Assotech limited launched first private affordable housing project in Jharkhand under its wholly owned subsidiary Assotech Sungrowth Abode llP with ground breaking ceremony for the first phase of project taking place at Assotech Hills site in Boreya area of the city. Ranchi MP Ramtahal Chowdhary, Ranchi Municipal Corporation (RMC) Mayor Asha lakra, Kanke MlA Dr Jeetu Charan Ram were present in the ground breaking ceremony of the first phase under which the comply plans to develop 680 units at an investment of Rs 150 Crores.
The project is a result of the Memorandum of Understanding (MoU) between government of Jharkhand and company during Momentum Jharkhand: Global Investors Summit in organised in February 2017. The company pledged to develop 3,000 affordable housing units with an investment of over Rs 500 Crores. Company MD Sanjeev Srivastava said on the occasion of ground breaking ceremony that the company enjoyed having exceptionally satisfied home buyers wherever it ventured into including Gwalior (MP), Bhubaneshwar (Odisha) and NCR in last three decades.
“The company is all set to start construction of units after this ground breaking ceremony. We target to complete construction of first phase in 24 months, way ahead of 30 months time under Real Estate Regulatory Authority (RERA) laws. The units are of carpet area upto 30 square meters for 1BHK and 60 square meters for 2BHK. We will provide bedroom, hall, kitchen and bathroom set under 1BHK for economically weaker sections (EWS) under brand name of Vardaan Homes at the cost of around Rs 12 lakh,” said Srivastava.
At the same time, units under 2BHK will be of carpet area upto 60 square meters in which company will provide 2 bedrooms, hall, Kitchen, bathroom, Balcony and pooja space) for lower income group (lIG) under brand name of Aajeevan Homes at the cost of around Rs 18 lakh. “The specifications of these units and facilities of the township is as per the guidelines of Pradhan Mantri Awas Yojna (PMAY) and Jharkhand Affordable housing policy,” said Srivastava.