Friday, October 19, 2007

Satyagriha Project plans 1BHK (504 sq ft), 2BHK (900 sq ft) and 3BHK (1,206 sq ft) homes in the price bracket of Rs 7.75 lakh to Rs 23 lakh

Conceptualised along the Japanese idea of ‘space saving':

Bangalore-based Asipac, a provider of concepts, planning and marketing solutions to the real estate market, along with over 20 builders (domestic and international) are planning India's biggest private sector housing venture—the Rs 62,000-crore Satyagriha Project, which proposes to build 342,000 homes in the next six years across India.

Technology to save electricity and water:

The houses are fitted with sensors to conserve electricity and water. Bathrooms have shower cubicles split into a wet and dry area. These have weight sensors—when a person steps into the wet area the water starts, and turns off the moment he steps into the dry area. The toilet bowls are fitted with bum-washers, which too conserves water.

The Satyagriha consortium plans to customise these technologies to Indian requirements

DSC02065, originally uploaded by owba99.

Dear Amit, (Amit Bagaria is the chairman of Asipac) simple or hi-tech, no bum-washer for me. I simple Indian toilet. It saves space and costs less. To save the water, i will stop enjoying washing my bum. Self-control! I am also follower of Mahatmaji! For my foreign friends i will put this board:

how to use indian toilet, originally uploaded by bindifry.

What about you? Do you prefer (hi-tech or simple) western toilet or Indian toilet? Please, let me know in the comments.

1 comment:

  1. A clutch of investors are understood to have evinced interest in the country’s largest urban housing project. Five Private Equity (PE) firms, including Warburg Pincus, Goldman Sachs and AIG, are mulling exposure in the Rs 62,000-crore Satyagriha project involving around 20 realty developers across 15 Indian cities, sources said.

    India’s biggest private sector housing venture is expected to develop 342,000 homes priced between Rs 7-75 to Rs 22. 25 lakh over the next six years. The project is being marketed and managed by Bangalore-based Asipac Projects, and is expected to kick off in Jaipur later this month. The total land under development for the project is 634 acres.

    Besides Warburg, Goldman and AIG, two other funds, Barings Asia and Lightspeed Ventures, have also shown preliminary interest in picking up stake in the master asset holding company of the project, sources added. Sources said some of the bigger PEs could take an exposure of around $300 million initially. It is believed that a relatively smaller fund like Lightspeed could look at sewing up a consortium play targeted at one segment of the project development.

    It is possible that the project with a unified procurement, marketing and sales strategy might have multiple asset management companies. For instance, procurement alone could look at big-ticket investors given its Rs 24,500 crore size over a six year period, sources added. When contacted, Asipac Chairman Amit Bagaria declined to comment. The first phase of the Satyagriha project will include 64,000 homes spread over 18 projects in 10 cities.

    This apart, legal documentation and consumer financing could also come under a unified umbrella. The project would see the setting up of a 300-seater BPO for consumer and vendor interaction. Among the developers in the Satyagriha alliance are Bangalore-based firms Salarpuria Group and Golden Gate Properties, Koncept Ambience of Hyderabad, Unique Builders Mannat from Jaipur, Marg Constructions from Chennai and Israeli consortium PBEL - which includes M A Alagappan of Murugappa Group as an investor in his personal capacity.