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Redefining Kolkata’s Real Estate with Affordable Housing in Howrah

Discussion in 'Kolkata Real Estate' started by vedshri, Nov 21, 2017.

  1. vedshri New Member



    While rest of the country is undergoing a huge realty transformation after RERA and GST, the concept of affordable housing is set to kick off in Howrah as well. In a land of distinct yet deep-rooted culture, Kolkata has become a hub of opportunities. With an innate dream of bagging better career prospects of quality living, people from nearby states are also preferring to settle down in this modern city of Kolkata.
    Amidst rampant construction of premium residences in Howrah, Joyville by Shapoorji Pallonji boasts of introducing reasonably priced residences thereby keeping the aspect of supreme lifestyle intact. By building dynamic life spaces, we ensure to give you a quantum beginning and experience immense breakthroughs to a chic lifestyle.
    Keeping the changing urban middle-class consumers in mind, residential properties in Kolkata are adapting to widespread demographic and traditional value system. Urban population is anticipated to witness a significant spike of upto 40% in the year 2030, as compared to 28% in 2001. Since the last estimate of per-capita income reaching Rs 68,748 in 2012-13, the city has seen an increase of 11.7% YOY, that is, in terms of rising income and affordability levels.
    With government’s favourable policy initiative of 100% FDI through automatic route, the road for incorporating affordable housing in the real estate sector of Howrah has become easier. Moreover, with a middle income an aspirational Lower Income Group (LIG) in the mix, location and price range have become crucial to this bouquet of offerings. For instance,
    ·Tier 1- 10 to 20 kms from the city (due to high cost of Land)
    ·Tier 2 – 5to 10 kms from the city (due to high cost of Land)
    ·Tier 3 – within the city
    Our selling price range lies between Rs 3,000 to Rs 4,500 per sq. ft (excluding Mumbai) with a product mix consisting of 1 BHK, 2 BHK, 2.5 BHK and 3BHK in Kolkata. Joyville reached its conclusion due to Shapoorji Pallonji’s end to end capabilities linked to affordable housing. Apart from that, gaining access to land project management, utilizing our expertise in design, construction technology and materials and sourcing & procuring skills was of great assistance.
    Features like MEP, waste water management and water treatment in our project would add to the quality living of our residents. Also, the choice of construction technology (i.e., pre-engineered formwork and pre-cast sandwich panels) has a great bearing on our ability to create 20 to 30 acres (1 to 2.5 mn sq.ft. of saleable area) residential property in Kolkata.

    With 1 and 2 bhk flats in Kolkata, your biggest goal to achieve an ideal and affordable house now becomes a reality. Today’s changing and improving segment of urban middle-class consumer is an evidence, that success begins with dreaming boldly!

    1 and 2 bhk flats in kolkata residential property in kolkata

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