Unicon Foland Multistorey Apartments Area Range 1222 - 1602 sqft, Located at Kanakpura Road, Bangalore available for sale 2BHK Apartments and 3BHK Apartments.
Description:
Being built to be a paradise retreat for the chosen few, Unicon Foland was designed along the lines of a contemporary style of architecture. With a focal point on peaceful living, every corner of this property will be crafted around Luxury, Convenience and Practicality. With thoughts behind our every action, a total riddance of unnecessary waste of space makes life seem larger than before and guarantees a lifestyle wide enough for you to spread your wings.
At every conference, every seminar, every meeting, eminent speakers from the Real Estate Industry and Housing Finance Industry have been speaking about the affordable housing. It is a known fact that the demand for residential housing is ever increasing, particularly in the higher and lower income groups. Housing for the poor classes is always an issue, which remains unsolved, since no one is interested in taking up the housing projects for these people. Apart from the affluent class, middle class (higher as well as lower) and poor class, there is one class that is people below poverty line (BPL) which, it seems, has never been addressed. The demand for houses for middle and poor class is said to be quite high, but the property developers seem to be not very much interested in taking up any projects as the profit margin will be comparatively low.
Affordability is a relative term. It varies from people to people, even person to person. There are people who can afford to have house / flat costing Rs.75crore and there are people who cannot purchase a house / flat even costing Rs.5lakh without raising a loan. They cannot pay even the interest on such loans. Now-a-days the loan facilities are available easily and people do try to have their own houses / flats by raising loans. Of course, people in the urban areas, particularly in major cities and Metros, put themselves in 'search' mode and try to purchase a dwelling accommodation affordable for them. The property developers organize, through their associations, periodically exhibitions, property Melas etc. in the major cities for promoting their properties. To attract the NRIs, exhibitions and melas are organized by the property developers in other countries, especially in the middle east.
As we are talking about affordability, who can afford is a matter that is perhaps decided by the financial institutions who come forward to offer loans. The affordability is determined on the basis of monthly income of the person, the job security of the applicant, collateral securities available, number of years the applicant will be in service before retirement, etc. Accordingly, the financial institutions work out the amount that the applicant can afford to pay monthly and the period for repayment of loan and interest thereon.
The developers take up the housing projects in various parts of the city. The projects are generally designed to suit various classes of people. The higher class people have no problem of affordability. Number of developed flats / houses/sites will be available in the property market at the prices which may suit them. In most of the cases of this category, the affordability is not a problem at all as they can buy the property outright or through the financial institutions as they can raise loans without any problem. They buy the property which they can afford easily without any fuss about the EMIs. Property developers are also more interested in this class of buyers as the deals are finalized quickly.
The affordable housing about which we are talking, is applicable to the lower middle class and poor people as they are the main buyers. These people will be planning to purchase houses / flats with the help of financial assistance from the banks and other financial institutions. In view of the high cost of construction, the minimum cost of flats, as we see from the offers made by the developers through the media, is above 15- 20 lakhs. This minimum cost is affordable only by the middle class people. Then what about the poor class, who cannot afford to pay 15 lakhs? Will buying the house by such class of people could remain to be only a dream?
The poor people whose monthly income is meager still require a dwelling unit of their own. It is perhaps only the government agencies which have to plan for cheaper affordable houses through various schemes under plan programmers. Government can even influence the private property developers to take up the projects for smaller houses, without luxurious facilities, but with minimum requirements of basic facilities for simple living. The houses so constructed under the programmer should be exclusively for low income group people.
The property developers have to study the demand for particular section of the society and plan and take up the projects according to the needs and keeping in view the affordability of the people. All areas of the city should have different types of projects to attract people of all classes. It is now felt that in view of the heavy cost of the projects, the cost of flats with 2 BHK (Bedroom, Hall & Kitchen) and above are not affordable by all. Still people have to buy a house, it seems therefore, that there may be a good demand for 1 BHK flats with minimum required facilities, as the cost will be comparatively low. So one BHK flats at affordable cost is sought after in case of flats and cheap mass scale housing for the lowest lass of the society are really the need of the day.
Government may provide some incentives to the private property developers who take up such projects and also compel financial institutions and banks to extend financial assistance to the low income group to enable them to buy the houses, so that more and more developers would come forward to take up such projects and complete them in shortest possible period. The buyers of this class should feel that they can afford to have their own house in their life time.
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Unicon apartments are located in the center of the city with all the amenities. I bought a 3BHK apartment in Kanakapur constructed by Unicon.
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