DAVAO City's attractiveness, in terms of real estate development, continues to be on the heat with the different residential and commercial construction left and right.

As an additional proof of this ongoing trend, a new player decided to be in Davao City to provide additional choices for those seeking new residential options.

Avani Residences, a 10-hectare property, takes much emphasis and priority on the lifestyle amenities for its future residents.

More than 300 real estate agents, brokers, and managers were present at the Marco Polo Hotel last Wednesday, July 24, when Golden 8 Construction & Development Corp. officially announced the arrival of Avani Residences in Barangay Mintal, Tugbok District, Davao City.

"This is a lifestyle development project. We're offering a gym; we're offering a Jacuzzi, a swimming pool, badminton court, basketball court, and a jog path. We made it a point na covered lahat ng courts. At least people can play from morning to night. We have some elders who would also be staying with us. We would like to give them a place they can stay and also play in," said Dilip K. Budhrani, Golden 8 chief executive officer (CEO).

Within the 10-hectare property, Budhrani said they plan to build 520 homes with the rest of the space intended for their lifestyle facilities.

The Avani Residences is currently on the land development stages and they expect to go full blast within 60 to 120 days.

Budhrani said they are only waiting for their License to Sell permits before they can start with pre-selling.

As compared to other developers in the city, he is confident that they are of competitive pricing given the many amenities the residents can enjoy.

Opening price for their regular 100-square-meter unit is pegged at under P4 million, while others, upon their research, would cost around P5 million to P6 million.

"Our investment for this development is at P150 million. What's important to note is that we're not using any bank facilities, developmental fund, or development loans. We're not borrowing any money for this project. It's all self-financed," Budhrani said. (JPA)