To own your own house is everyone’s dream. But affordability is one of the biggest hurdles faced by property seekers today. The worst affected is the middle income group. If they like the location then the price of the property would be too high… if the price of the property is fine the location of the property would not be suitable… if by chance both the location and pricing suits them then availability becomes an issue.
What is the solution for this big problem faced by almost all the property seekers in cities today?
Compact homes at well-connected suburban locations is one of the upcoming concepts in cities these days. It is one of the most effective solutions for the housing deficit in our country. Till the time cities have jobs, the population in our cities would keep increasing and no one can stop that. This increasing population needs more homes and infrastructure and with land being a static commodity we have to manage with what we have. We can’t grow more land.
Many developers are trying to build smaller, well planned, efficient homes today as they are in high demand amongst property seekers. With limited land and increasing property value it only seems like a feasible and sensible solution. Not only in Mumbai where small and compact homes have been popular since ages, now other metro cities like Chennai and Delhi are also fast picking up the concept.
One developer who has excelled in this concept of compact homes with eight plus such projects in Chennai city is Arun Excello. Megha in Padapai is one such project which offers buyers their dream home in just INR 9.9 lakhs (all inclusive).
These compact 1 BHK apartments have the unit size of 375 sqft and above all these are ready for occupation. So a buyer can instantly convert his monthly rent to his monthly home loan EMI and become a proud owner of a house.
Megha by Arun Excello are not only affordable but they are strategically located on a six lane highway which connects two rapidly developing residential and commercial pockets of Chennai - Tambaram and Oragadam. These efficiently designed, no frill homes will give you and your family the much needed break from your land lord, increasing rents and ever escalating property pricing.
After all property purchases are life time purchases and it’s an appreciating asset class. Not only such projects are affordable and are well connected, they also have basic social infrastructure in place. So all your daily needs like departmental stores, banks, schools, hospitals, ATMs etc. can be found within few kilometres distance.
Compact home projects like Megha by Arun Excello will not only help resolve the housing problem in India and fulfil central governments dream to provide housing for all by 2022, but this would also encourage the government to improve public transport in cities so that more and more localities become magnets for similar efficient homes.
Author Bio:
Reshma is a blogger and real estate enthusiast. She is based out of Mumbai and writes about real estate trends for IndiaProperty.com.
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