Godrej Properties Ltd on Thursday said it has launched one bedroom-kitchen-hall (1BHK) houses in the affordable segment at its upcoming Godrej Garden City in Ahmedabad.

The Mumbai-based real estate developer would market these affordable apartments at prices starting at Rs 16.5 lakh, the company said in a statement here.

Five new towers, each having 13 storeys, including the ground floor, will offer these apartments measuring 600 sq. ft. each. Each tower will be equipped with 2 lifts and all apartments are open from two sides with no two apartments overlooking each other.

The project is within the Ahmedabad Municipal Corporation (AMC) limits. Godrej Properties is creating facilities for public transport, education, health-care, recreation, hospitality, retail and banking within the development.

Important civic facilities and public utilities will be added to make Godrej Garden City fully self-sufficient.

The master plan has been created by world-renowned architects Skidmore, Owings and Merrill (SOM), thas has designed numerous landmark projects across the globe such as the Burj Khalifa (currently the world’s tallest building), said Pirojsha Godrej, Managing Director and CEO, Godrej Properties.

Godrej Properties is developing residential, commercial and township projects spread across 82 million square feet in 12 cities.

With the demand in luxury segment in housing sector falling and that in the affordable segment increasing, many real estate developers are have started similar projects across Gujarat in recent past.

(This article was published on March 28, 2013)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.