Keeping in view the demand for affordable housing, Baviskar Group launched its debut project named Shankarsheela complex. All the flats were sold to Navi Mumbai Municipal Corporation (NMMC) staff at a very affordable cost, says Prakash Baviskar, Founder, Baviskar Group of Companies, in conversation with Harshal Desai of Elets News Network (ENN).
Please brief us about Baviskar Group of Companies? How has your esteemed organisation grown over the last 10 years?
M/s Bhawani Vikasak (India) Private Limited being a part of Baviskar Group, incorporated on March 22, 2000, by its Chairman and Managing Director, is today one of the fastest growing construction companies. The company is one of the top two selected for CREDAI AWARDS and CNBC AWARD for Corporate Social Responsibility and Category Affordable Housing in Metro Cities across India. Added to this is the company’s compelling motive of being a socially responsible enterprise since its commencement. Our Mission is to leave no stone unturned to fulfil the dreams of the common man, enriching their life.
We have done a thorough market study and tried to balance the demand & supply ratio which enabled us to produce targeted affordable housing efficiently. Currently we have obtained CC for a project of almost 200 affordable flats at Vasind, Thane. Also, an integrated township Project approved by the Government of Maharashtra, is one of our colossal projects in pipeline. This project targets more than 10,000 homes, out of which almost 80 percent units are absolutely under PMAY affordable slab.BGC started its journey with a noble cause & is holding firm its passion to shelter India affordably, and is now heading towards higher targets.
What are your views on Pradhan Mantri Awas Yojana (PMAY) – Urban? How will this scheme benefit the urban poor?
In a city like Mumbai, various factors including land cost adds to the hiked costs of the housing units, thus owning a shelter in an urban setup remains a far-fetched dream for many & PMAY will definitely prove to be of greater benefits to urban poor, if executed efficiently.
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