Rahejas to sell 30k NCR flats for Rs 4-25 L
The Economic Times, March 27, 2009, Page 5
New Delhi: Realty player Raheja Developers will build up to 30,000 apartments in the affordable housing category in the National Capital Region in the next two years, which will be offered at Rs 4-25 lakh.
“Though there has been some correction in the realty market, demand is still there, especially in the affordable housing segment. We have already received approvals for developing about 20,000 apartments in the NCR,” Raheja Developers managing director Navin M Raheja said here. The company has planned to develop up to 30,000 units in the NCR in the next two years, he added.
“We have decided to fix the prices of the apartments in the range of Rs 4 lakh to Rs 25 lakh, depending on the size,” Mr Raheja said, adding the minimum size of a unit would be 300 sq ft. He, however, declined to give details about the size of investment the company is looking to put in. “The launch of this affordable housing scheme will (take place) in the next two months ... We will not tie up with any partner,” Mr Raheja said. Construction would be completed in two years and deliveries would start in 2011.—PTI
The Economic Times, March 27, 2009, Page 5
New Delhi: Realty player Raheja Developers will build up to 30,000 apartments in the affordable housing category in the National Capital Region in the next two years, which will be offered at Rs 4-25 lakh.
“Though there has been some correction in the realty market, demand is still there, especially in the affordable housing segment. We have already received approvals for developing about 20,000 apartments in the NCR,” Raheja Developers managing director Navin M Raheja said here. The company has planned to develop up to 30,000 units in the NCR in the next two years, he added.
“We have decided to fix the prices of the apartments in the range of Rs 4 lakh to Rs 25 lakh, depending on the size,” Mr Raheja said, adding the minimum size of a unit would be 300 sq ft. He, however, declined to give details about the size of investment the company is looking to put in. “The launch of this affordable housing scheme will (take place) in the next two months ... We will not tie up with any partner,” Mr Raheja said. Construction would be completed in two years and deliveries would start in 2011.—PTI
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