With growing trail of budget housing the leading Indian realtors are focusing on the segment with better margin generations across the major locations of the country. As per the source reported at www.propertykhazana.com top realty house of Bangalore – Purvankara is now merging with a Mexican unit Homex for a better design of budget housing in the city and its adjacent areas.
On a short note with www.propertykhazana.com director of the company states that “the Mexican outfit is quite expert at affordable housing and so we have discussed for further joint processing in the budget housing domain and talks are still on and has not been finalized yet”. The affordable category includes space around 450 square feet to that of 820 square feet and going further with the mid income group it touches nearly 450 square feet to that of 820 square feet. Homex is an experience name in the affordable housing engaged with 32 cities of 20 Mexican states till date.
For a better liquidity in the project leading financial house like SBI capital has been approached which is at various levels of discussion along with other private equity investors. The Bangalore based realty has already initiated two projects at Chennai and Bangalore and next will be at the silicon valley again with surface area nearing 6 million square feet costing around 900 crore. The project is expected to occupy nearly 6000 apartments and also plans to invest Rs 1900 crore for the financial year of 2010 for the same purpose of budget housing at Chennai and Bangalore. For more updates visit www.propertykhazana.com
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