Cidco has announced the launch of its new mass housing scheme in Kharghar, for the middle and high income group. This upcoming mass housing scheme will be developed in Sector 36, Kharghar and will comprise of 1224 apartments. These apartments will be made available in two fourteen storied towers. The entire project will be hosted by state of the art ultra modern amenities to make life easier for its residents.
Unlike its previous housing scheme which was introduced for low income group, this new scheme is intended for high and middle income group. The prices for these apartments are expected to be around Rs. 4000/- per sq ft.
What is important here in this project is, other builders in this vicinity are charging buyers around 5000/- psft to 6000/- psft. Whereas, CIDCO is expected to launch these apartments at Rs. 4000 psft., which will be a huge saving for its buyers. This pricing will be strictly applied on the carpet area, unlike others developers who charge excessively on the built up area and many a times, also on the super built-up area. A super-built up area can be as much as twice of your carpet area, in which case you have to shell out more as a buyer. So technically, where a flat in Kharghar should have been selling at 30-35 Lacs, currently these flats are selling at around 60 – 70 Lacs. Therefore, if the price for this scheme sticks to Rs. 4000 per sq ft, this project by CIDCO will be a huge crowd puller in Sector 36, making it even difficult for other developers to sell off their pending inventories.
The distribution of the flats in this new housing project by CIDCO is as follows-
- Middle income group – 802 flats – 611 sq ft per flat
- High income group – 422 flats – 1072 sq ft per flat
- 52 offices and 108 shops.
- Club house, jogging track, swimming pool
- Back up generator
- Parking on 1st and ground floor.
The application forms will be distributed in September 2012 and the construction has reached the plinth level. With everything that this project has to offer, it will be interesting to see how well this project will garner attention of its target customers and in what way would it effect other builders offering their projects in Sector 36, Kharghar. This project by CIDCO lies adjacent to Adhiraj Township in Sector 36, Kharghar.