All over the world, it is the same story. More and more people are living and moving to cities today than any other time in human history. In India’s case, the migration of people to cities have accelerated in the last twenty years. This, of course, is a result of liberalization and the opening up of the economy which creates more jobs in the cities. And, as we all know, Indian cities are filled with middle-class professionals as our service sector is booming.
The most important need of the professional (whether individual or family) is planned and affordable housing. Now, it can appear that we have articulated the criterion very broadly. However, on closer inspection, with some examples, it will emerge that in Delhi these two words sum up the concerns of a home buyer.
A house qualifies as affordable, especially in a city like Delhi with ever rising living costs, only if it does not eat into the everyday budget of an individual or family. The latter’s case is especially concerning because children’s education and other related expenses take a major share of the family income. This, of course, does not mean that you compromise on the planning criterion. This is what we at Smart City Residency understand so well. A house is good and desirable when it is in a planned locality as well. One needs all the community infrastructure to live a good life. This includes parks, parking space, community center, playground, etc. We are sure you can find big houses in congested localities as well. However, a planned and green neighborhood contributes substantially towards you living a peaceful and healthier life.
The idea to develop a Smart City in Dwarka was proposed by DDA as part of the modifications to Delhi Master Plan 2021. The idea has very simple and clear goals: develop planned, spacious and affordable housing to meet the demands of the growing middle-class residents in the city. With Smart City Residency project we want to contribute our real estate expertise and experience to the Smart City Awas Yojna vision of DDA.
We were also driven in this direction based on what primary research revealed to us. Many old residential areas are creaking and have old and poor infrastructure. Moreover, they are technically backward when it comes to real estate technology and are not keeping up with the times. As a result, many of the old residents of the city are being forced to look for a house outside Delhi. And, in their desire to stay as close to Delhi as possible they end up shelling their savings on expensive housing in Noida, Greater Noida, Ghaziabad, etc.
You, however, will be delighted to know that the government and DDA both worked hard towards resolving this crisis in a very short time. And, Smart City Residency is our humble share in the solution to Delhi’s housing problem. By now you would have of course guessed the location of the project. Yes, it is coming up in ever popular and sought after Dwarka phase 2. Being a resident you can look forward to enjoying great connectivity with Delhi Metro. Also, IGI airport is nearby and Gurgaon too is only a short distance away.
Smart City Residency project also takes in to account the difficulty women face in finding good housing. Affordable or not, it is problem that persists even in today’s time. Also, in place of better security they are charged higher rents – as if this by itself would entail a greater sense of safety to you. Whether you are single working woman, or have a family, you can enjoy the benefit of Smart City Residency reserving 33% of all housing units for women.
The guiding force behind Smart City Residency’s mission is the Prime Minister’s Pradhan Mantri Awas Yojna. Our goal corresponds fully with the Prime Minister’s – affordable and good housing for all.