From correspondents in Karnataka, India, 12:05 PM IST

Golden Gate Properties Ltd – Bangalore’s leading property developer’s have launched their most aspirational project “The Commune” that promises to re-define the paradigm of home ownership in Bengaluru. The Commune is a self-sufficient township that promotes the concept of community living, it will offer 2500 world-class living spaces at an unbelievable price of just Rs.19 lakhs onwards offer 2BHK & 3BHK homes spread over 900-1500 sq.ft.

A self sufficient community living space spread over 30 acres and consisting of lifestyle features like lush courtyards, quaint walkways, mini stadium with facilities for all outdoor & indoor sports like football, cricket, squash, badminton, tennis etc., retail center, school, medical clinic and store, bank and ATM centre, restaurants, amphitheatre and piped gas facility, The Commune is located at the picturesque surrounds of NICE Corridor Road & is easily accessible from all parts of the city. It is just 3.5 kms from Mysore Road and a few kms. away from the proposed Metro Rail terminal at Banashankari. It is also within 15 minutes drive away from Kanakapura Road and Bannerghata Road.

The project has been designed by world renowned architect Andy Fischer and Golden Gate has deployed smart and innovative use of modern construction technology to bring down the cost of construction, thereby making it possible to deliver quality homes at affordable price. The technology used in The Commune will make it one of the safest building as per international norms, having used 100% concrete solution.

Speaking on the launch, K. Pratap Managing Director – Golden Gates Properties Ltd said, “With spiraling real estate costs, owning a home was becoming a distant dream for a larger section of the society, The Commune has been conceived to fulfill this need-gap. We are extremely delighted to offer a housing solution which is at par in quality, treatment and amenities with Bangalore’s premium apartments but still is with-in the reach of the common man with its affordable pricing. We will make The Commune as a brand for the common people and have plans to roll out the brand in ten cities within the next eighteen months. Our next stop will be Hyderabad, followed by Chennai, Mysore, Coimbatore, Cochin, Pune and others. It took us four years to master the art of building affordable housing solution, but having achieved the break-through, we will roll out such projects in double speed to fulfill people’s aspirations.

From the start we were clear that we did not want to compromise the following while developing the concept were: quality of the construction, the aesthetics, the features and amenities and the location! And I am proud that we have been able to deliver a product that has all these! It is a proud moment for Golden Gate to get the encouragement of the Honorable Chief Minster and the Govt. of Karnataka in our efforts to deliver such a product.”

The Commune will be delivered for possession within 18-20 months from the start of construction activity, another milestone that it will achieve by halving the time required to deliver projects of such scale. The company is planning to take The Commune project to Hyderabad, Chennai, Mysore, Coimbatore, Cochin, Pune and some other cities shortly.

Chief Minister’s comment on the ‘The Commune’ project

It could mark the beginning of private-public partnership in the sate. It is time the Real Estate sector stepped forward and joins hands with the Government effort to provide quality yet affordable housing solutions for the common people. My government is keen to form partnerships with the private sector to offer affordable solutions in the sectors of housing, education, food and health-care services. A roof above the head is every man’s dream and the need of the hour is quality housing that is affordable for the masses. The Commune has set a distinct trend and I urge enterprises to come forward with more such projects to help masses achieve their dreams”. He also said that affordable housing can indirectly propel the growth required in priority sector lending by enabling the common man to avail of the credit facility as envisaged by the RBI. The mini-stadium that comes with the Commune project also attracted the CM’s attention. He opined that providing a captive sporting facility in a project like this would go a long way in inculcating the sporting culture among the people who do not have access to such infrastructure and hence cannot hone their sporting skills. He specifically urged the Real Estate sector to look beyond the rich and make the city’s growth more equitable and inclusive by providing housing solutions for all.

Source: Press Release Distribution via India PRwire