Godrej Properties Ltd. (GPL), the real estate development arm of the Godrej Group, launched an affordable housing scheme in their township project Godrej Garden City (GGC) in Ahmedabad. Five new towers, each ground plus 12 storeys tall, will offer affordable one bedroom-hall-kitchen apartments each measuring 600 square feet at prices starting from Rs 16.5 lacs. GGC is located off SG Highway and is within Ahmedabad Municipal Corporation (AMC) limits. Godrej Properties is creating facilities for public transport, education, health-care, recreation, hospitality, retail and banking within the development. Important civic facilities and public utilities will be added to make Godrej Garden City fully self-sufficient. The master plan has been created by Skidmore, Owings and Merrill (SOM), which have designed numerous landmark projects across the globe such as the Burj Khalifa, which is currently the world’s tallest building. Pirojsha Godrej, managing director & CEO, Godrej Properties says, "This project will offer home buyers an opportunity to own an affordable house and also enjoy the facilities of a township project." Off late, both the real estate industry and the state government have announced a slew of affordable home projects in Gujarat.
On one hand, the state government, as promised in assembly polls manifesto, plans to start work for building 1,20,000 homes for the year 2013-14. On the other hand, organised real estate players like Tata Housing, Adani Township & Real Estate, DBS Affordable Home Strategy Ltd. and Arvind Real Estate have announced low cost housing schemes for low and middle income groups. Almost all the players are offering residential properties in the sub Rs 20 lakh category, thereby catering to the lower income group (LIG) and middle income group (MIG).