Sanand

  • Status: Pre-construction
  • Country: India
  • City: Ahmedabad
  • Partner: Janaadhar
  • Year Approved: 2020
Total Invested
INR 100,000,000
Average Sales Price
INR 1,860,185
Total Invested
$1,370,633
Average Sales Price
$28,211
Delivery of Homes
Total Expected
Completed
Basic
828
0
Project Overview

This project is located in Sanand, near Ahmedabad, and involves the construction of 828 one and two bedroom apartments. The blocks are surrounded by security fencing and access is only available to residents. The apartments will be located around central courtyards with children’s playgrounds, helping to nurture a community.

The site location serves a growing industrial area that is home to international manufacturing employers such as Tata Motors, Suzuki and Ford, as well as being well connected to amenities such as schools, public transport and healthcare facilities.

Whilst the project targets people living on low incomes, affordability is even further improved by the opportunity for residents to apply for the government’s Pradhan Mantri Awas Yojana (PMAY) scheme, which subsidises the interest charges of housing mortgages. Classed as ‘Affordable Housing Loans’ these will be provided by banks including the Central Bank of India and the Housing Development Finance Cooperation (HDFC). With this subsidy, all of the housing units are affordable to the bottom 40th percentile of the Ahmedabad population.

Housing Information
Description Type Number Expected Unit Size (m2) Sales Price
(Local Currency)
1 Bedroom, Hall, Kitchen (1BHK) Compact Basic 98 29 1250000
1BHK Comfort Basic 308 34 1550000
1BHK Premium Basic 56 37 1800000
2BHK Compact Basic 210 47 2300000
2BHK Comfort Basic 84 52 2650000
2BHK Premium - 72 53 -

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
INR 100,000,000
$ 1,370,633
Loans
INR 100,000,000
$ 1,370,633

Based on exchange rate on 31/12/2020

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Data last updated on 10/03/2021