Within 5years 80,000 affordable housing

Q: 80,000 affordable housing units in the Rs 3-10 lakh range will be constructed in Mumbai??

Sanjana Jain, Mumbai

19th November 2013

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Replies (3)

I heard in the report that the southern region , cultural resistance will move to multi-storey flat format are some of the reasons cited by developers for not entering the space..

Srikumar Nair,

21st November 2013

Comment

@Kunal: I heard that the report points out the industrial belt of Rewari or Dharuhera in the Delhi-NCR region could see some LIH supply emerge in future as a few developers has expressed interest in building which is below Rs 10 lakh housing in these geographies..

Srikumar Nair,

21st November 2013

Comment

Hey in the eastern part many LIH developers have emerged in Kolkata and Bhubaneshwar. In Bhubaneshwar, there is more supply in future as there has been a concerted effort by the state government to promote low-income housing..

Kunal,

21st November 2013

Hey I think this would be good for middle income people, as they can afford for such homes. :)

Vivek Kulkarni,

21st November 2013

Yes Vivek..after the affordable houses come, it would be good for mid income people.,Hope it wud be finished in 5 years.

Kunal,

21st November 2013

Hi Sanjana even I heard about this news that around 80,000 affordable housing units in the Rs 3-10 lakh range were constructed in the last five years all over across India.

Puneet Laskar,

21st November 2013

Comment

Almost twice as many units have been launched in the last 30-month period as compared to the previous one , heard that around 22 cities in the country, Ahmedabad, Mumbai and Indore are seeing good volumes of supply.

Kunal,

21st November 2013