Anveshan Catalysts aims to develop differentiated low-cost and affordable housing projects that incorporate environmentally friendly strategies and technologies for migrant, self-employed, women groups etc. and provide hire-purchase options that evolve into a security net for the potential clientele.
Anveshan’s mission is to provide affordable housing for people with low incomes, especially young migrant workers and women. Anveshan aims to develop pilot projects comprising 100 to 500 houses (of 35 to 65 sq yards), which will be built in clusters for the target segment, with options for ownership, dormitories and rent. The project will consider location proximity to employment generators, public transport linkages, community facilities and other essential services. The scheme will have provisions for people with disabilities, would protect and enhance the environment and will have sustainable drainage and waste disposal systems. Clusters will have satisfactory standards of personal safety, traffic safety and shall be well maintained.
The project offers rental and hire purchase options, wherein the rental option can be converted to purchase option when convenient, which makes it affordable. Anveshan would also ensure social security by provision of life insurance as an integral part of ownership. The targeted group would have a lifetime asset that can be leveraged for pension after retirement, ensuring sustainability of the offering.
The competitive advantage of Anveshan lies in its ability to create an attractive, affordable and sustainable offering for the lower income group. The purchaser does not have to pay any margin money (mandatory with other builders), which makes the project attractive to the target segment. Anveshan ensures best return on investments through quality maintenance of the scheme and maximization of the value of property. (The promoter will be involved in the project as co-owner and will ensure maintenance of the property).