Gruhakalyan, One of the Top Developers in the Affordable Segment.
A recent survey report said that a whopping 85 percent of the population of Bengaluru earns lesser than Rs. 4 lakhs per annum. The affordable segment of the real estate market is Rs. 30 lakhs to Rs. 50 lakhs. The question is, the EMIs for these flats in Bengaluru will come to Rs. 35 thousand to Rs. Rs. 40 thousand as minimum.
Karnataka,Bangalore, October 5, 2015 (Newswire.com) - Gruhakalyan, One of the top developers in the affordable segment.
A recent survey report said that a whopping 85 percent of the population of Bengaluru earns lesser than Rs. 4 lakhs per annum. The affordable segment of the real estate market is Rs. 30 lakhs to Rs. 50 lakhs. The question is, the EMIs for these flats in Bengaluru will come to Rs. 35 thousand to Rs. Rs. 40 thousand as minimum. Are these affordable by the segment of people who earns Rs. 25, 000 to Rs. 30, 000? The answer is a strict no-no.
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Then where does the real affordable segment lie? The question cannot be answered with what is being offered by the realty market. The answer to the question lies with the fact what is the affordability of this sector. The affordability is of course Rs. 15, 000 to Rs. 25, 000 per month as EMIs. This means that the affordable apartments should be priced within the range of Rs. 10 lakhs to Rs. 25 lakhs. This is exactly the real affordability of most of the people desiring to buy flats in Bengaluru.
Does the city have supply of such apartments?
The city of Bengaluru has one of the largest stocks in the country in terms of the unsold stock and the city also tops in terms of the new launches of apartments and properties and even different kinds of homes too. But the question is does the real estate segment of Bengaluru provide anything for this income segment. Of late, during the last three or four years there have been an emphasis of the supply of affordable flats and apartments owing to the increased demand of flats and apartments in the affordable ranges.
Developers like Sobha, Concorde and others have plunged into the market of this segment. But these companies were earlier in to the luxurious segment selling high priced flats and apartments to the wealthy. They had plunged into the market owing to the increased demand in these segments and people’s demands for such flats. But there has been another wave being started by another set of companies who are solely into the affordable segment of housing in Bengaluru. Among these companies few names that need to be mentioned are Dreamz Infra or Dreamz GK, TGS Constructions, TGS Layouts and few others. These companies started with the vision of supplying flats and apartments to the affordable segment of the city of Bengaluru. Their prices were also low. Another name that is worthy of mention is Gruhakalyan which has been incorporated to serve the affordable segment and the middle class of the society.
Gruhakalyan sells flats and apartments in almost all the corners of the city be it North, South, East or West. The company sells flats and apartments in its projects which are located at the most sought after places like Marathahalli, Electronic City, Whitefield, J P Nagar, Bannerghatta Road and few more places too. It is indeed a great luck if one gets an apartment in these places which are one of the sought after areas of the end users at the prices that the company offers. The company claims that they sell flats and apartments at much lower costs than the market rates and that can go to as low as 40 to 50 percent lesser than the market rates. That is indeed a great luck to the people hunting for their dream houses at sought after locations well within their budgets.
About Gruha Kalyan :
#32/A, 9th Main, 6th Sector,HSRLayout,
Near Empire Hotel,
Bangalore-560102.
Email:contact@gruhakalyan.com
Website: http://www.gruhakalyan.com/
Mob: 8494 9301 72
Call Us: 080 40155666