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Changing the affordable sector benchmark – Aamar Bari
This project has two USPs. It is the first music themed mini-township in Eastern India. It will have landscaping and features that will have music themes. There are music fountains, swimming pools with underwater music and other novelties.
“But most importantly, the community will possess its own state-of-the-art music recording studio curated by acclaimed music director Joy Sarkar and a Gurukul mentored by Lopamudra Mitra. And, we are the first ones in this sector to bring homes that cost just Rs 10 lakh. Our one-BHK begins at Rs 10 lakh for 400 sq ft and our three-BHKs finish within Rs 25 lakh,” says Anil Gadia, Managing Director of Meridian Group.
The project is also strategically located at Baraipiur. Baraipur is coming up as the next destination after Rajarhat. It has been earmarked as the district headquarters of South 24 Parganans and the nerve knot for a satellite township. With its proximity to EM Bye Pass, it will be the most wanted location within the next few years. So to bring a mini-township, it is the right place.
Talking about the choices, Gadia adds, “Meridian ‘Aamar Bari’ is one of its kind project. When we planned this project the idea was to give homes in the affordable category with the kind of luxury and amenities it is usually not associated with. And, Baraipur was the natural choice. Our project is just off Padmapukur crossing, five minutes from the Baraipur station adjacent to the proposed Calcutta University campus here.”
The two-BHKs and three-BHKs are priced to ensure value for both first time buyers and investors. Looking at all data available, in the next five years the realty sector that will see good growth is in the affordable and MIG sector. The range is from Rs 10 lakh to Rs 60 lakh. In keeping with the Centre's ambitious plans of homes for everyone by 2022, in the next five years, the realty that will sell is in the affordable and MIG sector. The salaried class will buy property not only because it is the best investment but also the demand for homes will get a boost following various economic benefits like reduction in home loan rates.
“With demonitisation, we have seen a temporary slump in the buying and selling of high-end properties. But this has not discouraged the end-users from booking their homes. For example, there has not been much shake up in the state we have seen the projects which have the right combination of offering, price, transparency in terms of commitment to customer do well in spite of all the turmoil. The customer though initially confused are now better informed and look at real estate as the only reliable investment option in the near and mid future," says Gadia.
He adds, “Realty has shown a bullish trend in the last two years in the LIG/MIG sector. On a conservative note it should see a growth by 12-15 per cent YoY for the next three to four years, and with RERA on the anvil, I see a more organised, robust and transparent industry emerging. Nationally also, the real estate market will appreciate and move ahead.”
Meridian Group is fast changing the benchmark for affordable housing with the launch of its ambitious Rs 300 crore Aamar Bari project. Aamar Bari is the first mass based project for the group that will dish out 1,700 flats in three phases over the next five years. This project has two USPs. It is the first music themed mini-township in Eastern India. It will have landscaping and features that will have music themes. There are music fountains, swimming pools with underwater music and other novelties. “But most importantly, the community will possess its own state-of-the-art music recording studio curated by acclaimed music director Joy Sarkar and a Gurukul mentored by Lopamudra Mitra. And, we are the first ones in this sector to bring homes that cost just Rs 10 lakh. Our one-BHK begins at Rs 10 lakh for 400 sq ft and our three-BHKs finish within Rs 25 lakh,” says Anil Gadia, Managing Director of Meridian Group. The project is also strategically located at Baraipiur. Baraipur is coming up as the next destination after Rajarhat. It has been earmarked as the district headquarters of South 24 Parganans and the nerve knot for a satellite township. With its proximity to EM Bye Pass, it will be the most wanted location within the next few years. So to bring a mini-township, it is the right place. Talking about the choices, Gadia adds, “Meridian ‘Aamar Bari’ is one of its kind project. When we planned this project the idea was to give homes in the affordable category with the kind of luxury and amenities it is usually not associated with. And, Baraipur was the natural choice. Our project is just off Padmapukur crossing, five minutes from the Baraipur station adjacent to the proposed Calcutta University campus here.” The two-BHKs and three-BHKs are priced to ensure value for both first time buyers and investors. Looking at all data available, in the next five years the realty sector that will see good growth is in the affordable and MIG sector. The range is from Rs 10 lakh to Rs 60 lakh. In keeping with the Centre's ambitious plans of homes for everyone by 2022, in the next five years, the realty that will sell is in the affordable and MIG sector. The salaried class will buy property not only because it is the best investment but also the demand for homes will get a boost following various economic benefits like reduction in home loan rates. “With demonitisation, we have seen a temporary slump in the buying and selling of high-end properties. But this has not discouraged the end-users from booking their homes. For example, there has not been much shake up in the state we have seen the projects which have the right combination of offering, price, transparency in terms of commitment to customer do well in spite of all the turmoil. The customer though initially confused are now better informed and look at real estate as the only reliable investment option in the near and mid future," says Gadia. He adds, “Realty has shown a bullish trend in the last two years in the LIG/MIG sector. On a conservative note it should see a growth by 12-15 per cent YoY for the next three to four years, and with RERA on the anvil, I see a more organised, robust and transparent industry emerging. Nationally also, the real estate market will appreciate and move ahead.”