Affordable
Housing across India are finding buyers. But, most are investors, not people
who plan to stay in them because these are located too far away from offices
and have little support infrastructure, analysts and trade experts told.
Tata
Housing ..!
Tata
Housing sells such houses under 2 national banners—Shubh Griha (Rs.4 lakh to
Rs.13 lakh) and New Haven (Rs.25 lakh to Rs. 40 lakh).
It
plans to launch more such projects across consumer segments in Mumbai, Gurgaon,
Bhubaneswar, Bangalore and Kolkata, said Mr. Brotin Banerjee, MD and Chief Executive.
VBHC..!
Value
and Budget Housing Corp. (VBHC) has many affordable housing projects - one each
in Mumbai, Delhi, Chennai and two in Bangalore.
It
is planning to launch one more in Mumbai and Delhi in the next few weeks,
according to Vivin Mathew, chief executive, western region.
Godrej
Properties..!
On
28 March, 2013 Mumbai - based Godrej Properties Ltd (GPL), the real estate arm
of the Godrej group, launched an affordable housing scheme at its Godrej Garden
City township project in Ahmedabad.
Some
developers are using finance &
marketing techniques to attract genuine home buyers in the Rs.6 lakh to
Rs. 25 lakh range.
Poddar
Developers..!
Mumbai-based
real estate company Poddar Developers Ltd has reserved 25 % of the apartments
in one of its project to families availing home loans from NBFCs like Gruh
Finance Ltd, Mahindra & Mahindra Financial Services Ltd and Muthoot Fincorp
Ltd. NBFCs offer rates that are slightly higher than that of commercial banks,
but have an easier documentation process, making it a better option for low -
income borrowers.
“We
do not sell more than one flat to a single buyer. We have a 75:25 mix of actual
house buyers & investors,” said Mr.
Rohit Poddar, Managing Director, Poddar Developers Ltd.
Over
the past 2 years, Poddar Developers said it has sold more than 2,500 flats in
Badlapur in Thane district and Karjat in Raigad district, in the range of
Rs.3.5 lakh to Rs. 12 lakh each. It recently launched a similar project at
Atgaon in Thane and is planning 40,000 square feet of land by the end of this
financial year.
Rashmi
Housing
Pvt. Ltd said it is giving loans to house buyers without interest to drum up
interest in houses that cost below Rs. 25 lakh.
“About
30 % of our house buyers are availing this loan facility & we are mostly getting the end users,” said
Mr. Yogesh Bosmiya, Director, Rashmi Housing.
The
firm said it has sold about 3,000 flats in the Mira-Bhayander area of Thane
district since 1999 and is developing another 4,000 flats in the same area.
Bosmiya said the profit margin is 20 % to 25%.
Src:
Mint
Liases Foras India
C - 705, Pramukh Plaza,
Cardinal Gracious Road, Chakala,
Andheri(E), Mumbai - 400 099
Telephone : 91-22-28391486
91-22-28391463
E-Mail : contact@liasesforas.com
No comments:
Post a Comment