KOLKATA: Kolkata based BGA Realtors is looking to build 1.5 million sq ft of affordable housing space across Gujarat, Madhya Pradesh, Assam Jharkhand, Bihar and Andhra Pradesh said a top company of ficial.
The developer has built 2.5 million sq ft of which 2.2 million sq has been sold. The additional projects spread over 1.5 million sq ft will be launched by 2017 and delivered by 2019. "In 2010 we had launched and sold houses at Rs 2 lakh and delivered them by 2013 without any escalation in price. The buyers, however, enjoyed a 100% return on in vestment and at present the government is valuing the same unit at Rs 6 lakh when one goes for registration of the same," said Shampa Ghose, Managing Partner, BGA Realtors.
The apartments sized between 200 sq ft and 1,200 sq ft would mostly be studio apartments for the low income group and three bedroom units in the middle income group category, priced between Rs 5 lakh and Rs 22 lakh.