The £7.5 million project will be a mix of one, two, three and four bedroom flats, semi-detached, detached and terraced units.
Over 30 of the homes will be available for social rent, while nine will be available for mid-market rent and four through the LIFT (Low Cost Initiative for First Time Buyers) scheme administered by Highland Residential.
Bancon Construction will complete the work on behalf of Albyn Housing.
Calum Macaulay, Chief Executive of Albyn Housing Society, said: "Our main commitment as a housing society has always been to bring high quality homes to those who need it most. Our new partnership with Bancon Construction will help us to further our commitment to support sustainable communities and bring more quality housing to the Highlands.
-- Advertisement --
"We pride ourselves as being a housing society that can deliver housing at scale. We will continue to do this by building quality, affordable, energy efficient homes for rent and for sale in the communities that need them most, which, ultimately, will contribute not only to the region's housing demand, but the continued sustainability of the region and its distinct communities as a whole."
Gavin Currie, Managing Director of Bancon Construction, added: "We were extremely pleased to be awarded the contract by Albyn Housing Society to build 49 properties at the Balvonie Braes development in Inverness, which reflects our extensive experience in constructing high quality homes.
"As well as marking a move into the Highlands for Bancon Construction, this is our first project with Albyn Housing Society and we are looking forward to working closely with the team during construction."
Construction is expected to be completed by January 2020.
The new work at Balvonie Braes is part of Albyn Housing's commitment to bring 750 new homes to the Highlands by 2020. Homes have already been delivered in Alness, Conon Bridge, Inverness, Aviemore and Kirkhill.
(CM/MH)
