Townships are back in vogue. With the property market recovering, builders are again focussing on this concept in Kozhikode. Many of them offer townships within the city as a unique selling proposition.
The Chennai-based Prime Realty has come up with a villa project in a sprawling locale at Kuttiyilthazham close to the proposed Cyber Park. There will be 26 villas on 2.5 acres of land, near the proposed link road connecting the Ramanattukara-Thondayad bypass and the Meenchanda mini bypass.
“The current market scene has made builders stress new models. Buyers will not simply be tempted to choose a villa or flat with regular features,” says M. Rajeevkumar, director of the project.
Each villa has an area of approximately 2,000 sq ft, bound by a compound wall, on 5.5 cents to 8 cents of land. A tennis court, a children’s park, a playground, a swimming pool, a clubhouse, a multi-gym and a common parking area for visitors will come up on an acre of land. Round-the-clock security will be provided.
“Each villa will be fully furnished. An LCD TV will be provided. Customers can just walk into their dream home,” Mr. Rajeevkumar says.
The priced will be about Rs.50 lakh. There are different modes of payment. Either the land will be registered in the buyer’s name initially or the client will have the option to make payments in instalments during the various stages of the project, Mr. Rajeevkumar says.
“Townships have successfully gained acceptance in major metros. Earlier, housing projects were focussed in areas near hospitals and schools. Now, it is done in a better fashion with modern amenities,” he says.
Flats and villas
The Calicut Landmark Builders has launched a project at Methottuthazham Junction, near Pottammal, close to the proposed Cyber Park.
There will be 40 villas and 200 flats on six acres of land. The flats will be in two towers — one 11-storeyed and the other 17-storeyed.
The luxury villas and apartments will have amenities such as a swimming pool, a modern and well-equipped gymnasium and a walkway, says K. Arunkumar, managing director, Calicut Landmark Builders.
“The timely completion of our earlier township project near Kanndaikkal has given us the confidence to go ahead with the new township,” he says.
Townships help working couples.
“However, our target group belongs to all categories of people, including non-resident Indians and business executives. Owning a dwelling unit in a township is also a good investment,” he says.
The villas are priced at Rs.3,500 a sq ft. Mr. Arunkumar says the units can be customised according to the taste of the buyers. The minimum space is 1,800 sq ft.
Affordable concept
The apartments are based on the idea of affordable homes. These are priced at Rs.1,850 a sq ft. There will be three categories of apartments depending on the areas and the number of bedrooms. A one-bed room flat will have a space of 550 sq ft. The other two types are in the range of 615 sq ft and 940 sq ft, he says.
He says the township project on the Kannadikkal-Paroppadi route with 17 villas and 54 apartments have been a fresh concept in Kozhikode when started in 2006-end. Initially, each villa was priced at Rs.40-45 lakh and flat, Rs.1,300 a sq ft.
The area is in the fringes of the city and close to Silver Hills Public School and Silver Hills Higher Secondary School. Besides, the residents have proximity to major hospitals in the city and connectivity to the Kozhikode-Wayanad Road (National Highway 212) and the Ramanattukara-Thondayad Bypass.
The Kozhikode-based Apollo Build-Tec recently launched a villa project at Ramanattukara. There are 32 villas on 3.5 acres of land. The villas will have areas between 2,000 sq ft and 2,500 sq ft and the launching price is Rs.2,750 a sq ft.
Spring Dale Villas of ‘hi-lite’ Builders at Palazhi is another township project. The villas are priced at Rs.3,500 a sq.ft.
The area of a villa will be 2,200 sq.ft. Thirty-five of the 110 villas have so far been sold, marketing officials say.
News Published Under: The Hindu