Jaypee Group has announced its new project “Krescent Homes” in Wish town at Noida. As per the announcement Krescent Homes is a complete residential community with over 80% green area dotted with a Chip & Putt Golf Course and landscaped spaces. In addition, there are recreational spaces exclusively for the residents to relax in, sports facilities to enjoy and multiple shopping & entertainment spaces. The project has 2/3/4 BHK Luxurious Apartments starting at Rs 36.12 Lakhs and is located right on the Noida-Greater Noida Expressway.
Construction Major JAYPEE GREENS has announced the launch of SPORTS CITY KASSIA PERSONAL SUITE located along Yamuna Expressway in Greater Noida. Jaypee Greens Kassia is located in Jaypee Greens Sports City in close proximity to the upcoming Formula One Racing Circuit. It will also be close to boulevard style roads.
Khinvasara Group of Companies has recently emerged as one of the major players in development of the residential and commercial properties in Aurangabad (Maharastra). One of the companies of the group has played a major/ key role in the real estate in building modern cement spaces of Aurangabad since last 50 years.
Till now the company has constructed more than 3.5 L sq.ft of commercial and residential spaces. Land development is yet another of forte. And as on date the company developed in excess of 100 acre land within Aurangabad.
Some of the earlier projects by The Khinvasara Group are Ulkanagri, Khinvasara Park, Khinvasara Nagar, Vardhaman Residency etc. And now they are coming up with their new Residential project Khinvasara Estates near Walunj, Aurangabad (Waluj). It consist 100 flats and row houses in an area of 7 acres. The project will consist of 1/2 BHK Flats/Apartments costing 11 to 14 lacs and row houses (3 BHK) will cost Rs 20 to 30 lacs.
The builder Jaypee Group has announced the launch of its new residential apartments, Jaypee Greens Kensington Boulevard, in Sector 131, Noida. This will be a part of the Jaypee Greens Wish Town project and will features 1, 2, 3, and 4 bedroom flats ranging from 550 to 2700 sq feet. The tentative rate is Rs 3330/- per sq. feet.
Jaypee Group (JPSK Sports Private limited) announces yet another new residential project “Lake District” under its new sports themed township Sports City along Yamuna Expressway in Greater Noida (Gautam Budh Nagar). The project is so names as it will feature an artificial lake in line with international standards. The project will offer luxury living at affordable rates. The lake district project will have 2BHK (2 bedroom), 3BHK (3 bedroom) with optional worker rooms (servant quarters), and 4BHK (4 bedroom) with worker rooms (servant quarters) residential apartments.
The maximum demand currently is for 2BHK residential apartments and finally supply is following demand. Such has been the response that there are developers who claim as much as 55% of their inventories comprise two bedroom units.
According to Atma Sharan, GM-Marketing, Ashiana Housing Ltd, “About 55-60% inventory would be 2BHK. This definitely is the fastest moving segment, particularly among first home buyers.
The 2BHK end user is attracted by the price tag, affordability factor, and lower EMIs. Developers who were primarily focusing on plush housing earlier are including smaller units in a big way in their projects. They are coming up with new initiatives in this line which is expected to attract the young service class people in a big way. So, be it DLF, Unitech or Jaypee, they all have at least 30% inventories as two bedroom units in their projects and plan to increase the percentage with time.