Tuesday, July 14, 2009

Realty firms betting big on low -rise floors

Real estate developers in the national capital region are banking on low - rise independent floors to induce customers into buying homes .The developers are able to offer these homes at lower prices,almost 30% lower than a typical multi-storey apartment .A significantly lower maintenance cost for these homes is also buyers.

Realty companies,including BPTP ,Emaar MGF ,Ansal API, have together sold close to 7000 homes in NCR in the past three months ,as per the executives of these companies .BPTP had sold over 5,500 low rise independent floors homes in a project in Faridabad in May .

As per an Emmar MGF spokesperson ,the company sold a thousand homes in this segment in gurgoan last month .
"Many people ,especially in NOrth India ,still prefer low rise and independent floors .They are not very comfortable using lifts and feel safer in low - rise homes ," says Kunal Banerjee , executive director ,TDI ,a reality firm that will launch 400 such homes next week in kundali in NCR .TDI is offering homes for a price of Rs 17.5 lakhs for 810 Sqft to Rs 26.5 lakhs for 1100 Sqft built up area .

via The Economic Times

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