With most of
affordable housing projects being developed on the outskirts of cities, at 15
to 20 km Ahmedabad & Kolkata cities
offer the closest proximity to CBDs (central business districts) as against
major cities like Mumbai, NCR & Bangalore which offer the same at 60 to 65
km.
Affordable
Housing: An Inclusive Approach To Sheltering The Bottom Of The Pyramid..!
According to a
report titled 'Affordable Housing: An Inclusive Approach To Sheltering The
Bottom Of The Pyramid', Jones Lang LaSalle India (JLL) suggests that as
compared to some major cities like Mumbai, NCR, Bangalore, Pune & Chennai,
cities like Ahmedabad & Kolkata have an advantage due to high proximity of
affordable housing projects to city centre.
Highlights of
Report..!
^ Depending on
the decay of plot of land prices, cities offer parcels for such developments at
different distances from the city centre.
^Mumbai &
Delhi NCR have affordable housing projects located 65 to 75 km away from the
city centre.
^ Ahmedabad
& Kolkata provide better proximity,
with projects located at a distance of 15 to 20 km from the city centre.
^ Bangalore,
Pune & Chennai also have projects after a distance of 25 to 30 km from the
city centre.
^ Amongst the
developers, Tata Housing (Shubh Griha) & VBHC are entirely focused on low
income affordable housing & have already launched multiple projects across
cities, with announcements for large expansion into new cities and locations.
^ Foliage, DBS
Affordable Home & Nirman Group have
multiple projects in Ahmedabad & Mumbai.
^ The proximity
has indeed helped players in Ahmedabad with projects witnessing prompt response
from buyers.
Karjat, Palghar
& Boisar in Mumbai along with Narol and Vatva in Ahmedabad have multiple
ongoing projects catering to low-income groups. There are almost 80 affordable
housing developments in areas of New Maninagar, Narol, Vatva and Kathwada in
Ahmedabad being executed by developers like Santosh Associates, Foliage, Galaxy
Developer, Dharmadev Builders, DBS Affordable Home, Shree Ram Developers.
Mr. Neeraj
Tomar, Regional director - Gujarat, JLL India, said,
"Ahmedabad' high proximity to city centre for affordable housing projects
has been a major attraction for manufacturing sector. It helps manufacturing
industry in better decision making of setting up a plant on the outskirts of
Ahmedabad. Such high proximity offers easy and low cost conveyance for human
resource to travel to place of work at these manufacturing plants
Mr. BR
Balachandran, Executive Director, DBS Affordable Housing said, "We have launched 2 affordable housing
projects of 800 flats each on the outskirts of Ahmedabad which has seen almost
100% bookings. This is because the proximity is high to CBDs in the city. Also,
being within municipal limits, access to water, electricity and other services
tends to be easy for end users" .
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