Arvind and Smart Value Homes LLP, a special purpose vehicle (SPV) created by Arvind Real Estate and Smart Value Homes Ltd, a 100 per cent subsidiary of Tata Housing Development Company Ltd, announced the list of the beneficiaries of their affordable housing project near Ahmedabad on Monday.
The JV, which is developing the mega integrated sustainable green township, spread across 135 acres, declared the 950 winners of the first phase of “Shubh Griha” project through a lucky draw. Since the commencement of booking in February, the project was subscribed by over 9 times and received over 4 times dully filled application forms across India for 950 apartments, priced between Rs 7, 92,300 and Rs 12, 33,100, according to a company statement here.
The draw for the 950 lucky applicants was conducted by KPMG through a specially-developed software for selecting random names. The list of winners would be displayed on the company Web site and include names of the wait-listed people. Those not allotted any flats will get their refunds within a few days.