Isnare Free Articles
Authors Contents [Add OpenSearch]
Distribute your articles to more than 6,000+ sites and 40,000+ email group publisher subscribers for as low as $2 / article...
Index  Article Directory  Finances
Embed this Article  
Signature Global

Signature Global x 5 articles

Liked the article? Consider buying me a beer!

In the three years of the new government, the talk in the real estate sector has been about affordability and affordable housing. The new schemes launched under the aegis of the Modi government have been touted as the saviour of the dreams of owning a house for the Lower Income Group (LIG). One however, needs to take a step back and look at the term affordability itself, as in the case of the real estate sector in India, affordability can really mean different things for different groups. Do residential flats in Gurgaon have the same affordability as residential flats in the outskirts of Delhi? The answer is obvious. This article then explores the different meanings the term holds for different groups of demographics, and the socio-economic variables that guide the meaning, in different locations.

For a long time, the LIGs has been paid little attention, often only sending welfare schemes their way seemed to be the right-enough policy. Recently, there has been a change; these groups, which form the base of the Indian economy, and which also, are the dominant demographic in India have received the chunk of the affordable housing schemes. For instance, the lack of better public transport network meant that the city’s peripheries while they gave good affordable housing options were still out of question because of their inaccessibility. The logic is simple – better connectivity makes affordable housing a residential destination. Keeping this picture in mind, let us try to understand what makes affordable housing an important variable in the economic growth of a city and eventually the country.

Apart from the individual ambition of home ownership, the working class in any city need to be retained within the city preventing the outward movement of valuable skills, talents, and contribution to the local economy. A large demographic of India is composed of educated, working class, which is always in the search of better opportunities and when finds one, prefers to move in that direction. With this in mind, the Housing and Urban Poverty Alleviation Ministry revised the criteria to define the economically weaker section in India. According to this revision, households which have an income up to INR 1 Lakh fall under the EWS. Earlier, this category had an annual income range between INR 5,000 – INR 60,000. More importantly, according to the new definition of Lower Income Groups, households with an annual income of INR 1-2 Lakhs fall under the revised criterion. Both these groups need financial security and a good lifestyle, in order to choose a city, and home ownership allows for exactly that.

The next section of the population is the middle class – a group which is economically sound but may still be sensitive to high prices and finding it difficult to afford within the city. This group then expands the definition of affordability and makes it wider as much as it is localised. Although homebuyers from the middle class would have enough budget to afford a good property in the far outskirts, they face tremendous challenges in, for example in buying a house closer to the location of their employment, their children’s educational institutions or near to the conveniences that the rich would not have to worry about.

In the present scenario, there is an acute shortage of good affordable housing options within the city especially for buyers who fall within the INR 35-50 Lakhs range, even when there are houses available for INR 20 Lakhs just outside the city. This section, however is not interested in moving far away still, from the lifestyle and the conveniences that they have worked so hard to afford. Within the range of the city limits, such as affordable housing in Gurgaon, becomes almost a myth for the middle class.

As a profitable business in the real estate sector, affordable housing has a good absorption. But as long as affordability is not reinterpreted both at a locality as well as at the level of the city, we cannot celebrate the cause of the affordable homes.

Signature Global is a reputed name in the real estate sector in India dealing in affordable housing projects. Signature Global’s residential flats in Gurgaon include their massive projects of Solera (Sector 107), Synera (Sector 81, NH8) Andour Heights (Sector 71), Orchard Avenue (Sector 93), Grand Iva (Sector 103), Roselia (Sector 95A), Serenas (Sector 36), Solera (Sector 107) and The Millennia (Sector 37D). At present, Signature Global’s Signum project offers retail shops in Gurugram in sector 36, 95A, 93, 103, 71, 81, and 107. For bookings.

Rate this article:
I'm a real estate writer at Signature Global. My passion is helping people to provide all aspects of real estate marketing flows through in the expert industry coverage. In addition, I also work as an SEO Analyst at Signature Global helping businesses with search and content marketing.
Important NoticeDISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute's support or sponsorship for this article. is an article publishing service. Please read our Terms of Service for more information.

Most Recent Articles

Renovate Your Lawn Beautifully With Lawn Care and Maintenance Services

An Article by LAZICH LEO in Gardening

9 months ago

An unkempt and ugly lawn is not only an eyesore, it also creates a negative impact on your property. If you have let go of lawn care so much so that it is over run with weeds or shows bare patches, a lawn renovation is in order. Repairing your lawn may be a good idea if the about 25% of your lawn is in bad shape...

Custom Hanging Signs Sydney - Affordable Way of Promoting Your Business

An Article by Mike Layman in Marketing

9 months ago

Hanging Signs are not just an amazing and highly cost effective way of advertising your products and services; they are easier to setup in comparison to other advertisement signs – just hang them from a pair of hooks or whatever and you're done. Needless to add, this also makes them more economical than other outdoor or indoor advertisement material...

Armor Your Laptop in Style With Printable Laptop Sleeves

An Article by Rohit B in Finances

9 months ago

To help you with both of your purposes, let us discuss about such a service which will help you out here to create your own laptop sleeve. So as I told you in the above paragraph, which I would have started my personal service or something to help you out of this situation. But let me inform you what you must be thinking is just something hypothetical, but that’s not true...

Start School in Time by Using Automatic School Bell

An Article by Vivency Global in Education

9 months ago

School is first place where children learn discipline, good manners and punctuality. The automatic school bell solutions are really important and makes away from manual errors. Humans may ring the bell at in appropriate time but the machine cannot. The most of the school are digitalized with interactive boards, automatic bells, CCTV and many...

Applying For No Credit Check Mortgage Loan? – Expert Tips to Follow

An Article by Roy Robbins in Finances

9 months ago

Interestingly, the option of no credit check mortgage loan has been made available by some lenders. So, one does not need to undergo tedious process of credit assessment. However getting quick approval for an affordable mortgage no credit check loan is not easy. Some stringent approval criteria may apply...

70-345 Microsoft Exchange Server 2016 Study Books

An Article by Chung Crissler in Internet

9 months ago

Examunion offers you a comprehensive look at the best prospects available in 70-345 exam questions throughout the Industry. Not only will you be given theoretical, but also given 70-345 Microsoft Exchange Server 2016 study books which will give you even more practice than before. Try our Designing and Deploying Microsoft Exchange Server 2016 70-345 exam test today and succeed in your Designing and Deploying Microsoft Exchange Server 2016 70-345 exam...

Microsoft MCSE 70-339 Practice Exam SharePoint Server 2016 70-339 Questions Material

An Article by Chung Crissler in Education

9 months ago

Maybe on other web sites or books, you can also see the related training materials. But as long as you compare Examunion product with theirs, you will find that our product has a broader coverage of the certification exam's outline. You can free download part of Microsoft MCSE 70-339 exam books from Examunion website as a try to detect the quality of our products...

Gain Weight and Build Muscle

An Article by Arati Shah in Wellness, Fitness and Diet

9 months ago

Several individuals do not succeed in their passion to maintain a healthy diet due to the lack of knowledge of eating healthy at work. When at work, many find it difficult to stay committed to a diet plan due to several unavoidable reasons such as colleagues might request to eat with them, availability of lots of delicious food at workplace, etc...

XenApp and XenDesktop 7.6 LTSR 1Y0-202 Questions

An Article by Kruis Barry in Education

9 months ago

1Y0-202 is a challenging exam, with our XenApp and XenDesktop 7. 6 LTSR 1Y0-202 questions; you can feel safe with our question and answers that will help you in obtaining your successful completion of your 1Y0-202 exam. All of our practice exams including the 1Y0-202 exam will prepare you for success...

VSphere 6.5 Foundations Exam 2V0-602 Dumps

An Article by Kruis Barry in Education

9 months ago

Passcert vSphere 6. 5 Foundations 2V0-602 dumps 2V0-602 help you to save a lot of time and effort. You 2V0-602 also use the extra time and effort to earn more money. Passcert provide you the product with high quality and reliability. You 2V0-602 free download online part of Passcert providing vSphere 6...

Citrix Certification 1Y0-202 Exam Answers Passtcert

An Article by Nigel Reyez in Computers and Technology

9 months ago

Passtcert is a website which can help you save time and energy to rapidly and efficiently master the Citrix certification 1Y0-202 exam related knowledge. If you are interested in Passtcert, you can first free download part of Passtcert Citrix Certification 1Y0-202 exam answers on the Internet as a try...

Benefits to Your Wedding Provided by Limo Service in Pittsburgh, PA

An Article by Iris K. Allen in Marriage

9 months ago

Using professional transportation on your wedding day may seem like a given and a basic booking to make, but considering the effect that it can have, you’d serve your wedding day well to be selective with your booking. Find a worthwhile company and secure every wedding transportation need with a suitable Pittsburgh Limousine...

Mark the Family Wedding With a Denver Bus Rental

An Article by Lucille W. Hill in Travel

9 months ago

The obligatory family wedding comes with challenges, but it also offers opportunities. A Coach Bus Denver will make it possible for your extended family to reconnect, save some cash, and all attend the family wedding as part of a group. Take Note of Transportation NecessitiesComprehensive research into all elements of transportation should come before you make reservation from any of the Charter Bus Companies Denver...

Killtest 2017 Microsoft MCSA 70-764 Test Questions Microsoft 70-764 Practice Test

An Article by Delia Green in Education

9 months ago

70-764 Administering a SQL Database Infrastructure is among the many most respected exams so you can get good work opportunities. We can complete devoid of much frantic use the particular help regarding Microsoft MCSA 70-764 Test Questions Microsoft 70-764 Practice Test that are exclusively made for people who will need advice...

2V0-602 VSphere 6.5 Foundations VMware VCP6.5-DCV 2V0-602 Exam Test Prep

An Article by Morris Porreca in Education

9 months ago

About VMware 2V0-602 exam, you can find these questions from different web sites or books, but the key is logical and connected. Our questions and answers will not only allow you effortlessly through the exam first time, but also can save your valuable time. Examgood can provide professional and high quality products...

MLA Style Citation:
Global, Signature "What Does ‘Affordability’ Really Mean in the Real Estate Sector in India?." What Does ‘Affordability’ Really Mean in the Real Estate Sector in India?. 14 Jul. 2017 25 May. 2018 <>.
APA Style Citation:
Global, Signature (2017, July 14). What Does ‘Affordability’ Really Mean in the Real Estate Sector in India?. Retrieved May 25, 2018, from
Chicago Style Citation:
Global, Signature "What Does ‘Affordability’ Really Mean in the Real Estate Sector in India?." What Does ‘Affordability’ Really Mean in the Real Estate Sector in India?
Copy and paste the code below to embed this article:
<a class="embedly-card" href="">What Does ‘Affordability’ Really Mean in the Real Estate Sector in India?</a> <script>!function(a){var b="embedly-platform",c="script";if(!a.getElementById(b)){ var d=a.createElement(c);,d.src=("https:"===document.location.protocol?"https":"http")+"://"; var e=document.getElementsByTagName(c)[0];e.parentNode.insertBefore(d,e)}}(document);</script>