Saturday, April 11, 2009

Dugar Gold City, Prince Village, Prince Residenzia - More Affordable Homes

The choices available for affordable housing seems to be increasing, with more projects offering apartments in the sub-15-lakhs range.

Some of the recent projects covered in our blog focussing on Budget Homes.. 

Dugar MME Gold City (Phase II) on OMR 
Near SSN College.
Starts at Rs.10.43 Lakhs (for 1 BR, 444 sqft)

Prince Village at Tondiarpet
Near Castrol and VOC Nagar Station.
Starts at 13.80 Lakhs (for 1 BR, 600 sqft)
Near Sri Venkateswara Engineering College
Starts at Rs.9.57 lakhs (1 BR, 440 sqft)

As credit in-flows from residential projects offering higher-valued apartments have "slowed down" (if not "stopped altogether") and in some cases projects have negative cash flow from customers - with some customers who had made initial payments, exiting out of the projects (as in the case of DLF Garden City), credit in-flow becomes important for the builders, who now turn to affordable housing offering sub-15-lakhs homes. 

Hope such projects benefit those who had been left out in the earlier mad rush.

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