News & Views on Indian Real Estate

Tuesday, August 12, 2008

Low-Cost Houses - The New Real Estate Mantra

Real estate companies are now focusing on the development of low-cost homes targeting the middle and lower-income groups. With the country facing a shortage of 22 million home units, as per a survey by the Housing and Urban Property Allevation Ministry, low-cost projects are the need of the hour. Developers are increasingly venturing into mass-housing or low-cost projects, typically on the periphery of large cities and in Tier-II and III cities. All major developers like Omaxe, DLF, Ansal API and Parsvnath have major plans to venture into low-cost housing.