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Introduction

Nilaya Infra Pvt. Ltd. is an esteemed real estate organization having expertise in developing and managing residential and commercial properties. The company was put together with the vision of exhibiting the highest quality of construction and ensure the on-time delivery of the concerned undertaking. Amit Tyagi, a doctor by merit having visionary attributes, founded this company with the aim to redefine the way a person conceives affordable housing in India. Nilaya Infra, today a prolific brand in affordable housing, has consistently emphasized on quality, customer preference and business ethics to accumulate the goodwill and loyalty of its end-users.


Indian real estate sector, witnessing a major transformation due to various landmark reforms like real estate (regulation and development) act 2016 and goods and services tax, will increase the sector’s reliability besides making the way for enhanced emphasis on transparency and responsibility. These initiatives, along with playing a significant role in safeguarding homebuyers’ interest, have provided acceleration across the real estate sector. The demands among the consumers have also increased with enterprises like the credit-linked subsidy scheme for lower and middle-income groups under Pradhan Mantri Awas Yojana. Nilaya Infra is certain to be capable of making the most of these changes and move forward on a path of profound growth in the coming times.

 

Affordable Housing

Budget and affordable homes hold a special place in the terminologies across the real estate sector. These terms are there to position the units and creating an exclusive identity of the concerned project in the minds of consumers.

With the introduction of “housing for all” mission, the emphasis is on presenting quality homes to all with the affordable and budget homes being the chief preference. The affordable residential segment has come to the fore as the primary contributor in homes sales according to the data accumulated in the last five years.


Affordable units, in terms of generally accepted definition, are those which can be acquired by the citizens who get less than the average household income of the country. Basically, the homes that the low-income and economically lean sections can afford are considered affordable residences. However, this meaning varies as per the context.


Affordable homes, in view of carpet area, are modeled as 60 sqm in the metropolitan cities and 90 sqm in the non-metropolitan cities with the ceiling value of Rs 45 lakh being the common aspect in both cases. According to the RBI incentive norms, the price of affordable residential property should be below Rs 50 lakh in non-metro cities and less than Rs 65 lakh in metro cities.

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