After affordable homes, K Raheja plans low-cost villas
January 22, 2010
After foraying into affordable homes, K Raheja Corp is targeting affordable villas. The company is planning to come up with villas within the approximate price range of Rs45 lakh-Rs65 lakh in Pirangut at Pune, Kadamba at Goa and in Hyderabad.
In Hyderabad, the company is yet to shortlist the location for its project. “The villa market is doing well. Wherever villas are affordable and are at reasonable rates, they are selling. We expect to do a soft launch of affordable villas within the next four months at Pune, Goa and Hyderabad,” said a company spokesperson.
The spokesperson did not want to divulge the details of the projects. However, he said that the soft launch of the Pune project will take place by March. He added that the villas will be built over approximately 100 acres of land, and will individually be more than 3,000 sq ft.
K Raheja Corp is also launching other projects. It is launching ‘Vivarea’ in Koramangala (Bengaluru) by this month. The project is an integrated luxury township built over an area of approximately one million sq ft. “We have still not done a soft launch of the project, but we have a waiting list of customers for the township. After we are on the ground with all the permissions required, we will be marketing our project,” said the spokesperson.
Currently, the company has six ongoing residential projects at Mumbai, Pune and Hyderabad. It is planning to come up with five new projects in these cities.— Pallabika Ganguly