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Home | Uncategorized | Real Estate New Focus on Low-Cost Township

Real Estate New Focus on Low-Cost Township

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admin 01/10/2008 05:21:03

A stage is being set by the real estate players to focus on low-cost housing as inflation is ruling the roost. A number of players are entering into low-cost housing sector. The cost of construction, at Rs. 999 square fet, is fraction of the Rs 25, 00-3,500 prevailing in cities like Mumbai and other major cities. At this rate the bigger flats in the township in the size of 500 sq ft and 700 sq ft are priced at Rs 5 to 7 lakhs, which makes it a promising deal. Matheran Realty a Mumbai-based company has recently launched its project. It is a point venture between sterling construction system and ere den capital a London-based investment company which has invested over Rs. 100 crore into the project. Has been conceptualized by Sinclair Knight Mertz, an Australian firm with expertise in urban infrastructure planning. The Project primarily targets families with Rs 10,000 a month income Housing rates will be given. The promoters expect to get a huge response to its low-cost housing scheme. The company intents to construct 15,000 units at Karjat. It has zeroed in on additional 900 acres in Mumbai suburbs. The township offers homes with integrated facilities such as schools, theatres and retail outlets

[caption id="attachment_79" align="aligncenter" width="300" caption="New Township "]