{"id":5326,"date":"2017-04-24T18:30:37","date_gmt":"2017-04-24T18:30:37","guid":{"rendered":"http:\/\/faceinews.com\/?p=5326"},"modified":"2017-04-24T18:30:37","modified_gmt":"2017-04-24T18:30:37","slug":"xs-real-launches-en-veedu-a-truly-affordable-housing-project-in-chennai","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=5326","title":{"rendered":"XS Real launches \u2018En Veedu\u2019-A truly Affordable Housing project in Chennai"},"content":{"rendered":"

\"Pic<\/a>475 units of Compact, 1 BR and 2 BR apartments<\/strong>
\nHighlights of the Project:<\/strong>
\nFirst Affordable housing project from Chennai<\/strong>
\nPMAY compliant project<\/strong>
\nPriced at Rs. 4 -9.99 Lakh <\/strong>
\nEMI from Rs. 2800 to Rs 6800 with govt subsidy<\/strong>
\n475 units of Compact, 1 BR and 2 BR apartments<\/strong>
\nGood social infrastructure<\/strong>
\nSports facilities<\/strong>
\nCommercial Shops<\/strong><\/p>\n

\"Pic<\/a>Priced between Rs. 4 to 9.9 lakhs with EMI from Rs 2800 to Rs. 6800<\/strong>
\nPMAY compliant project coming up near Guduvancherry<\/strong><\/p>\n

\u00a0<\/strong>Chennai, 24th\u00a0April 2017: XS Real Properties<\/strong> launched Chennai\u2019s first Affordable Housing project aptly called \u2018EN VEEDU\u2019 today in Chennai. This first Pradhan Mantri Awas Yojana (PMAY) compliant project in Tamil Nadu, is set to come up in the developing GST belt near Guduvancherry with all social infrastructure in place.<\/p>\n

Speaking on momentous occasion, Mr. N Shankar, CEO of XS Real said, \u201cThis is a great moment for us as we contribute our bit to the humongous task of \u2018Housing for All by 2022\u2019 mission of the Government of India. This project will be a dream come true for the lower income segment of the population. Guduvancherry is a great locale for such a project with all social infrastructures such as Schools, Colleges, Hospitals, Commercial, Rail link and Central Bus terminus. Apartments are priced very attractively at a never before heard price band of Rs.4 to 9.99 lakhs with government Subsidy making it truly an Affordable House for the lower income group\u201d.<\/p>\n

En Veedu will have 475 units of compact, 1 BR and 2 BR and there are sports amenities and commercial shops that meet the aspirations and requirements of the customers<\/p>\n

Overall, around 82,048 such houses are being constructed all over India, under the Pradhan Mantri Awas Yojana as of March 31, 2017 according to government reports. \u201cAs the initiative aims at providing more houses for the lower income group, our project will give special discount \/offers for people in Public Service such as in Army, Hospitals, Schools, NGOs etc apart from retired government employees. XS Real is completing 22 years in the industry and we are proud to enter the affordable housing segment with PMAY scheme benefits. XS Real Courtyard in Coimbatore is one project that has already been notified as affordable housing under PMAY and it is the first project from Tamil Nadu to get such recognition,\u201d he adds.<\/p>\n

Due to complications in the approval process and heavy tax structure, not many private players have entered the affordable segment under the PMAY initiative, \u201cHigh land price also holds back the developers to enter into this segment and the almost non-existent profits stands as the other stumbling block. Unless they are pre-sold, interest costs will make the project unviable and hence there is need for quick approvals and concessions like exemption from stamp duty, service tax etc. Though there is a good demand for affordable housing, it will take some time for the private players to join the mission \u2018Housing for all by 2022\u2019. But with involvement from private players, the mission will get empowered at a rapid phase,\u201d he concludes.<\/p>\n","protected":false},"excerpt":{"rendered":"

475 units of Compact, 1 BR and 2 BR apartments Highlights of the Project: First Affordable housing project from Chennai PMAY compliant project Priced at Rs. 4 -9.99 Lakh EMI from Rs. 2800 to Rs 6800 with govt subsidy 475 units of Compact, 1 BR and 2 BR apartments Good social infrastructure Sports facilities Commercial […]<\/p>\n","protected":false},"author":2,"featured_media":5328,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-5326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/5326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5326"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/5326\/revisions"}],"predecessor-version":[{"id":5329,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/5326\/revisions\/5329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/5328"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}