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Golden Gate properties enters in affordable housing market

04 Jun 2015

Golden-gate-properties Bangalore Based Golden Gate Properties affordable housing venture, Commune Properties India plan to build over 7000 apartments across tier I & tier II cities of South India. Sanjay Raj, Executive Director Commune Properties India said," We at Commune are committed to become one of the leading developer's in India in the Branded Affordable Homes segment. The launch of Commune One is the first step in this direction. The first property, Commune One "a gated community will come up at Marasur, Electronic City, Bengaluru. The proeprty will offer apartments ranging from 765 sft 1BHK unit to 1500 sft 3 BHK units. "We will be looking at more than 12 Commune projects across the country," says Raj. Besides Bengaluru, Commune will work on Chennai and Mysore this year and plans to launch projects in Hyderabad, Vijaywada, Vizag, Coimbatore and Mangalore next year. Golden Gate property is into construction of residential and commercial and has investments from International FIIs. The company has multiple projects worth Rs 1500 cr and the 10 different Commune Projects, under construction across Bangalore, Mysore, Chennai and Hyderabad. Source : ETReality.com

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