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Ans - Affordable housing refers to housing units that are affordable by that section of society whose income is below the median household income. In India, affordable housing is provided for low income people, middle income people and economically weaker sections who have considerably low levels of income (urban areas).

Ans - Here are some information on the interest rate of housing loans in India:

  • The average interest rate on home loans in India is 8.3%.
  • The lowest interest rate on home loans in India is 6.5%.
  • The highest interest rate on home loans in India is 12%.
  • The interest rate on home loans has been increasing since May 2022, when the RBI started raising the repo rate to control inflation.
  • The RBI is expected to continue raising the repo rate in the coming months, which will lead to further increases in the interest rate on home loans.

Ans - “Affordable Housing” is defined as a housing project using at least 50% of the Floor Area Ratio (FAR)/Floor Space Index (FSI) for dwelling units with carpet area of not more than 60 square meters

Ans - In Arkade Nest, there's an expansive array of amenities awaiting for homebuyers, creating a haven of comfort and luxury.

  • gym
  • green park
  • open area
  • children play area
  • multipurpose area
  • security system
  • sits-outs jogging track
  • dedicated parking zone

Ans - You can estimate the price of 2bhk flats in Mumbai by looking at the builders' reputation, the flat resale price, the location value, amenities, construction quality, stamp duty and registration charges, brokerage fee, and other additional costs.