Daijiworld Media Network - Business
Udupi, Jan 12: With the advent of the New Year there is a changed financial environment in the country, with emphasis on transparency and non cash transactions. The government’s move to demonetise 86% of our currency has left all banks flush with funds.
This unexpected fund flow into the banking system has resulted in the banks cutting retail loan rates including housing loan rates by a large margin directly impacting millions of existing home-owners and new home buyers. Presently, the lowest rate of interest is being offered by SBI at 8.5% with the lowest EMI of 874/lac.
In many mature markets, were the volume of construction is large and there has been a build-up of unsold stock over the last 12-18 months, there may be a marginal softening of prices. However, Udupi is a relatively underdeveloped market with few projects in good locations of the city, limiting the options of good, quality housing projects for customers looking to invest in Udupi. This coupled with the expected implementation of RERA, the new real estate regulation act, which is expected to impact the number of new projects being launched, real estate experts feel prices are expected to firm up and rise in the tier 2 and 3 cities in the short term.
Khain Properties presents an ideal opportunity to take advantage of the present investor friendly scenario, with its ongoing project 'Aashiyana". The project is located 300 meters from Kalsanka junction which is fast turning out to be the hub of Udupi city with broad, well-planned roads, underground drainage facility, commercial establishments and transport hub.
The project is located 50 meters from the main road, thus avoiding the noise and pollution of the main roads yet retaining the accessibility and convenience of modern living in the city. Consisting of 1, 2 and 3 BHK apartments and 2 independent 4 BHK luxurious villa’s, with a flowing fountain and children’s play area separating Block 1 and 2, gas connection, gym, recreation area, modern fit and finish, the project is fast turning out to be a landmark project in the city.
This project promises to be the ideal choice for anyone who aspires to own a home with all facilities in the heart of the city where all important destinations like businesses, prayer centers and educational institutions etc are situated nearby and the surroundings are serene. Testimony to this, over 65% of the units in the project have already been booked and Block 1 is scheduled for possession in December 2017.
Khain Properties has completed projects such as 'Khain Silent Meadow' at Manipal, 'Khain Annappa Heritage' at Bhramagiri, Rahul Nagar Layout at Manipal, 'Khain Serenity' at Mission Compound, Udupi and 'Nilaya' at Kalsanka and to its credit all the projects have been sold out before their scheduled completion date.
'Aashiyana' is an ideal choice for those who are looking for quality housing options with modern amenities to provide everyday comforts. The project is developed in 97 cents of land which means that the needed space for the occupants is guaranteed.
The company has established itself as one of the premier developers in Udupi, guided by the basic principles of integrity and quality, which provide the core strength of the company, and to establish a lasting relationship with customers based on quality, transperancy, and value for money.
As stressed, quality and transparency are the two pillars on which Khain Properties has been able to make a strong presence and gain foothold in the real estate market of Udupi. With a few more projects in the pipeline, Khain Properties is sure to create some more memorable and striking landmark projects in Udupi district. In addition, Khain Properties provides property management services, wherein the company will source tenants, collect and deposit monthly rents, periodically inspect the apartment for those clients who want to rent-out the apartment.
Grab this ideal opportunity and own your home 'sweet home' at 'Aashiyana'.
Click here for 'Aashiyana' walkthrough
No-13-3-31E, 2nd Floor,
Devaraj Towers, Court Road,
Udupi - 576101.
Phone: 0820 – 2527855,
Sales and After Sales : 08880505855