Sanand

Status: Construction
Country: India
City: Ahmedabad
Partner: Janaadhar
Year Approved: 2020

Total Invested

INR 400,000,000

Average Sales Price

INR 1,918,120

Total Invested

$4,777,316

Average Sales Price

$28,504

Delivery of Homes

Total Financed

Completed

Basic

817

230

Project Overview

This project is located in Sanand, near Ahmedabad, and involves the construction of 828 one and two bedroom apartments. The blocks are surrounded by security fencing and access is only available to residents. The apartments will be located around central courtyards with children’s playgrounds, helping to nurture a community.

The site location serves a growing industrial area that is home to international manufacturing employers such as Tata Motors, Suzuki and Ford, as well as being well connected to amenities such as schools, public transport and healthcare facilities.

Whilst the project targets people living on low incomes, affordability is even further improved by the opportunity for residents to apply for the government’s Pradhan Mantri Awas Yojana (PMAY) scheme, which subsidises the interest charges of housing mortgages. Classed as ‘Affordable Housing Loans’ these will be provided by banks including the Central Bank of India and the Housing Development Finance Cooperation (HDFC). With this subsidy, all of the housing units are affordable to the bottom 40th percentile of the Ahmedabad population.

230

Homes Completed

230

Connected to Water and Sanitation

Housing Information

Description	Type	Number Expected	Number Completed	Unit Size (m²)	Sales Price (Local Currency)
1BHK Compact	Basic	154	-	31	1250000
1BHK	Basic	288	151	34	1550000
2BHK Compact	Basic	158	79	47	2300000
2BHK	Basic	203	-	53	2650000
2BHK Corner type 1	Basic	7	-	59	-
2BHK Corner type 2	Basic	7	-	57	-