Hey Chandan, Have you heard the recent news? The international Finance Corporation (IFC), a member of the World Bank Group, will invest Rs. 160 crore along with Tata Value Homes (TVH), a subordinate of Tata Housing to finance affordable housing projects for low income group across India.
Yes, i read this today morning. Really a good initiative by IFC. This project will really help to fill the country's significant housing deficit. At the same time it will help to increase availability of affordable and value homes in India.
As per the news, this investment will provide Tata Value Homes long-term capital to develop about 16800 homes over the next 10 years. Earlier, Tata Housing had delivered over 5000 apartments in the price range of Rs 5 lakh to Rs. 30 lakh across various townships.