Affordable Housing for the Middle Class – Mohnish Mohan Mukkar

“What does affordable housing in Gurgaon, with its high-lifestyle, urbanization, and posh-societies look like?” You may think, given that Residential Flats varies in its meaning for different demographic profiles. Especially in the Indian real estate market, affordable housing has a connotation for housing for the lower income group (LIG), by which they too can enjoy a comfortable living and security. With the incumbent government’s focus on this section and more on the affordable housing, it seems like the real estate sector has been able to get the boost that it had been waiting for of late.

However, there is an important trend that needs to be taken note of before the government claims that its affordable housing project is a success. The term affordable housing, in different contexts, also has a local meaning. According to this, affordable housing includes housing options for a segment of population that can become potential home buyers in a city. If we take this definition into consideration, there is a sizeable population in every city, which although it will not identify with or fall under the LIG, is equally incapable of allotting a large budget for buying homes. It is not only sensitive and cost-wary but is looking forward to finding a house of a decent budget-size within the realms of the city. A typical example is of the residential flats in Gurgaon, which although are well-furnished, but do not still fall under the budget for the middle class.

When we take this population’s demands and needs a little more seriously, we find that there is a dearth of properties in good locations within the city, which buyers can afford. These buyers often have a budget of INR 30-40 lakhs, but more cities including Delhi NCR have a deficit in properties which match this budget range. Usually properties which are around INR 20 lakhs are still on the outskirts lacking good transportation and other facilities required by the urban middle class. This means that there is indeed a requirement for more housing under the affordable housing section, where different demographic profiles can find properties for themselves.

Mohnish Mohan Mukkar

There is an urgent need for developers to come up with budget housing projects in the larger cities. As modern India moves towards development and rising aspirations, affordable housing and the security that comes with it, is increasing. This appears to be a very high opportunity for developers who can count on a boost in the real estate industry. More absorption of the housing projects in the urban cities is also a strong indicator of the socio-economic growth in the country, thereby projecting a positive image. While the demand is strong and only increasing, there are a lot of policy-level changes that need to be introduced.

Not only will the affordable housing for the middle class prove to be a sustainable business model for the future, it will also allow more cities to come up to ranks. More affordable housing projects will assure developers that they do not struggle with inflation or even setbacks in the economy. Another trend that one needs to channelize is that more real estate investors are now eyeing budget and affordable housing projects. Where luxury homes and premium homes find it hard to make it through a rough economy, affordable housing is still on the move. The healthy demand in addition with more money coming in steady from investors means a healthy micro-economy. It is now time for builders and the government to give this proposition a try, ensuring that the overall development of the country happens throughout.

The Advantages and Benefits of Using Spray Foam Insulation at Home – Mohnish Mohan Mukkar

Whether you are building a new home or remodeling the current one, it is vital to give importance to the perfect insulation. There are a number of options available and you have to make the right decision. You can come across a host of products that are pocket friendly, but in the long run they won’t be the right solution. Similarly, there are expensive products available as well and they can save hundreds of dollars on your electricity bills in the long run.

What do you know about spray foam insulation?

Spray foam has been very popular in the recent times and has popped up as an efficient home insulator. There are two compounds used in its making, isocyanate and polyol resin which are known to expand in volume when mixed together. If the compounds are stored separately, they can be retained for a longer period of time. When they are mixed, they form foam and must be applied immediately. When this is applied to an area, it hardens after a short interval of time and acts as an excellent insulating layer. Moreover, it is durable as well.

Spray foam insulation is better

If spray foam insulation is compared with other types of insulation in terms of their effectiveness, this is highly effective. It has a high R value ranging from 6 to 7.7. The effectiveness of insulation is measured in terms of an R-Value. When the R-value is higher, the density of the insulator is higher and hence the effectiveness is also more. If this insulator is compared with that of fiber glass insulation, which has an R-value of only 3.5, you can get an idea about the better product. In case, you are looking out for this services in the UK, you won’t be disappointed with the varying options that are available.

Opting for spray foam insulation is beneficial

One of the major benefits of spray foam insulation is its application process. The entire process is very easy and without any hassles. Regardless of the surface, horizontal or vertical, the insulation can be applied. The foam can be easily sprayed across the designated surface area in an absolutely uniform manner. You don’t need any cutting mats or measuring for the application. Furthermore, the wearing and tearing of this insulation is relatively less and its durability is also longer.

 

What makes spray foam an efficient insulator?

• The application process can be finished in a short period of time. It gets hard and sets within a very short period of time.
• The application of this is also very easy without the requirement of any measuring and precise cuts.
• The spray foam has an expanding nature. Hence, when it is applied on a surface area, it starts expanding. Hence, the insulation is watertight and airtight, providing an excellent seal.

• The insulation via spray foam is simply outstanding. It will keep the interior of your home warm during the winter months and vice versa in the summer time. Basically, this can insulate your home pretty good.

In case, you have been planning to get your home insulated, it is highly recommended to apply this and provide the right insulation in your home.

Can spray foam insulation help in the prevention of mold infection?

You will be happy to know that there are specific variations of this which includes microbial agents as the ingredients. It can be beneficial in the prevention of the mold growth in your home. In case you reside in a humid place, there is every possibility that your home might be infected with mold, which are often undetected until they becomes too severe.

This is not good for the health of your family. When there is an insulator that can provide a guard against the mold infection and offer a healthier home, you must opt for it. Spray foam is a highly durable and effective mold preventing insulator that must be applied. In fact, this insulator also helps in preventing insects and vermin getting inside your home. Why wait when you can protect your home with spray foam?

There has been a huge demand for spray foam in the recent years. There are so many benefits that such an insulation offers.

News Reporter

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