City-based real estate home decors company Purple Bay Foundation today made its foray into housing development projects at the nearby hosiery hub of Tirupur.
Stating that the most essential infrastructure needed for supporting the industry in Tirupur, which exported nearly Rs 12,500 crore garments annually, was to provide housing at affordable and reasonable cost, said Harikumar Nair, Chairman, Purple Bay, adding, the company would fill the gap by providing houses measuring 683 sq ft, built in 2.63 cents, costing Rs 12.99 lakh, at Karumapalayam.
In the first phase, the company will offer 68 independent houses, which will have two bedrooms, one living room, two bathrooms, one kitchen and verandah, with underground and overhead tanks, Nair said.
All the houses would be delivered by 2015 end, starting from November and the company would start offering twin-houses and independent houses, depending upon the demand, particularly from the industries, as it has nearly 23 acres of land in possession, he said.
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