Indiya Estate Greens Multistorey Apartments Area Range 640 - 1330 sq.ft. Located in Attibele, Bangalore available with 2BHK Apartments and 3BHK Apartments.
The Greens is a plush 2500-apartment township located at Attibele - Anekal Road, Bengaluru, enveloped with lush greenery. The Greens is the latest project by Indya Estates that reflects plenitude in everything it offers. With premium amenities like a grand clubhouse, an exclusive sports zone, a huge open parking area, a lavish amphitheatre, Wi-Fi enabled cafe and open green spaces, it offers unparalleled lifestyle.
Priced economically, this project is well-connected and proximal to the Electronic City, metro and railway station. With this project, Indya Estates brings you closer to nature and makes luxurious yet affordable living a reality
45, 000 sq. ft. Sports Zone
50, 000 sq. ft. Lush Central Park
45, 000 sq. ft. Sports Zone
50, 000 sq. ft. Lush Central Park
The global economic recession has affected greatly the realty market as the purchasing power of the people is considerably reduced. However, in order to market their products, the realty firms such as DLF Ltd., Unitech Ltd., Lodha Developers Ltd. are collaborating with architects to optimize resources and reduce costs. Nearly all developers had resorted to various means to tighten budgets and lower expenditure. Many of the new buildings are doing away with large basement car parks and replacing them with open car parks as a cheaper option. No fancy podiums or elaborate facades either. When many of the homes under construction are ready in two years time, they would belong to a new breed of urban living spaces. Smaller and minimalist, with little landscaping, open car parks and pre-cast walls and ceramic floors replacing marble and vitrified tiles. Some builders are trying to cut costs by importing cheaper Chinese building material.
As prices get lower and more affordable houses are built, the developers' margins are getting slimmer. Such penny pinching has become common in recent months as the financial downturn has forced the developers to cu t property rates and launch cheaper homes. Lodha Developers, traditionally known for building luxury homes, has ventured into mid-segment housing priced at Rs.12-25 lakhs. Ever since the downturn has squeezed margins, developers are cautious about cost-structures. All wastages are being taken care of and there is micro-management on each project to optimize implementation, said Abhisheck Lodha, director, Lodha Developers.
Acording to Shri Sanjay Puri, head of Sanjay Pure Architects Pvt. Ltd. while designing for three 30 storey residential towers in suburban Mumbai's Malad, it has been decided to replace vertical fins, an elevation feature, with concrete slabs to conceal toilet ducts in the apartments and this single change saved the company almost Rs.1 crore of expenditure.
Unitech, India's second largest developer by market value, is adopting value engineering In their projects which involves standardization of systems, technologies and processes to lower its building costs, by which method the company expects to save around Rs.600 crores. Unitech has also done away with frills that increase construction costs and has been importing cheaper tiles, sanitary-ware and bathroom fittings from Malaysia and China.
Tata Housing Development Co. Ltd., in its first low-cost housing in a distant Mumbai suburb, is working on getting the formula right. Its project will only have two storey buildings instead of taller towers because the former is cheaper. There will be no elevators.
Similarly, Puravankara Projects, In its budget housing project in Chennai named Provident Cosmo City, bas similarly toyed with various aspects of construction to stick to a Rs.16-18 lakh price tag. The living rooms in the apartments still have fancy vitrified flooring but the bedrooms have cheaper, ceramic tiles. The difference in cost is at least Rs.15 per sq. ft. Also, the passage way to the bedrooms has been done away with to reduce space and to cut wiring costs, only the living room has an air- conditioning point. A lot of thought has gaffe iff to de igrrirrg the project because the company is catering to a different customer segment, mostly first home buyers, and it can't afford to reduce the value of the product, said Ashish Puravankara, director, Puravankara Projects.
According to Shri Aashiesh Agarwaal, an analyst with brokerage firm Edelweiss Capital Ltd., developers are also cutting costs by launching in small phases. If you try to sell 1,000 apartments in one go and begin construction and end up selling only half of it, then you are in trouble. Some builders are constructing only such number of units which can be sold.
Sanjeev Srivastava, managing director, Assotech Ltd. is of the view that close monitoring of a project by controlling inventory and judicious sourcing of raw material saves at least 5- 7% of the cost. Execution of projects holds the key. The time to finish 1,500 apartments is 15 months and we will start work at three-four locations to stick to the deadline, said Rajeeb Dash, general marketing manager of Tata Housing.
Bangalore-based Ozone group, which is using the pre-cast method of construction for its Evergreens project says it will save at least 10- 20% iff costs if it is executed welf. We are also trying to avoid reconstruction as much as possible. This sometimes saves 10% of the cost said K.S. Sudarshan, chief operating officer of Ozone group. However, according to an analyst the pre-cast buildings and such standardized norms will kill the customized and individual flavor of homes. Most of these projects will be like prototypes where pricing is of utmost concern.
Nishimant Patil, 32, a restaurant owner in Thane, Mumbai has a budget of Rs.30 lakh for a home, and he does not care for the frills. "It is only now that I can actually choose a home for myself because there are options available. I am not bothered about nature of tiles or design," said Patil.
Real Estate Properties are available in Bangalore City.......