Vasathi Housing launches project for urban middle class

Vasathi Housing Ltd has announced the launch of a new gated community project in Hyderabad catering to the urban middle class, which the company describes as “affordable luxury housing.” The Hyderabad-based real estate developer, which has executed several projects in the city, has finalised plans to launch projects in Bangalore and Chennai later in the year, reports Business Line. “In a market where most buyers find their projects getting delayed due to clearances and late deliveries, the company seeks to present itself as a trusted real estate developer that ensures delivery of projects on schedule,” P V Rajendra Kumar, chief executive officer of Vasathi Housing was quoted as saying in the report. Kumar said the company has managed to achieve timely deliveries in all projects it has thus far implemented. This is something customers like and feel disappointed if there is delay. The Vasathi Anandi project, wherein 500 apartments are coming up in a gated community close to IT hub, will be ready by December 2012 as per schedule. The company plans to initiate works on two projects in Bangalore. One is a six-acre site another is of 17 acres at Yelahanka. The Chennai project will come up at Sholinganallur. Vasathi is among select real estate developers to offer third party certification provided by Bureau Veritas ensuring standard structures conforming to green building norms, the report added. source: http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=19779&cat_id=1