Prakash Associates planning to set up Residential Complex Project in Maharashtra

Prakash Associates is developing a new residential complex in Charholi, Maharashtra. The Prakash Residency project is set to begin construction in early 2024 and is slated to be finished by the end of 2026. The development will cover 5 acres and will have 200 flats. The total cost of the project is 94 crores. The units will range in size from one to three bedrooms. A swimming pool, gym, clubhouse, children's play area, and landscaped gardens will also be included in the project. With this project, Prakash Associates is targeting the middle and upper middle classes. 

The company believes there is a great need for low-cost, high-quality residential flats in Charholi, a rapidly expanding neighbourhood of Pune. Project Details Location: Charholi, Pune, Maharashtra Area: 5 acres Number of units: 200 apartments Sizes: 1 BHK to 3 BHK Amenities: Swimming pool, gym, clubhouse, children's play area, landscaped gardens Launch: Early 2024 Completion: End of 2026 Target Audience Middle class and upper middle class Challenges Competition from other developers in the area Rising cost of construction Benefits Strong demand for affordable and high-quality residential apartments in Charholi Rapidly developing area in Pune Overall, Prakash Residency is a promising new project that has the potential to be successful. 

The project is well-located in a growing area with a strong demand for affordable and high-quality residential apartments. Prakash Associates is a reputable developer with a track record of success. However, the project will face some challenges, such as competition from other developers and rising construction costs. Here are some additional things that Prakash Associates should consider when planning its new residential complex project: Market research: The company should conduct thorough market research to identify the specific needs and wants of the target market. 

This research will help to ensure that the project meets the demands of the market. Product design: The company should design apartments that are both affordable and functional. The apartments should be spacious and well-ventilated. They should also have all of the essential amenities that homebuyers are looking for. Pricing: The company should price the apartments competitively. The prices should be affordable for the target market and should also reflect the value of the apartments. Marketing and sales: The company should develop a comprehensive marketing and sales strategy for the project. The strategy should focus on reaching the target market and generating leads. The company should also have a team of experienced sales professionals to close deals.

As of September 2023, The project is now in the stage of receiving approvals & has obtained all necessary government permissions work of the project is anticipated to occur in either 2023 or 2024.

News by RAhul Yeligetti