Vastushodh launches affordable housing project

To invest Rs 25 cr for the project; to have better features & amenities

City-based Vastushodh Projects today announced the launch of its AnandGram affordable housing project at Ketkawale on Pune-Satara Highway. The new project will be the first upgraded launch from the company.

AnandGram’ housing project are aimed at catering to the needs of lower & middle income group, where homes with all required amenities are provided in the price range of Rs 500,000 to 20 lakh.

“The first upgraded ‘AnandGram’ with more than 500 homes will come up at Ketkawale, on an eight acre plot. It will set an all new benchmark in the affordable housing segment with the additions of some of the most desired features and amenities,” said Sachin Kulkarni, managing director Vastushodh Projects. He also added that the upgraded version will not mean an increase in project cost. So far, Vastushodh has invested Rs 25 crore for this project through its own provisions.

‘AnandGram’ projects are built in the suburbs on highways connected to Pune that are just 25 to 35 Kilometers away from the city of Pune.  

These new upgraded ‘AnandGram’ will have parking plus seven to nine floors along with lifts having generator backup, unlike the earlier ‘AnandGram’ projects, where the buildings have been constructed in the Parking plus four floors format without lifts.

Vastushodh projects come under two brands—AnandGram and UrbanGram—for lower and middle income group customers. AnandGram offers homes in the range of Rs  500,000 to Rs  1,500,000 and UrbanGram flats are available in the range of Rs  15 lakh to Rs  30 lakh.

So far Vastushodh has completed construction of 1,700 housing units at multiple locations in Pune and is currently in the process of developing about 7.5 million square feet with over 13,000 units of affordable housing.

So far Vastushodh has delivered 1,250 plus homes under the ‘AnandGram’ category and 3500 units in this category are under various stages of development. In the next  3 to 5 years, company has plans to construct 10000 Units in this category.