middle-income
CategoriesReal Estate

Building More Middle-Income and Workforce Housing

Building more Middle-Income and Workforce Housing

One of the biggest challenges in the housing industry today is to build affordable and sustainable Middle-Income housing. There are a lot of factors at play here and one of the most important ones is the lack of understanding of these factors. You see, the core problem lies in the inability of the construction firms in understanding the factors that govern Middle-Income housing.

One of the biggest challenges in the housing industry today is to build affordable and sustainable Middle-Income housing. There are a lot of factors at play here and one of the most important ones is the lack of understanding of these factors. You see, the core problem lies in the inability of the construction firms in understanding the factors that govern Middle-Income housing.

In a brief description, restrictive zoning, NIMBYism, and high construction costs which incline the developers to only build luxury models are some of the issues faced.

To understand the problem better and hopefully fix it more efficiently, let’s take a deeper dive.

  • Land Constraint: Land constraints may be one of the biggest factors affecting the middle-income housing industry. Due to the scarcity of land, there are only a limited number of projects a developer can be working on and therefore the developer tends to take the more lucrative option and builds in the luxury niche. Soon it will be impossible to find 2bhk flats for sale in Hyderabad. 
  • Unsustainable Rents: Even if the land was acquired for free, the rent in some areas is just off the charts and therefore unsustainable. The cost of construction in these areas is just way too high for sustainable low-income housing. 
  • Uncontrollable Factors: There are certain factors like the material cost and land cost that are not in the hands of the developer. However, this does not mean that the possibilities have ceased to exist. Certain other costs can be regulated. It’s just a matter of understanding where to cut costs and where not to.
  •  NIMBYism: This refers to the reluctance and often opposition of landowners to allow construction near their land. They seek regulations to disallow construction near their land which makes building anything a challenge.

So how can this problem be solved? Well, here are a few measures that we can take

  • More Dense Zoning: In a lot of communities the density of people living in that area is just way too low given the requirements of the current housing condition. This needs to change. Some 2bhk flats for sale in Bachupally are promoting this idea. If we increase the density of certain zones and allow more and more people to live in those places without cramping them, the cost of construction and consequently the rent will come down.
  • Continued Innovation: Humanity has been able to stay at the top of the food chain because of its metal ability. Innovations are required to take the challenges we face today. Off-site construction, affordable materials, vertical development, and other innovative ideas are required to reduce costs and open new possibilities to face this challenge.
  • Plan and zone for economically diverse neighbourhoods: We need to allow a different housing standard in different neighborhoods. Certain areas need to be designated as affordable and the regulations need to set up in a way that enhanced this idea.

The world will certainly be a better place if the problem of middle-income housing is solved. It is our responsibility to gather and promote ideas for better living conditions.

Also read: Apartments in LB Nagar, Commercial Space in India

flats for sale in bachupally
CategoriesApartment,  Real Estate

2 BHK Flats for Sale in Bachupally, Hyderabad

Bachupally is one of the leading residential destinations in Hyderabad. It has distinguished infrastructural developments and residential developments. There are a huge number of flats for sale in Bachupally.

Why choose Bachupally?

  • There are include wide roads, water pipelines, underground drainage systems, and luxury apartments.
  • Bachupally has had tremendous growth in the past decade. The area has a 24/7 power supply and is well connected to colleges, supermarkets, banks, and hospitals.
  • The people have their eye on the flats for sale in Bachupallyand a lot of gated communities with amenities like gym, swimming pool, yoga hall are available.
  • Bachupally also has cc roads, flyovers, foot-overs, and Metroparks.
  • The nearest MMTS station to Bachupally is the Hafeezpet station which is connected to all the industrial areas.
  • It has frequent TSRTC buses which makes commuting easy and at a low price.
  • The distance between Bachupally and Hi-Tech city is 7kms which makes it easier for the professionals to commute.
  • Bachupally is the home of the largest Tech Mahindra training and development centre in the world.
  • Owing to the residential development Bachupally has several 2bhk flats for sale.

 

Benefits of buying 2bhk flats in Bachupally

Owing to the proximity to the city the price of 2bhk flats for sale in Bachupally is in increasing. Bachupally is one of the most desirable locations and secure financing. The following are the benefits of buying 2bhk flats in Bachupally.

  • The area is somewhat far from the industrial area, so the air is free of pollutants. The lanes are wider and provide a smooth and convenient drive. That is why 2 bhk flats that were for sale in Bachupally are getting sold out at a faster rate.
  • It is a cosy and calm locality and the layouts of the area were approved by the HMDA.
  • The area has access to quality water through Manjeera water pipelines. Security is the topmost concern as the buyers should be able to enjoy their amenities without any distractions.
  • The price range per square feet in this area is from Rs 3500 to Rs 5000. Flats in Bachupally are gaining more attraction as they are away from the polluted area and are available at a reduced cost.
  • The availability of the vehicles to hire will be more and there will be reduced traffic congestion. This works in the favour of the business people and the office goers.
  • There are flats available with the entrance facing in all the directions east, north, west, and south which provide the buyers with a lot of options as per their beliefs.
  • These flats are well suited for all kinds of families and are meticulously planned to meet the needs of every member of the family. Parks are available for the children to play in and there are areas where senior citizens can go for a walk and relax.
  • The apartments are spacious and airy. They are planned in a way that they provide proper ventilation and sunlight.

From the above discussion, it is clear that there are many benefits behind buying a 2bhk flat in Bachupally. One must make sure all their expectations are met before buying the property.

Also Read:- Commercial Real Estate