Real Estate - Residential

MARG's residential spaces ranging from affordable homes to ultra luxury homes are covered under the aegis of 2 residential brands:

• MARG ProperTies
• Homes at MARG Swarnabhoomi

 

Over the past few years, MARG's residential developments have provided rich value to the customers while establishing its credentials with an ever increasing customer base.

• Over 4000 residential customers
• 4.02 million sq. ft of residential space sold to customers, with a sale value of Rs. 860 crores
• 1200 homes delivered to customers

• Over 6.54 million sq. ft of approved residential projects have been launched with a sale value of Rs. 1720 crores, across 12 projects located in OMR (IT Corridor), East Coast Road (ECR), Oragadam - Sriperumpudur and Tirupati
• 5.7 million sq. ft of residential projects have been soft-launched with a sale value of Rs. 1220 crores in 2 projects located on ECR
• 0.8 million sq. ft of residential project on OMR is gearing up for launch with a sale value of Rs. 510 crores
• 7.35 million sq. ft of residential projects on ECR with development rights are under conceptual stage
• Majority of MARG’s residential projects are located on growth corridors (OMR-IT corridor, East Coast Road-ECR, Oragadam - Sriperumpudur & Tirupati) where the land cost is much lesser as compared to city / CBDs. Hence this provides a huge opportunity to MARG’s residential customers for potential appreciation on their investments.
• OMR with 95 IT companies and its current employee strength of 0.15 mn expected to grow to 0.20 mn
• Sriperumpudur with 22 Fortune 500 companies & 0.15 mn employees in the corridor-the Detroit of India & emerging as the fastest growing industrial hub in India
• At MARG Swarnabhoomi, by 2013-14, the total student population is expected to be over 1500, which will further grow to 4,000 by FY16, accelerating demand for residential / hostel facilities
• Education and Research Institutions, IT/ITES training centres and industrial & defense offset units will drive the MARG Swarnabhoomi residential development

With most projects priced in the affordable range of Rs. 2000 to 3200 per sq and investment size in the range of Rs. 20-30 Lacs, MARG’s residential spaces have a fast growing customer base.