Santosh Associates launches low cost housing project in Ahmedabad
BS Reporter / Mumbai/ Ahmedabad May 09, 2009, 00:34 IST
City-based real estate developers, Santosh Associates, launched its low cost housing project, Omshantinagar-2, in Gujarat on Friday. The project is part of a Rs 70 crore memorandum of understanding (MoU) signed by Santosh Associates during the Vibrant Gujarat Global Investors' Summit 2009 (VGGIS) for 2,000 low cost flats.
Priced at from Rs 3.5 lakhs onwards for 1BHK and Rs 5.25 lakhs onwards for 2BHK, the flats are sized at around 58 sq yard and 75 sq yard. "Omshantinagar-2 will comprise different residential buildings like two room with kitchen and three room with kitchen flats. We want to cater to the middle and lower middle income group which is why we have priced it so low," said Taral Bakeri, partner, Santosh Associates.
According to Bakeri, the project will feature around 1,000 such flat in the first phase which will later be expanded. "When the real estate sector was booming, people in the middle and lower middle income bracket did not buy properties and were waiting for prices to fall. Now even in slowdown they have been discouraged to buy which is why we have brought out this project to encourage people to buy properties," he added.
The low cost housing project is also being supported by HDFC, SBI, IDBI, SEWA Mahila Bank and Gruh Finance for property loans, said Bakeri.
hello, taral sir,
i am explain complaints about ur project of "omshantinagar phase-2" in ahmedabad. i am heared from my friend circle u& ur company's reputation is very good in market,ur company is honest in the commitement. so i m interested in ur above project & booked one block in full payement at a time in november 2009. that time commitment given by your authorised person to us they are give me a possession in december in 2010. but till time possession is not given to us & not given a satisfactionary answer by ur staff of yogirajbhai, banerjeebhai and girirajbhai.they are given a very rud answer to us when we are asked about possession.i am very glad for that bcoz i want to need of their block. i know i am a very little investor in ur project but if u understand " each many little drops are make a fullfill of lake" in short ur understand of my this problem. do needfull action about given a possession of my block. i hope ur do ur best. thanks.
Its truelly a good thought to start with, but can i know more about this project
where is it located in ahmedabad, the construction has been started ort not & other details regarding the project
Wow Taral that a very thoughtful project...am sure u r going to prosper more with the blessings of all these people who get to own a house....courtesy YOU!!!!!
wELL, THE INITIATIVE IS INDEED A VERY WEL COME MOVE BY A PROPRTY DEVELOPER. IT GOES ON TO INDICATES THAT IT IS NOT JUST THE PROFITS THAT THE YOUNG GENERATION IS DRIVING ITS RESOURCES TO, BUT SOCIAL COMMITMENT TOO IS EQUALLY IMPORTANT TO THEM. KUDOs TO THE INITIATIVE AND I FEEL CONFIDENT THAT THIS MOVE WILL SPARK OFF A STREAM OF SUCH INITIATIVES IN VARIOUS ASPECTS OF SOCIAL INFRASTRUCTURAL PROJECTS.
WEL DONE TARAL, WE ARE PROUD OF YOU FOR THIS ADVENTURE OF YOURS. KEEP IT UP
Wow ! wonderfull !!!
Development at the grass-root level is a fundamental requirement for the upliftment of our society.
There is a larger segment of Indian population which is still excluded from getting the benefits of the growth of the country.
Such projects make their dreams come true and they become a part of a main-stream successful happy indians.
Good on you.
Content Guide
