In the past two decades, Gurgaon has emerged as the leading real estate destination in our country, attracting foreign investors and fueling real estate projects that cater to every section of society based on their financial backgrounds. In the last few years, affordable housing has equally become a trend among the low and mid-segment class, who largely constitute the end-users. This is a clear indication that a large section of the society in Gurgaon still resides in rented houses because they cannot afford to buy a house in any premium societies due to the high appreciation of properties beyond their budget.<figure class="image"><img src="https://www.signatureglobal.in/blog/wp-content/uploads/2023/11/Industrial-Blog-2.jpg" alt=""></figure>The government has categorically planned to address the housing needs of low and mid-segment families, considering Gurgaon's population explosion and its appeal as a settling place. It has been observed that the share of affordable homes in the overall residential sales in the real estate market in the country's major cities has been on the downside. However, it covers a large section of the society, and in the recent decade, many real estate promoters have built housing projects specifically to address this section, and it has been successful.This may be due to multiple reasons; the facilities in the residential housing societies covered by the affordable housing policy are much less compared to the facilities available in non-affordable societies. The population density in an affordable society is three times that of a non-affordable society, and in affordable societies, issues such as vehicle parking and maintenance disputes are significant concerns. Despite these challenges, the government has granted relaxations to real estate promoters under the affordable housing policy. However, rising prices of land and construction materials are emerging as major restraints for builders.Nevertheless, the region has registered a remarkable upswing in luxury housing sales, especially in NCR cities, including Gurgaon. This may be attributed to the growing popularity of opulent living spaces, reflecting the trend of re-strengthening the real estate sector in the region. Real estate experts believe that the unique blend of prime locations, exquisite interiors, cutting-edge amenities, security, and sustainability may be the reason behind the surge, redefining the landscape with state-of-the-art amenities, lavish interiors, and exquisite locations, attracting an ever-increasing number of discerning buyers.In this decade, real estate promoter <a href="https://www.signatureglobal.in">Signature Global</a> has offered luxury housing at a great price to accommodate a large section of the society that could not afford similar facilities in super luxury projects. Signature Global's housing projects in prime locations in Gurgaon have carved a niche, making it available for low and mid-segment families with floors and flats at a reasonable budget.

Revolutionizing Luxury Living: Affordable Opulence Redefines Real Estate Landscape