Firms target luxury housing in Agra
Multi-crore projects expected to add another 800-900 housing units in the city
| On Saturday, two Delhi-based real estate companies, HRC Horizons and Ganpati Builders, launched multi-crore luxury housing projects in Agra, expected to add another 800-900 housing units in the city at prices Rs 9-40 lakh. |
| Launching the Rs 60 crore Park Side Villa project, Piyush Singhania, director, HRC Horizons, said the company had developed a completely hi-tech housing project spread in 40,000 square metres, providing independent villas and multistory apartment buildings costing upto Rs. 40 lacs, all interconnected through a computerized intranet, providing services like broadband internet, telephony and cable television through an integrated data pipeline. |
| He said that besides construction, the HRC group was involved in advertising, media and pharmacology and this project had been designed specifically according to the requirements of the changing times. |
| In yet another inaugural of a housing project, Delhi based Ganpati Builders announced the successful launching of its first housing project Emerald Heights at Shastripuram in Agra, beginning a series of housing projects at various locations in the town, which is expected to cost Rs. 100 crores. |
| But with the launching of a large number of housing projects, the urban planners in the town have raised serious doubts on the utility of such a large number of high-priced apartments being constructed in a town where the average middle-class families were still running on a shoestring and unemployment ran deep into its roots without any major industries to talk about. |
| Officials at the Agra development authority claimed that the construction of these high-priced apartments in the town had been the primary reason for the rates of property and building materials reaching unprecedented peaks, making the middle-class's construction of a dream home merely a dream. |