Deen Dayal Jan Awas Yojana (DDJAY) is one of the most prominent affordable housing programs introduced by the Government of Haryana and envisions to offer affordable housing implications to every strata of people. This scheme is introduced on November 1, 2015, on Golden Jubilee Day of Haryana and it is being driven by the Prime Minister Narendra Modi who has changed the landscape of affordable housing in the state. With amongst the many areas gaining an advantage with this venture, Deen Dayal Jan Awas Yojana plots Panipat have become one of the most demanded houses or apartments to buy and invest in amongst people since they are affordable, trustworthy and have a very high growth potential.
The DDJAY scheme emphasizes first and main is to ensure that purchase of houses is affordable and within the reach of all classes of the economy more so the poor and the middle income earners. An example of such commitment is Deen Dayal Jan Awas Yojana plots Panipat, whose rate has been highly subsidized to make it affordable and of quality and at the same time having the infrastructure to support the land. These plots are accompanied by a guarantee of well-designed city facilities such as well-established roads, running water taps, stable electricity, a well-organized sewerage system, sufficient street lights among others. Such current underlying infrastructure will guarantee that the community gets to enjoy a comfortable and stress-free life as soon as they move-in which is unlike most other residential types within the area.
One of the main factors why DDJAY plots Panipat are an attractive investment option is in the clear title and rule of law that is conducive in Haryana government. The scheme provides a requirement of registration of individual plots to facilitate the unique and unquestionable registration of ownership of the buyer. This removes the usual worries of property wrangles or no clear titles, as is the case with the real estate market. The fact that the government supports such plots contributes to buyer confidence and it therefore becomes a safe and reliable option by families and investors.
Under this scheme the owners are also permitted building on their plots to several storeys- usually up to four storeys plus parking on stilts. This flexibility of sideways development is important because the plot owners will be able to expand their areas of living or they can make it into renting units which can earn them more revenue. This does not only add to the utility of land but it also allows addition on the potential returns on the investment. This alternative presents DDJAY plots Panipat as an affordable investment to many buyers besides a place to live.
Panipat can be used in a variety of ways in DDJAY plot. To families these actions are cheaper to construct their own homes in safe government-planned neighborhoods. To still other people they are holiday houses or vacation spots freeing them of city life. To the investors, the land will be a good investment with prospects of an increased value given the high rate of urbanization witnessed in Haryana and the demand of low cost housing. Such combination of affordability and growth potential provides the valuable value proposition.
The strategic location of Panipat is another aspect which makes DDJAY have an affordable and reliable plot. Being close to major transportation networks and economic centers Panipat has a great connection with Delhi NCR and other regions of Haryana. When coupled with the current infrastructural developments namely, improved road networks, new learning institutions, health facilities, shopping centers among others will give the region greater livability and appeal. Therefore, when one owns a plot in this locality it implies that one has everything that comes with the tranquility of the residential area without losing out the urban luxuries.
In terms of investment, paying in Deen Dayal Jan Awas Yojana plot Panipat is beneficial due to the pricing policy conducted by the government, according to which plots are accessible to people with any income. There are easy loans and flexible payment plans that make the buying process even easier. The plots will gain value continuously with the passage of time as now through city development in Panipat, more and more demand is created which would result in good capital gain. The possibility of the vertical construction to generate rental income also contributes positively to the economic value of such plots.
It is an important feature that makes the scheme socially inclusive. DDJAY will be able to service the economically weaker sections, low-income groups, and middle-income families, which will facilitate the development of equitable housing resource. The open nature of the allocation and strict supervision gives the government less opportunity to engage in malpractices and the benefits are supplied to the real buyers. Such element encourages trust and confidence in participants.
Development of DDJAY plots Panipat is also marred with environmental sustainability. This government also requires green grounds, working water and waste management system and environmental friendly methods of building. Not only do these green practices enhance life standards of the people within the community but they also add to the value and potential desirability of the homes.