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Kemia, 1st builder to give ‘10+10’ warranty for homes

Launches new residential project in Kolkata

India 20 September 2016: Kemia Apartments Limited (from the Kemia Group), a Chennai based company whose primary business is construction and promotion of residential projects across India, has launched another residential project "Lotus" Phase II (“Lotus” Phase I has been completed and handed over) in Kolkata

Kemia, 1st builder to give ‘10+10’ warranty for homes

The project will have a combination of 16 well planned 2 BHK apartments, coming up in the lush green, pollution free and most sought after realty destination 'Nayabad', in the rapidly growing EM bypass area in South-East Kolkata.
According to Mr. K. K. Kulothungan, Chairman & MD, Kemia Apartments, “Nayabad, where our project is located, has excellent connectivity with the other parts of Kolkata City through bus and rail (New Garia and Kabi Subhas metro). Five beautiful lakes (Pancho Sarovar Lake), reputed hospitals (Peerless, Ruby, RN Tagore), good schools, upcoming Shopping Complex and proximity (2 km) to EM Bypass, add to the serenity of the project.

He added, “These factors make Lotus II in Nayabad, a viable option for investment and living, considering future expansion and growth of the city. Choose to live in a nicer part of the City where all important facilities and requirements are just a stone throw away from your location.”

“Living large doesn't always have to come in big packages. It's all about how everything is packaged even in a small area. It's about intelligent architecture, maximum space utilization and incorporating all the advantages of living in a cozy one or two bed-kitchen-living room space that are considered as practical-good option, cost-effective and very affordable. With a successful track record of building these value-for-money homes for more than two decades, Kemia has established itself as a long term player. Most of the Nationalized banks have approved our project for loans.”

10+10 Homes – A paradigm shift

Mr. Kulothungan then discussed the new concept which according to them is going to radically change the market perception in terms of quality and builders’ offerings and responsibility, all benefitting the buyer at the end of it. After several years of research and understanding customer needs and aspirations, Kemia is introducing this concept in Kolkata.

This 10 + 10 Home concept envisages
·        10 years Warranty
·        10 years Maintenance
·        Built-in high compliance standards
·        Real Value for Money

The "10 + 10 home will now define the meaning of a value engineered product for every home, setting a new bench mark in this segment.

According to Mr. Raphael Ilavarason, Group CEO, "Lotus" caters to the aspirations of the middle income group, and despite many high end specifications, prices have been kept at affordable levels. Kemia’s other on-going projects include Ferns – the villa homes in Puducherry. In Chennai, on East Coast Road (ECR) we have launched “Paradise Beach”. an exclusive beach side residential project while “Melody”, in the City, is in the pipe-line.”

“We have been in the business for over 20 years and have successfully completed projects in Chennai, Kolkata and Pondicherry and are looking at expanding into Bangalore and other Tier 2 cities in future. Kemia Homes takes pride in the fact that we are a zero debt company. In addition to housing, the Kemia Group is involved in hospitality, plantations, software.”
He added, “We are ensuring that all our projects are on par with the current international standards of home living. In future, we plan to develop housing projects worth over Rs.600 crores in Chennai, Kolkata and Bangalore. The value of our projects currently underway is around Rs.125 crores. Under development are projects valued at more than Rs.250 crores in the next 6 to 8 months.”

“Lotus” – Phase II