The company ‘Total Environment Building Systems Private Limited’ in its two projects ‘The magic faraway tree’ and ‘windmills of the mind,’ are offering unique and eco friendly houses, with least pressure on electricity and water. “We are using most of the natural materials like wood, mud and those things which are healthy to the earth’s atmosphere. All our houses are constructed with wire cut bricks and use of glass is very little,” informed Sanjay, an official at the stalls. Pointing out that the two projects will be different compared to the other housing projects, he said that his company aims at providing more green space around and even above the houses.
“Terrace gardening and land scaping have been part of our concept, this not only keeps the houses cool, but will also add to the aesthetic beauty of the houses,” he explained. “Each house is also equipped with rainwater harvesting, we are constructing all our houses with wire cut bricks, terracotta materials and other eco-friendly materials,” he added.
Though the stall attracted more visitors the price has been beyond the reach as the cost of 3,600 sq feet buildings is about Rs 1.5 crore, while the 6,000 sq feet building cost was an estimated Rs five crore.
As hundreds flooded the realty expo, the sector believes that the era of recession is over as they have been witnessing at the event inquiring about the houses.
End of Recession ?
The funds crunch due to recession did not deter the visitors to the expo as hundreds thronged the place while companies competed to lure them. “We never expected this big, the recession seems to be over,” said a person here. Suresh T M, Business Development Manager, SGR Buildtech Pvt Limited said that there has been lot of queries during the expo and attributed it to the revival of the market in the recent days, “We had difficult time since January as our sale was less than six, but surprisingly this month, we have already sold 23 flats, which indeed is a sign of revival,” he said.
He said that the price too has stabilised and the market has started accepting the builder’s price. “It has picked up so well that even during the pre-recession days, we were unable to sell more than eight house,” he said. However some of them said that it is only those project, which are offering low cost houses are on the positive side. “You can observe that those visiting here are looking out for just low cost houses, the high cost houses were not affected at all even during the recession,” said an official with Renaissance Holdings and Developers Private Limited, which specialises in low rise apartments.
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