Suraj Realtors India Private Limited was incorporated in the year 1995 with a target to professionally render real estate services in Gurgaon & Faridabad. In just over a few years, we have become a noteworthy Real Estate Consultant. The company is closely associated with promptly and quality delivery in a number of cities such as Gurgaon & Faridabad. Being a prominent Property Dealers in Faridabad & Gurgaon, the Suraj Realtors works on the principle of superior quality, world class construction technology and maximum client satisfaction. Our Real Estate Consultants believe in doing crystal clear dealings so as to attain the utmost satisfaction level of the customers.
Our Branches:
To provide excellent services to our customers, Suraj Realtors India Pvt Ltd. has its Branch offices at Gurgaon (DLF City Court and Sushant Lok) and Faridabad (Charmwood Village and Greenfield). Some of the overseas associate offices are based at Canada, UAE and Latin America.
About the Chairman:
Under the supervision and administration of our Chairman and Managing Director Mr. Sukhbir Singh the firm has touched the new benchmarks of success in the real estate industry. He is supported by a pool of well skilled and proficient experts who have a detailed knowledge and extensive experience in the field.
What is Affordable Housing?
• According to the RICS Report on Making Urban Housing Work in India, affordability in the context of urban housing means provision of ‘adequate shelter’ on a sustained basis, ensuring security of tenure within the means of the common urban household. RICS
Practice Standard Guidance Notes (GN 59 2010) states that ‘affordable housing is that provided to those whose needs are not met by the open market’.
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• According to the KPMG Report on ‘Affordable Housing – A Key Growth Driver in the Real Estate Sector’, affordable housing is defined in terms of three main parameters, namely income level, size of dwelling unit and affordability. Whilst the first two parameters are independent of each other, the third is a dependent parameter that can be correlated to income and property prices (Figure 2).
• As per US Department of Housing and Urban Development, the generally accepted definition of housing affordability is ‘for a household to pay no more than 30% of its annual income on housing. Families who pay more than 30% of their income for
housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care’.
• According to the Task Force on Affordable Housing set up by the MHUPA in 2008, affordable housing for various segments is defined by size of the dwelling and housing affordability derived by the household income of the population (Figure 3).
• The JNNURM Mission Directorate of MHUPA has also defined affordable housing in its amended Guidelines for Affordable Housing in Partnership released in December 2011 (Figure 4).
What is affordable housing policy?
This policy is intended to encourage the planning and completion of „Group Housing Projects‟ wherein apartments of „pre-defined size‟ are made available at „pre-defined rates‟ within a „Targeted time-frame‟ as prescribed under the present policy to ensure increased supply of „Affordable Housing‟ in the urban housing market to the deserving beneficiaries.
What the application fees and hidden charges?
i) Keeping into account the fact that a limited number of projects shall be allowed under this policy and the sale is to be effected at a predetermined rate, the licence fees and IDC shall stand waived off. However, scrutiny fees and conversion charges at prescribed rates shall be levied.
(ii) Similarly, in order to minimize the impact of EDC rates on the viability of such a project, the rates and schedule of EDC applicable on plotted colonies shall be levied on such projects.In order to encourage early completion of projects, in case the colonizer completes the project in 3.5 years from the date of commencement of project and applies for grant of occupation certificate in such period, the payment of last instalment of EDC shall be considered for waiver after grant of occupation certificate.
For more detail visit http://affordablehousingingurgaon.co.in/ and Call Us at: +91 9015110110
Our Branches:
To provide excellent services to our customers, Suraj Realtors India Pvt Ltd. has its Branch offices at Gurgaon (DLF City Court and Sushant Lok) and Faridabad (Charmwood Village and Greenfield). Some of the overseas associate offices are based at Canada, UAE and Latin America.
About the Chairman:
Under the supervision and administration of our Chairman and Managing Director Mr. Sukhbir Singh the firm has touched the new benchmarks of success in the real estate industry. He is supported by a pool of well skilled and proficient experts who have a detailed knowledge and extensive experience in the field.
What is Affordable Housing?
• According to the RICS Report on Making Urban Housing Work in India, affordability in the context of urban housing means provision of ‘adequate shelter’ on a sustained basis, ensuring security of tenure within the means of the common urban household. RICS
Practice Standard Guidance Notes (GN 59 2010) states that ‘affordable housing is that provided to those whose needs are not met by the open market’.
• According to the KPMG Report on ‘Affordable Housing – A Key Growth Driver in the Real Estate Sector’, affordable housing is defined in terms of three main parameters, namely income level, size of dwelling unit and affordability. Whilst the first two parameters are independent of each other, the third is a dependent parameter that can be correlated to income and property prices (Figure 2).
• As per US Department of Housing and Urban Development, the generally accepted definition of housing affordability is ‘for a household to pay no more than 30% of its annual income on housing. Families who pay more than 30% of their income for
housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care’.
• According to the Task Force on Affordable Housing set up by the MHUPA in 2008, affordable housing for various segments is defined by size of the dwelling and housing affordability derived by the household income of the population (Figure 3).
• The JNNURM Mission Directorate of MHUPA has also defined affordable housing in its amended Guidelines for Affordable Housing in Partnership released in December 2011 (Figure 4).
What is affordable housing policy?
This policy is intended to encourage the planning and completion of „Group Housing Projects‟ wherein apartments of „pre-defined size‟ are made available at „pre-defined rates‟ within a „Targeted time-frame‟ as prescribed under the present policy to ensure increased supply of „Affordable Housing‟ in the urban housing market to the deserving beneficiaries.
What the application fees and hidden charges?
i) Keeping into account the fact that a limited number of projects shall be allowed under this policy and the sale is to be effected at a predetermined rate, the licence fees and IDC shall stand waived off. However, scrutiny fees and conversion charges at prescribed rates shall be levied.
(ii) Similarly, in order to minimize the impact of EDC rates on the viability of such a project, the rates and schedule of EDC applicable on plotted colonies shall be levied on such projects.In order to encourage early completion of projects, in case the colonizer completes the project in 3.5 years from the date of commencement of project and applies for grant of occupation certificate in such period, the payment of last instalment of EDC shall be considered for waiver after grant of occupation certificate.
For more detail visit http://affordablehousingingurgaon.co.in/ and Call Us at: +91 9015110110
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