Pune's builders focusing on affordable housing

Q: Hi, Now-a-days most of the Pune's builders & Developers are focusing on affordable housing due to the economic slowdown and high interest rate.

Rohit Marathi, Pune

22nd April 2014

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Replies (1)

Hi all,
Why Pune is one of the fastest growing city in the country? What is their next steps in Pune?

Kaushik Bardia,

22nd April 2014

Comment

Hi Kaushik,
Pune is always been on the radar for the developers. Better connectivity, IT and industrial hub makes it one of the fastest growing city in India.

Now they have decided to launch a series of high-end and affordable housing segment in Pune.

Vasanth,

22nd April 2014

@Vasanth,
Why high-end category has never been suffered from economic slow down? What lesson should they learn from this economic slow down?

Kaushik Bardia,

22nd April 2014

@Kaushik,
Because buyers in this category sometimes link their buying decision to interest rates. To stop such slow down they should create a product of 500 sq ft with a price tag of Rs 30 lakh and it will sell like hot cake.

Vasanth,

22nd April 2014

@Vasanth,
Which are the project comes under this category going to launch soon ? Do you think that such projects are affordable by a middle class family?

Kaushik Bardia,

22nd April 2014

Well kaushik,

Phoenix Mills has planned “Fountainhead” residential condominiums at Viman Nagar where they will build 81 units of 3/4 BHK apartments and duplexes in 2 towers of G+13 floor each.

AnandGram project by Vastushodh at Ketkawale in Pune. It offers options like 1RK, 1/2 BHK in the price range of 8-20 lacs.

Not many families can afford it because for a flat of Rs. 30 lacs, one needs an income of Rs. 50000 or so per month.

Vasanth,

22nd April 2014