The affordable home is showing signs of taking off in a big way with big developer brands. Affordable housing segment receive big boost with Concorde housing, launching its first such projects in Bangalore “Concorde Napa Valley“ on Kankpura Main Road in Bangalore.
The project comprises of Stilt, Ground and One Villas. Concorde Group offers 3 & 4 BHK Villas sizes varying from 1645 sq. ft. to 4000 sq. ft. Prices for villas start at Rs 51.90 lakhs for 3BHK (1645 sq. ft) and goes up to Rs 1.36 lakhs for 4BHK (4000 sq. ft.) with servant room.
The property boasts of amenities like 3star resort, lifts, playing area, swimming pools, gyms, multipurpose hall, super market etc. Only costs for registration needed to to be paid extra.
The project involves more than 1000 Villas. The house will be ready by October, 2014. Fund for project comes from promoters’ equity, construction finance and advance from clients. Depending on completion of project, client will have to pay the money.
Last week, the Brigade Group has launched township projects on 60 acres of land in Kankpura main road, Mantri with the Project Called Mantri Tranquil and lots of other builders which may include significant components of affordable house.
Price for affordable projects are low and it is possible because the locations are away from city center where cost of land are low with high end construction Quality
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