Where Should You Rent or Buy Flats in Pune?

Where should you rent or buy flats in Pune?
The rental residential market in Pune has experienced exponential growth in the past decade. Because of the migration of people from all parts of the country for job and education opportunities in Pune, many people look for residential options to rent. There are quite a few areas in Pune which do better than others in the rental market. The top 10 rental localities preferred in Pune include Magarpatta, Wakad, Kharadi, Aundh, Pimpe Saudagar, Kothud, Hadapsar, Baner and Viman Nagar. Of the top localities, Magarpatta and Wakad are the top two most preferred areas.
These two areas are most popular among immigrants because of their proximity to IT companies located here. The elevated demand is pushing up rental values in the area. When it came to leasing and sales, this area is one of the most popular. When it came to leasing property, Wakad tops the list of residential neighbourhoods while Magarpatta tops when it comes to flats in Pune for rent.

Wakad
When it comes to rental and capital localities preferred, Wakad has topped the list. There is good infrastructure in the area and it will continue to grow in future. Connectivity is being enhanced with a flyover which will connect Hinjewadi to Pimpri passing through Wakad. Roads in Wakad have been widened and power supply to the area is quite adequate. The drainage system in the area has been improved over the years.
Hinjewadi has an IT hub and Wakad being close to Hinjewadi has attracted a large population of employees of the IT sector. Also, Wakad is only 10 to 12 kilometres from areas such as Baner, Aundh, Pashan and Balewadi. The locality is also only 3kms from Pimpri-Chinchwad Industrial Area. The rental average value in this area is only Rs 13,000 or so. Several 1 BHK apartments are also available within Rs 5000 to Rs 10000 in a month.
The Bio Technology Park and IT companies of Hinjewadi have led to a growth in popularity of Wakad continuously. Those working in industrial areas of Pimpri Chinchwad and IT companies have a preference for this locality. Those working in senior levels in the company prefer to buy flats in Pune in Wakad while those starting out prefer rental accommodation. The area is quite peaceful and near work places of professionals which is why it is mostly preferred by families and professionals. Part of the increasing popularity of Wakad can be contributed to the PCMC or Pimpri Chinchwad Municipal Corporation. The wider roads, improved drainage and uninterrupted water and electricity supply makes the area lucrative.  Developers are being attracted to Wakad because of the improvement in infrastructural amenities. Both investors and end users prefer this area. Those coming into Pune from Mumbai would have Wakad as their entry point which is why many people from Mumbai are investing in properties in Wakad. Apart from the hefty monthly earning through rents, there would be high capital returns on flats in Pune Wakad in the near future. 

Hospitals, schools, ATMs and banks are all present in Wakad and entertainment zones such as restaurants, theatres and malls are located nearby. Wakad enjoys connectivity to the Mumbai-Pune Bypass Road whereas Chinchwad and Pimpri provide connectivity via railways. Realty agents who are active in this area believe that the realty growth experienced by Wakad shall be boosted as Hinjewadi is expanded in near future. Therefore, even for the coming few years, Wakad would continue to enjoy popularity as residential destination.
Earlier, Wakad was a small village which has now turned into a bustling suburb of Pune. The rapidly developing infrastructure and numerous companies have led to the popularity of Wakad as an investment destination. Wakad has held its top spot not only in the first quarter of 2014 but also in the last quarter of 2013. 





Magarpatta
When it comes to rental properties, Magarpatta is the second preferred locality in Pune. The rental average value of the area is around Rs 15,000 to Rs 20,000 in a month in Magarpatta.  Despite being a satellite area in Pune, it has an IT hub which makes it preferred among IT professionals. Reputed IT concerns such as iGATE, Accenture, HCL Technologies, Avaa and ATA Elxsi are located here. The other IT parks which are closer to Magarpatta are the EON IT park, Kharadi IT park, Fatimanagar, Koregaon Park, Hadapsar Industrial Estate and Kalyani Nagar. The proximity to so many IT parks also adds to the appeal of Magarpatta as a residential locality.Magarpatta is not too far from Pune Railway Station and the Lohegaon Pune International Airport. 
These landmarks are only 8kms and 13kms away from Magarpatta which makes the locality appealing to those looking for temporary accommodation. Therefore, if you are seeking to invest in the real estate market in Pune, think of investing in Magarpatta or Wakad as it would be profitable in the near future in terms of rental returns and capital gains.  

Real estate market in Pune
On an average, the capital values of flats in Pune range between Rs 5,400 and Rs 6,400 whereas the rental value is between Rs 10,000 to Rs 15,000. For a 2BHK apartment which costs between Rs 40 lakhs and Rs 80 lakhs, you would have to pay Rs 15,000 or so as rent. The size of such an apartment is between 800 sq. ft and 1200 sq. ft. Mostly 2BHK units are supplied in Pune.
For buying a 3BHK apartment in Pune, one would have to pay up between Rs 80 lakhs and Rs 1 crore while the rental values of the area are between Rs 15,000 and Rs 22,000 in a month. You can also find 1BHK flats in Pune for rent whose rental rates vary between Rs 5000 and Rs 10,000 in a month, while the capital value is between Rs 30 lakhs and Rs 40 lakhs. 

Therefore, the real estate scenario in Pune is quite upbeat and both seekers of permanent residence and temporary residence have options to explore. Other popular areas in Pune include Koregaon Park, Hinjewadi, Pimple Saudagar and Aundh where buyers can explore property investment.

Where Can You Buy and Rent Property in Chennai?

Most people who invest in houses and apartments do so keeping in mind their budget. The joy of finding a home close to your work place and within your budget is inexplicable. If you are looking for an area in Chennai which is cheap enough for your budget and near your office, then do go through this write written.  A lot of these residential hubs are located near IT sectors and companies.

Within Rs 20 lakhs to Rs 50 lakhs

Medavakkam, Ambattur and Urapakkam are some of the areas to be considered in this budget. The proximity to the OMR in South Chennai is a big advantage for Urapakkam and hence you should consider it. The OMR has a number of IT companies located on it. Also, because it is a centre of employment, immigrant IT professionals also eye for flats and house for rent in Chennai here which has led to a sizeable demand.

Those eyeing property in Medavakkam for purchase would be glad to know that it is one of the 10 preferred areas of Chennai among tenants and buyers. Its proximity to the IT hubs, broad paved roads, improved connectivity via the Velachery-Tambaram Road and Pallavaram-Thorrapakkam Road makes it a lucrative area for home buyers. Also, the proposed monorail has made house buyers enthusiastic about this area as it would offer speedy and easy connectivity.

Medavakkam is also located close to suburbs which are developing such as Ottiyambakkam, Ponmar and Sithalapakkam. Shopping areas and transport and work places are located conveniently from this point. Ambattur is another area where people are choosing to stay for its affordability. However, a drawback of the area would be the bad condition of the roads. Keen interest has been taken by developers in the area and they have come up with newer projects. Land availability has also encouraged a lot of developers to start projects here.

Those with modest budgets can consider these areas.

Under Rs 20 lakhs 

 

If you want to buy property for the sake of investments, then you should start small. Areas such as Guduvancheri, Sriperumbudur, Oragadam and Thiruvallur should be considered for this purpose. Most buyers prefer to buy plots here. Located in the south western region, Guduvancheri is preferred because of its closeness to IT hubs, proximity to the OMR or Old Mahabalipuram Road and affordability. It is one of the biggest residential areas between Chengalpet and Tambaram. It attracts a lot of students because of its centres of higher education. The closeness to the National Highway 45 or NH 45, also known as the Great Southern Trunk Road also makes it a lucrative area to live in. It is one of the busiest roads in the south. The stretch is emerging economically primarily because of its closeness to a big SEZ corridor and connectivity through air, road and railways.

Even though plots are mostly demanded here, their supply falls short. Therefore, those who cannot afford to buy plots are opting for flats here. Already 13 projects for residential complexes have been started here. A lot of these projects are slated to be completed by 2015 end and shall be ready for possession.

Over the past 5 years, Guduvancheri has grown rapidly and should continue to grow at similar speeds because land prices are quite attractive for the middle income group.

Oragadam and Sriperumbudur: For the development scope offered by these localities, they have gained vastly as investment destinations. A lot of industries are willing to set up their base here. Since more numbers of industries are coming up here, buyers can expect an increase in jobs here. The emphasis of the 2014 budget has been on the upgrade of the Bangalore-Chennai Industrial Corridor which indicates a Peripheral Ring Road’s construction in Chennai may be implemented. The infrastructural project shall be attempting to associate important industrial areas of Thiruvallur, Sriperumbudur, SingaperumalKoil, Periyapalayam and Thamaraipakkam. NRI focus has been received by both Oragadam and Sriperumbudur as well.

These two areas also have FMCG, electronics, software and manufacturing companies which employ a lot of people. Another advantage of this area is the green field airport which is coming up. An aspect which requires attention still is the commercial side of Oragadam and Sriperumbudur. However, the social infrastructure required in the area is developing gradually. Colleges, schools, road and rail connectivity and hospitals are being constructed here. The price variation in the property shall come up based on whether there is plotted development that has been equipped with sewerage and drainage monitoring, close by parks, electricity supply and roads that have been laid out well.

If buying property in Chennai is not possible for you, you could always rent it! Properties worth Rs 2 to 3 crores may be rented for Rs 35,000 to Rs 60,000 in a month in Besant Nagar. The prices of property in this premium area start from Rs 90 lakhs and may go up to Rs 10 crores even. Those who want to live in a premium locality can opt to rent a flat here in case they can’t afford to buy it.

Among house for rent in Chennai, 3BHK flats in Besant Nagar which have a built up area of 1400 to 2300 sq. ft. may be rened for Rs 30,000 to Rs 60,000. Besant Nagar mostly has 3BHK configurations in supply.

Only HNI and upper middle class people can afford to buy residential properties in Besant Nagar because of the high capital values. However, renting is still an option for most upper-middle class and middle class people here. If you are looking for a smaller configuration, you can rent a 2BHK for Rs 25,000 to Rs 30,000 in a month here. The sizes of these apartments are between 750 sq. ft. and 1100 sq. ft. Capital values of such apartments are between Rs 90 lakhs to Rs 1.5 crores.

Aside from apartments, stand alone house for rent in Chennai Besant Nagar is also available. Mostly top ranking government officials own these properties and they are willing to rent it out to families. Most of the houses are of the size 600 to 2500 sq. ft. and their rent is between Rs 15,000 to Rs 65000 in a month. The capital value of houses in this area is around Rs 1.5 crores to Rs 12 crores and they cover an area of 700 to 4500 sq. ft.

Top 2 Localities of Pune to Rent Property In

Pune is a fast growing city and most surveys have estimated that Bangalore and Pune are the cities whose capital values for residential properties are growing the fastest. Both cities are centres for the IT Boom and there are certain areas in Pune which are doing very well. Most of the IT firms of the city are concentrated in Koregaon Park, Viman Nagar, Kalyani Nagar, Hinjewadi and Aundh. Therefore, it is natural for rent seekers to prefer these areas.

Those interested in living in Central Pune, close to the railway station and airport and other IT hubs should choose Sopan Baug or Vishrantwadi. These areas are less expensive compared to Koregaon Park and Viman Nagar but they offer good connectivity and quality of life to their residents.
Vishrantwadi

Those who have invested in Vishrantwadi in Central Pune have much reason to rejoice. When it comes to the rental market, the locality gives areas such as Kalyani Nagar and Viman Nagar a chase for their money.

The highest returns for the second quarter of 2014 have been clocked by this area with a rental yield of 3.18 percent. Therefore, you are set to receive the highest rental returns every year compared to other areas of Pune if you have invested in property here.

Currently, capital values of Vishrantwadi are around Rs 5100 to Rs 6500 per sq. ft Therefore, if you have invested roughly Rs 50 lakhs in a property here, you can earn around Rs 1.5 lakhs from it every year.  The capital market of the area is saturated almost but the demand for rental accommodations is quite high here.

Affordable and Plush

Vishrantwadi is a classy area in Pune to live in which offers premium lifestyle. Also, compared to areas such as Viman Nagar, Kalyani Nagar and Koregaon Park, where the rental values are roughly 20 to 25 percent more, the rental values of Vishrantnagar are much affordable.

Flats in Pune for rent in the 3, 2 or 1BHK style are available here for Rs 12000 to Rs 20000 in a month.

Infrastructure and Connectivity of Vishrantwadi

Because of its central location, access to different parts of Pune is possible from here. The area is near the Alandi Road which is in proximity to Viman Nagar, Kalyani Nagar and Shivaji Nagar. The important roads which connect Vishrantwadi to other areas of Pune are Dhanori Road and Vishrantwadi Airport Road or Tingre Nagar Road.

The airport and Pune Railway Station in Lohegaon is quite close. The airport is roughly 8 minute drive away or 4kms from here and the railway station is only 7kms which takes 20 minutes by car.  Autos and buses connect the locality to rest of Pune. The PMPML or Pune Mahanagar Parivahan Mahamandal Limited has a number of routes on which buses ply. A proposal for implementing BRTS corridor on Airport Roads and Alandi has also been proposed.

The social fabric of the area is also well developed as retail and brand showrooms are present here. Banks, restaurants, medical care centres, colleges and schools are present here.

Closeness to IT hubs

The IT hubs of Yerwada Jail Road are only 3kms from Vishrantwadi. IT employees would find this a promising location to be in because of the presence of companies such as TCS and IBM. In fact, IT employees are the biggest demanders of rental flats in Pune Vishrantwadi. In terms of connectivity, Vishrantwadi is a good place to stay in for connectivity, good lifestyle and affordability.

Sopan Baug

One of the most premium areas in Pune is Sopan Baug whose flats’ capital value is around Rs 1 crore roughly. Surprisingly, rent is quite affordable here. Spacious and premium properties are available in this area for only Rs 17,000 as monthly rent. For this amount, you can easily rent a 2BHK apartment here.

The capital values in Sopan Baug for 3 and 2BHK flats are between Rs 75 lakhs to Rs 1.45 crores and more. Surprisingly, the rental values are between Rs 18,000 to Rs 25,000 in a month. For a 2BHK apartment whose size is between 1000 and 1200 sq. ft., you have to pay Rs 20,000 as monthly rent. Several options for 3BHK apartments are also available for Rs 25,000 or more in a month. These flats range from 1400 to 1600 sq. ft. 

Most people who relocate to Pune for jobs assume that cost of renting an apartment in Pune’s premium and posh locations is very high. However, most of them are taken aback when they find out that the rental accommodations in Pune’s prime locations are not only affordable but also spacious and comfortable. They offer peaceful environments which allow residents to live a relaxed and quality life.

Sopan Baug is close to Kalyani Nagar which is a hub of IT firms. A lot of IT firm employees choose to stay at Sopan Baug over Wadgaon Sheri, Koregaon Park and Hadapsar.  This is mainly because of the peaceful environment offered by Sopan Baug for its proximity to the Empress Garden. Peaceful and serene environment along with spacious flats offer good and quality life to renters.

Rents in Sopan Baug are slightly higher than Hadapsar and Wadgaon Sheri although the locality is quite well established and is classified as premium over many others. The social infrastructure is also quite good in the area alongside connectivity. Another positive aspect of SopanBaug is that its rents are cheaper by 10 to 15 percent compared to Kalyani Nagar and Koregaon Park.

Sopan Baug enjoys good connectivity with the railway station and the airport via the Princes of Wales Road. Lohegaon’s international airport is only 9.5kms away from here while the Pune Railway Station is only 4kms away. Other prominent areas such as Koregaon Park, Kalyani Nagar and Viman Nagar are only 5 to 9 kms away from here. The posh location, access to other posh and important areas and a serene and calm environment in Sopan Baug attract property buyers and renters.

Therefore, if you are new to Pune, you should choose one of these affordable, safe and secure localities to live in.

Finding Affordable Property In and Around Mumbai

Mumbai is the financial capital of the country and hence it attracts a lot of people to the city for the purpose of work. The residential options in the city are quite hard pressed because of the large influx of people. The property prices are sky high and mostly out of the reach of service class people. Most people in the service sector are pushed to the outskirts of the city where property prices are somewhat affordable. Ghatkopar West is one such area where a lot of middle class people reside. However, in recent times, rental and capital values have gone up by close to 50 percent in the past 3 years in this area. As the Ghatkopar-Andheri-Versova Metro was completed and began operations, the value of property in the area would increase by almost 10 percent to 15 percent in the coming 6 months.

The first Mumbai metro railway link or the VAG corridor or Versova, Andheri and Ghatkopar corridor makes connection among areas such as Azad Nagar, Andheri, Chakala, Western Express Highway, Sakinaka and Airport Road. It also connects the Western and Eastern suburbs of Mumbai. The metro links which have started functioning have boosted the real estate market in Ghatkopar West apart from improving connectivity across the city. Previously, commuters required changing trains in Dadar for reaching their offices in West Suburbs which has now been made into a direct route for the metro. The metro railway link has reduced travelling time between Ghatkopar and Versova from 90 to 100 minutes to only 20 minutes. During work hours the transit time became more hectic as there were long traffic snarls. However, as the metro railway has been started travelling has been made easier for the service class.

Liveability of Ghatkopar West has increased as it now enjoys better access to business district and lesser congestion of roads. Young couples and nuclear families that cannot afford purchase of properties in the Western Suburbs and Andheri are purchasing property in this neighbourhood. Because of the lowered travel time, buyers have been offered an option of living in a neighbourhood which has all kinds of infrastructure such as hospitals, schools, banks, malls and restaurants whereas the load on their budget is lower. The average value of capital in Andheri West is around Rs 19000 to Rs 25000 for a square feet whereas in Ghatkopar West the square feet price is around Rs 15,000 to Rs 18,500 per square feet.

The areas of flats are much bigger in Ghatkopar West even though the prices are much lesser. For example, for a 2BHK apartment (most supplied units in the neighbourhood) the price range is around Rs 1 crore to Rs 2.5 crore and the area covered is around 850 sq. ft. to 1500 sq. ft. A 3BHK apartment would cost around Rs 2 crores to Rs 4 crores covers a carpet area of 1350 sq. ft. to 2500 sq. ft. The rental rates in the area are also much lower. For example, per square feet the rental rate is around Rs 40 to Rs 50 in a month in Andheri West whereas in Ghatkopar West, the rental value is around Rs 35 to Rs 40 for square feet in a month. For a 1BHK apartment in Ghatkopar West, rent per month would be around Rs 20,000 to Rs 25,000 in a month while 2 BHK flats in Mumbai could be leased for Rs 30,000 to Rs 50,000 in a month. The rental rate for 3BHK flats would be around Rs 42,000 to Rs 60,000 in a month.

With the high availability of social infrastructure and relatively lower cost of living and improved connectivity via the metro railway, Ghatkopar West has the potential for both end users and investors.

Those looking for more affordable residences within Mumbai and around it or have a fixed budget between Rs 20 lakhs and Rs 40 lakhs, there are two hotspots that are emerging and offer properties suitable to one’s budget.

Asangaon

Within a budget of Rs 20 lakhs and Rs 30 lakhs, you would find flats in Asangaon. In this price range, 1 BHK and 2 BHK flats in Mumbai are available which measure between 450 sq. ft. and 1200 sq. ft. Several 1BHK apartment options are available for budgets of Rs 10 lakhs to Rs 15 lakhs. When it comes to infrastructure, Asangaon is much under development. Via the expressway, Asangaon is around 70kms away from Mumbai and is a part of Thane. More than four hundred manufacturing units operate in the area which brings in people for work and hence demand for housing is being pressed. Also, the area has a railway station of its own which is linked to Mumbai’s central line of the suburban rail network.

Panvel

Panvel connects Pune and Mumbai and is located in Navi Mumbai. This area is best suited for those people wanting to invest in property which costs within Rs 20 lakhs to Rs 40 lakhs and wanting to be near Mumbai. Most of the apartments which are available in this price range cost between Rs 20 lakhs to Rs 40 lakhs. There are over 20 new projects which are coming up along with smaller apartment complexes which are in numerous stages of completion. Most people buying apartments in Panvel belong to the middle class segment who cannot afford prime areas in Thane or Navi Mumbai. Most of the real estate market in Panvel is investor driven and the market attracts mostly those kinds of investors who are making their third or fourth investment.

The prices of property are so high in Mumbai that most of the service class people have been pushed to the outskirts or to areas such as Thane and Navi Mumbai. Prices in these two areas too are escalating rapidly thanks to the excess demand coming in from both investors and end users. Capital appreciation in Navi Mumbai in certain areas has been almost 15 to 20 percent in the past couple of years which shows how pressurizing the demand would turn out to be in near future.

Upcoming Localities and Housing Facilities in Delhi NCR

Among the top ten localities which are preferred in Ghaziabad, Sahibabad has made an entry. It has been a commercial and industrial zone of Ghaziabad but now, it has turned out to be a hotbed of residential real estate activities. Compared to close by areas such as Vasundhara, Raj Nagar extension and Mohan Nagar but the realty in Sahibabad is still growing. Currently, only a handful of noteworthy developers have started projects in the area. However, the infrastructure development in the area is quite good which is prompting Sahibabad to grow as a property destination. Within 2-3 years, the area will transform into a residential hub and have numerous projects offering various amenities.

                                                       
A lot of developers have understood the capability of this area for buying a residential hub which is close to the Delhi and other NCR region which has prompted the beginning of construction for residential apartments in the last couple of years. Both end users and investors have been seen to divert their attention to this area. One of the main reasons why people prefer this area is because of the peaceful environment. The area has fewer numbers of people living here which is why there is a lot of openness and greenery around. The green surroundings have encourages a lot of builders to start up projects here. However, building residences here is not very easy as clearance needs to be obtained from the Hindon Air Force Station and the local GDA. Once the clearances area obtained, builders can begin construction here although it cannot go beyond 14 storeys.

 Another reason why people want to live here is the direct link of Sahibabad to the Delhi NCR region through Mohan Nagar. Moreove, the NH 91 from New Delhi goes through the NH 58 and then crosses Sahibabad and further goes on to the NH 24. This has brought in a lot of investor and end user attention to this area. Most of the buyers belong to the service class and they prefer buying middle segment properties which are available between Rs 30 lakhs and Rs 50 lakh. The cost of a 2BHK unit in this area is roughly between Rs 30 lakhs and Rs 60 lakhs and their sizes are between 1000 sq. ft. and 1200 sq. ft.
For 2 BHK flat in Delhi prime locations you would have to spend anything between Rs 2 crore to Rs 3 crore. The 3BHK units that are available are between 1450 sq. ft. and 1800 sq. ft. and they cost around Rs 40 lakhs to Rs 80 lakhs. Both semi-furnished and furnished apartments are available and they come up amenities such as reserved parking, water storage, power back up, vaastu compliance and security round the clock.

 The projects which are under construction are being tagged as ones which are offering affordable luxury and additional basic amenities which have attracted the attention of NCR homebuyers. The social and physical infrastructure of the area is also another factor which has brought in numbers of buyers. Many leading universities, schools and medical centres are located around and in the area. Retail stores and shopping areas are also available nearby. The area more or less offers all that a household needs. Therefore, for spacious places to live in with modern amenities, Sahibabad is the best area. The flats are much affordable compared to 2BHK flat in Delhi and the ambience is better too.

DDA has also started off with its own housing schemes within a fortnight and this housing scheme is believed to be the largest. The 2014 scheme shall be offering around 25,600 flats and the brochures shall be made available shortly from 25^th August. The largest component of the scheme is the 1BHK apartments available, 24000 in number almost. The 1 BHK apartments are slated to have 28 sq. metres and along with common space, the area comes up to be 32 sq. m. The authorities claim that the main emphasis of the apartment complexes would be the fund devoted to the maintenance of the flats for 30 years, Rs 300 crores and also the green technology being employed for the housing society.

 The fund allotted for maintenance is the largest which has been introduced by the DDA and it will be collected through a fix amount which shall be collected from every apartment owner. Within the cost of the flats, the officials have included Rs 1.3 lakhs which when brought in together will yield Rs 300 crores. The interest which the corpus brings in shall be used for maintenance works of the flats for both electrical and civil works. The brochure is expected to bear a promise from the DDA regarding the maintenance of the stairwells, facades, and the surrounding area along with the electrical fittings. The authority may take up the onus of maintaining the flats themselves or they could allot the money to the RWA of the area.

 One of the highlights of these flats is the AAC blocks or Auto-clave Aerated Concrete blocks that shall provide economic construction and design from the point of view of health, electric fixtures which are energy efficient for the purpose of lighting up the common space and a VOC or Volatile Organic Compound for painting the houses, and use of fly ash for concreting and tanks for rain water harvesting and a 5 L limited capacity cistern for conserving water.

 The DDA is quite hopeful of fulfilling expectations via their efforts in the housing scheme and their emphasis on the fund for maintenance and green norms would bring in a lot of buyers. Housing in Delhi is very expensive which is why the DDA has brought in forty three housing schemes in Delhi that would provide 3.5 lakh houses in the city. These schemes have a mix of both 1BHK and 2 BHK flat in Delhi on offer and the properties are quite affordable compared to what private builders and developers would be charging for them. These schemes would be of much help to the middle and low income group residents of the city.