known as Genpact) came into existence. In early 2000 Gurgaon grew at an exponential pace and left any other micro market including Faridabad which was once ahead of Gurgaon to bite the dust, fast forward to 2022.
The Haryana Govt notification regarding 75% local reservations for jobs upto Rs. 30,000 could dethrone Gurgaon as India’s millennium city, Gurgaon could be replaced by Noida with its ambitious Jewar Airport project and affordable price point in comparison to overtly expensive Gurgaon market
From an investors’ perspective, Noida and the outskirts of Noida have higher probability of offering incremental ROI over a long term period. Following is the list of projects in the pipeline for Noida:-
a) Jewar International Airport
b) Film City
c) Metro connectivity to Delhi
Difference between group housing and Affordable housing projects:-
A group housing society could be any society been developed by a builder it could be villa society, theme-based society, luxury township or a normal township with all major facilities and at various price points be it 50 lacs or 15+ cr for projects like DLF The Magnolias (17 Cr for 4BHK) and DLF The Camellias (20 Cr for 4BHK)
| Group Housing | Affordable project |
| Good Location, better connectivity | Remote location, poor connectivity |
| Offer better standard of living at a higher price | Provide necessities at affordable price |
| High absorption, since it’s at a better location, offers value for money and provide great lifestyle | Low absorption even after high demand, due to lack of interest because of the remote location and fewer facilities |
| At builders own price for the project | At govt. a fixed price for the project |
| Direct allotment | Allotment by draw |
| Car & Bike paid parking | Two-wheelers parking free |
| Edc/idc +plc +ifms, extra | No edc/idc no hidden charges |
| Maintenance Rs:- 2000 to 5000 /sq. ft. per month. | 5 years of free maintenance |
| 80% bank loan | 90% bank loan |
| Price as per market. | Maximum price 30 lacs |
| Big size park in the complex. | Medium size park in the complex. |
| Bigger size Club with swimming pool, gym, tennis court. | Smaller size clubhouse with little to no facilities. |
Pros and Cons of Affordable Housing
Pros:
- Great for people with less income, provides better lifestyle than affordable builder floors.
- Less expensive, ideal for someone who can’t afford exorbitant pricing seen in the Indian real estate market.
- Highly regulated by Government of India the probability of project delay is less.
Cons:
- Generally located at remote locations hence the connectivity is not that great.
- FAR or number of flats per acre is high, which would make the whole project crowded.
- No car parking, only a TWO-Wheelers parking.
- Relatively small club house mostly for name sake.
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