India, like most of the developing countries, is undergoing rampant urbanization. In 2001, just 28% of Indian population lived in urban areas. In the census of 2011, this percentage rose to 31%, which is projected to cross 600 million by 2031.
As more and more people migrate to cities and towns, the existing infrastructure needs to be upgraded to handle the growing population influx. Housing, being the basic need of every citizen, has to be taken care of at the first instance along with roads, sanitation and other facilities. Currently, India’s housing deficit stands at 19 million units, which is expected to double to 38 million units by 2031.
It is important to note that over 90% of India’s housing deficit is from the Economically Weaker Sections (EWS) as well as the Low Income Group (LIG). Moreover, a segment of the Middle Income Group (MIG) is also deprived of decent living spaces as they stay in too congested or very old homes.
In view of the above, India has to cater to the housing needs of this major chunk of population, which is one of the main participants of India’s growth story. Presently this segment lives in cramped, poorly constructed houses, slum or shanties, due to lack of available housing options, combined with limited income and minimal access to home finance for low income borrowers.
This is where the need for Affordable Housing arises, for which the Government has also chalked out various ambitious programs, including ‘Housing for all by 2022’. Besides providing reasonable living spaces to the working segment of society, affordable housing will prove to be a key driver of India’s overall development.
In its contribution towards nation building, The ROF Group is proud to present its Affordable Housing Project ROF AALAYAS at Sector 102, Dwarka Expressway, Gurgaon. With its excellent location, enviable surroundings, modern facilities and amenities, the 1 & 2 BHK apartments in ROF AALAYAS are bound to be the best bargain for people looking for their own home at an affordable cost starting from Rs. 12.34 lacs.
Plot No.80, 1st Floor, Sector-44, Gurgaon-122003
Tel: +91 124 4399 399