Kumari Builders and Developers enters Into Villa Segment, Invests Rs 500 Crore

RERABy Accommodation Times Bureau

Kumari Builders and Developers is foraying into villa segment with the launch of two accessible luxury developments in Malur and Sarjapur Road. The 50-acre project in Malur will offer 750 homes, while the 12-acre project on Sarjapur Road includes 192 villas.

The developer is planning to invest Rs. 500 crore over the next five years in building villas, the company said in the statement.

Bengaluru is one of the most promising real-estate investment markets in India. With a mere 6,400 units available as of 2016, the villa projects in the city have seen a remarkable absorption rate of around 55 percent. Sarjapura, Bellary Road, Whitefield, Hoskote and Hosur Road are the emerging residential hubs for villa projects, with a valuation of properties reaching up to Rs. 1 crore.

Within a notable radius of these localities, villas are priced anywhere from Rs. 4,500 per sq ft soaring upwards to Rs. 15,000 per sq ft. The demand in these strategic locations has led several property investors to construct villa properties in and around these areas. To this end, the villa category seemed to be the next logical step for Kumari Builders and Developers.

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