Builder offers compact homes in Bangalore

If this developer manages to set a trend, homes in Bangalore could well go the Mumbai way – small and compact. And in these times of recession, when a genuine buyer is not able to loosen his purse strings for that prized home, a product in the Rs 4 lakh to Rs 19 lakh category is indeed a blessing. At least that’s what this new real estate developer hopes it would be.

CSC Constructions has launched three projects in Bangalore – at Attibele near the Electronics City, Devanahalli, and Sarjapur Road – hoping to make “home buying within the reach of one and all.”

All the projects will have apartments in the studio, single bedroom, two bedroom and three bedroom categories. The target customers include senior citizens, ex-Servicemen, young couples, first-time buyers, government employees and all those who would want to move from rentals to EMIs without any difficulty.

Mr P.C. Sukanand, Managing Director, CSC Constructions, said, “We cater to all income levels. We would provide what other developers have been providing all these years, but at realistic prices. We have cut down on our margins instead of loading our profits on to the cost of construction.”
More projects

The company also plans to launch six more projects in the city in the next six weeks. “Depending on how we do here, we plan to go to Mumbai also,” he said.

The company would be investing about Rs 20-35 crore in each project towards development, with the landowner being the joint developer.

“We are not over-exposing ourselves to a single location, and we are going across multiple locations, thus offering customers a choice of location,” said Mr Rohit Chugani, Executive Director of the company. The company is also in talks with private equity players for funding for future projects.

“We hope to close in on few deals soon,” he added.

CSC Belle at Attibele will have 1,400 units ranging from 253 sq ft to 850 sq ft, with prices starting at Rs 4 lakh. Phase 1 of this project would see 860 units developed. CSC Boulevard at Devanahalli would have 480 units ranging from 290 sq ft to 1,000 sq ft, with prices starting at Rs 5 lakh. CSC Belva at Sarjapur Road would have 840 units in the 350-950 sq ft range, with prices starting at Rs 5 lakh.

“There will be no compromise on quality or cutting short of amenities in our projects,” said Mr Sukanand.

The residential complexes will come with amenities including swimming pool, kids’ play area, a Hospice centre, crèche, 24-hour security, supermarket/shops, gym, party hall, club house, etc.