80% of the first-time buyers prefer sensibly priced homes: Sowparnika

Affordable housing scheme gave a boost to the young workforce in owning their dream house

Published On: 2018-09-04

Bangalore, August 29, 2018: Sowparnika Projects and Infrastructure Pvt Ltd, a leading real estate player of the country,      has revealed that 80% of their customers are the first-time homebuyers. The young workforce migrating to the city is           the target as expressed by the company. 

Mr Ramji Subramaniam, Managing Director, Sowparnika Projects and Infrastructure Pvt Ltd commented ,With government’s initiative of providing housing to all by 2022, realtors in the affordable segment are experiencing high    demand. The demand of units are majorly arising from the first-time homebuyers, especially the young workforce     belonging to the mid-segment of the society. Due to high rental rates in a city like Bangalore, a prominent IT hub,            these millennials are preferring to own a house which would not burn their pockets with additional maintenance           charges throughout their rental period; one time investment is what they believe in. The change in their purchasing    behavior has now encouraged realtors to spread a message to the prospective homebuyers- Buy a house, not rent a       house. We aim at becoming the change driving agents in the real estate industry, thereby taking the growth of the          sector to great extent.

Sowparnika, headquartered in Bangalore, has laid strong foundation based on our core values of Commitment,          Customer Service and Excellence in what we deliver along with strong teamwork in each and every aspect of the organization. They have 5,000+ satisfied customers, 30+ completed projects, 25+ ongoing projects, 5+ million sq ft developed,4.5+ million sq. ft. under development and a strong presence in 3 states, namely, Karnataka, Tamil Nadu             and Kerala.

Sowparnika, headquartered in Bangalore, has laid strong foundation based on our core values of Commitment, Customer Service and Excellence in what we deliver along with strong teamwork in each and every aspect of the organization. They      have 5,000+ satisfied customers, 30+ completed projects, 25+ ongoing projects, 5+ million sq ft developed, 4.5+ million              sq. ft. under development and a strong presence in 3 states, namely, Karnataka, Tamil Nadu and Kerala.

About Sowparnika Projects and Infrastructure Pvt Ltd

The company’s vision is to be one of the top 10 preferred brands in the Housing & Infrastructure arena, by Delivering     Happiness and Value for a Lifetime.

Their mission is to become one among the top ten housing & infrastructure companies of South India, to achieve INR 1,000  crore turnover and a successful IPO by 2022, provide high-quality value homes through continuous innovations, improvements and timely delivery, create a culture of consistent growth and offer a transparent work environment that enhances employee excellence. They have 5,000+ satisfied customers, 30+ completed projects, 25+ ongoing projects, 5+ million sq. ft. developed, 4.5+ million sq. ft. under development.

Some of the projects of Sowparnika in Bengaluru include Flamenco (Sarjapur), Columns (Whitefield), Tharangini (Sarjapur), Purple Rose (Hoskote), Sanvi Phase 2 (Whitefield), Swastika 2 (Sarjapur) and Pranathi (Kumbalgodu). Indraprastha and    Unnathi are two amongst the ongoing projects.

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Mr Ramji Subramaniam, Managing Director, Sowparnika Projects and Infrastructure Pvt Ltd commented ,With government’s initiative of providing housing to all by 2022, realtors in the affordable segment are experiencing high demand
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