Cost Effective Housing Projects from ArtechDecember 13, 2013

Cost Effective Housing Projects from Artech

Kerala is an ideal place for buying your home. It is much easier and cost effective to buy apartments here than anywhere else and you will certainly get a good deal. Depending on your budget and facilities required, real estate companies in Kerala can construct the best apartments for you.

There has been recent calls in the Kerala political circles to promote green construction technologies in order to make homes environment friendly as well as cost effective. The Kerala State Housing Board (KSHB) has been holding many seminars on cost-effective housing technologies recently.

Selection of appropriate building materials can minimize the expenditure of building construction to a great extend. With effective cost management, it is possible to build high-rise apartments and condominiums at a rate much cheaper than what is currently offered in the market. The waiting period for the buyer can also be reduced considerably.

Pre-fabricated reinforced concrete helps in reducing the time period taken to complete a project. The construction cost is reduced substantially and thereby it reduces the financing risks and non-performing loans with the banking institutions.

Several builders in Kerala such as Artech Realtors have already started with cost effective housing projects with an intend to provide affordable luxury to their customers in major residential areas. As a critical step in the Kerala real estate sector, this is bound to increase the number of rich and middle class people to consider buying a flat.

The current cost-effective projects are so attractive that they are enticing many NRIs and residents to make significant investments in the real estate arena of the state. As the demand for budget apartments in Kerala increases, constructing them is the top priority of the builders.

The overall monthly income and the volatile economic scenario can be attributed to the rising demand for apartments that are under 30 lakhs. A vast majority of people in Kerala earn less than Rs. 50,000 a month and most banks restrict the loan amounts to 80% of the property value. This means that an apartment costing 25 lakhs would be financed upto just 20 lakhs. Therefore studies show that if a builder can roll out an apartment at a lower price range, there will be huge demands for it.

This is prompting several builders to plan and construct cost effective villas and apartments in Kerala. Real estate market is not for buying or investing. One can also sell the apartments and with Artech Realtors, it is possible to get apartments with good resale value.

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DISCLAIMER

The information provided on this website is meant for general guidance. Though we have taken utmost care on the accuracy of the contents, the customer should make an autonomous assessment of the contents. However, the prospective buyers should rely upon the terms and conditions of the sale and construction agreement between the Builder and the Client.

The visuals of the projects symbolize artistic impression only. The information contained herein including the fittings, finishes, features, floor size and color etc. in the visuals are subject to change. However, the plans & specifications indicated in the Builder and Client agreements are final and we have not authorized anyone to make any oral commitments or promises on our behalf in regard to the plans and specifications of the apartments/projects.

For any clarification please feel free to call +91 9847 600 600 or walk into our offices. Our representatives will always be at your service.