Top Benefits of Buying EWS Flats in Faridabad – Affordable Housing Made Easy
Top Benefits of Buying EWS Flats in Faridabad – Affordable Housing Made Easy
Blog Article
Finding an affordable home in a rapidly growing city like Faridabad can be challenging, especially for economically weaker sections (EWS). However, with the introduction of EWS flats in Faridabad under various affordable housing schemes, owning a home has become easier and more affordable. Faridabad, being a prominent part of the National Capital Region (NCR), offers excellent opportunities for homebuyers looking for budget-friendly flats. In this blog, we will explore the top benefits of buying EWS flats in Faridabad and why it is a smart investment choice.
What Are EWS Flats?
EWS (Economically Weaker Section) flats are affordable residential units developed under government-backed housing schemes to provide homes to individuals belonging to lower-income groups. These flats come with certain size restrictions (usually 30 square meters) and are offered at subsidized prices to make homeownership easier for low-income families.
The Government of India, through its Pradhan Mantri Awas Yojana (PMAY) and other housing development programs, has made it possible for individuals to own an EWS flat with minimum investment.
Top Benefits of Buying EWS Flats in Faridabad
1. Affordable Pricing
One of the most significant advantages of purchasing an EWS flat in Faridabad is its affordability. The pricing of these flats is considerably lower than standard residential properties, making it easier for individuals with low or moderate income to buy a home. These flats are typically offered at subsidized rates through government housing schemes.
Moreover, the cost of living in Faridabad is relatively lower compared to other parts of NCR, allowing homeowners to maintain a comfortable lifestyle within budget.
2. Easy Home Loan Availability
The government, in association with various financial institutions, provides easy home loan facilities for purchasing EWS flats in Faridabad. Under the Pradhan Mantri Awas Yojana (PMAY), eligible homebuyers can avail of home loans at a reduced interest rate. This makes it easier for individuals to afford a home without straining their finances.
Additionally, many private banks and housing finance companies offer tailored home loan schemes specifically for EWS category buyers.
3. Government Subsidies and Benefits
The biggest advantage of buying an EWS flat in Faridabad is the availability of government subsidies and financial benefits. Under the Credit Linked Subsidy Scheme (CLSS) of PMAY, homebuyers can receive a subsidy of up to Rs. 2.67 lakh on their home loan interest. This significantly reduces the financial burden on low-income families.
Apart from loan subsidies, the government also facilitates easy documentation and fast-tracking of property possession for EWS category buyers.
4. Growing Infrastructure in Faridabad
Faridabad is witnessing rapid infrastructural development, making it an ideal place for homebuyers. From metro connectivity to improved road infrastructure and new commercial hubs, Faridabad is gradually transforming into a well-developed urban center.
Investing in an EWS flat in Faridabad means securing a home in a city with immense future growth potential. The increasing property demand in Faridabad may also boost the property value, offering long-term investment benefits.
5. Better Living Standards
Many society flats in Faridabad are now being developed with modern amenities such as:
- 24/7 water and electricity supply
- Parks and recreational areas
- Secure gated communities
- Close proximity to schools, hospitals, and markets
This ensures a comfortable and convenient living experience for families moving into EWS flats. The availability of nearby social infrastructure also makes these flats highly desirable for long-term living.
6. Enhanced Connectivity to Major Cities
Another major benefit of buying an EWS flat in Faridabad is its excellent connectivity to major cities like Delhi, Gurgaon, and Noida. With easy access to metro lines, highways, and major roads, commuting from Faridabad to other parts of NCR has become highly convenient.
For working professionals and daily commuters, living in Faridabad offers both affordability and accessibility.
7. Increased Property Value in the Future
Investing in EWS flats in Faridabad today can offer significant returns in the future. As the city continues to develop with upcoming commercial centers, shopping complexes, and public transportation systems, property prices are expected to rise.
This means buyers who invest in affordable housing now could benefit from high property appreciation in the coming years.
8. Community Living Experience
Many EWS flats in Faridabad are built within well-planned housing societies that offer community living. This promotes a healthy social environment, especially for families with children and elderly members. Facilities such as community parks, recreational centers, and common areas encourage social interaction among residents. Report this page