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

    Published on August 29, 2018

    Bangalore : 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.