#RealtyNewsRoundup: Apartments Under Rs 10 Lakh To Beat Demonetisation Impact [Video]
Description
In a bid to overcome the demonetisation woes, Kerala-based develoer Asset Homes has decided to build 100 sq ft self-contained units christened `selfie' apartments across the country. Costing under Rs 10 lakh, these air-conditioned apartments are being proposed at Kochi, Bengaluru, Hyderabad, Pune and Visakhapatnam.
After lagging in constructing homes under Mukhyamantri Gramin BPL Awas Yojana, the rural development department has now relaxed norms to allow third parties to execute work on request from beneficiaries. As per the provision, the owners of sanctioned units had the first right to construct their homes as daily wage labourers up to a period of 90 days. The payment to them was also linked with Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) funds.
Godrej Properties is actively looking at tapping the complete Delhi-NCR market with new residential projects in Delhi, Faridabad and Ghaziabad soon, said a top company executive. The projects could be in the form of plotted development, group housing or villa development.
Xander Finance, the non-banking financial arm of an alternative investment firm of The Xander Group, has invested nearly Rs 300 crore in two residential projects in Chennai and the National Capital Region. The NBFC has invested over Rs 120 crore in a plotted development project of realty developer VGN Property Developers in Ambattur project, while it invested over Rs 160 crore in Ansal API's low-rise residential project in Sector 67, Gurgaon.