Nagpur: With the apartment culture of metro cities mushrooming in the Second Capital of the State, many builders sensed the opportunity and launched various housing society schemes, mostly in the outskirts of Nagpur city. While the ambitious projects aimed to raise easy money for the builders; high rates and low amenities are proving to be a damper on their plan.
“There are two things Nagpurians want when it comes to their dream home: huge space and an independent home, and they just can’t compromise with it. Period! Despite knowing this, many builders launched several housing society schemes at the outskirts of the city. These societies are quite away from the city, have less space in their apartments and compared to amenities they are offering are being priced high, are some key reasons that these housing schemes are turning a damp squib in Nagpur,” informed a broker on the condition of anonymity.
Another broker said that, “Housing schemes in the outskirts of the city are charging around 30-40 lakh for an apartment. Considering such a high amount, one can easily buy a home within the Nagpur Municipal Corporation (NMC) limits, then why bother spending so much on a house that’s so far away? The owners of these housing schemes are launching various offers and providing concessions, but failed to attract customers,” he said.
One broker elaborated that the footfall of customers is so low in these housing schemes that most of the apartments are only on rent. “With the intent of creating easy bucks, many housing societies in the outskirts can be seen selling 1 BHK or 1 and half BHK. By reducing size, and ultimately price they are trying to woo the customers, but in vain.”
