Two million affordable houses required

Affordable housing is the only solution for the middle income indians. Most of the people are in search of affordable homes in metros particularly in delhi/ ncr, bangalore, chennai and pune. According to the report by Knight Frank Research Households with an annual income between Rs 3 lakh and Rs 10 lakh in Mumbai, NCR, Chennai, Bangalore, Hyderabad, Kolkata and Pune will need 1.65 billion square feet of space in coming couple of year. This trend may help developers to launch affordable house projects. But to make their projects more feasible, developers should think that their projects should not be in to far fringes area. It should be properly connected to the city and easy transportation should be available to the main places of the city specially the railway stations and airport.

2 thoughts on “Two million affordable houses required

  1. This is badly necessary for hardworking indian. Most of the indians are middle class employees.
    Otherwise, only business people can live in good location with all facilities.
    thanks for the the new scheme.
    I hope the government will accelerate these effort to come to true for every valuable indian citizens.

  2. hi! I’m working with a project there i need to analyse that how rental market will be affected during Common Wealth Games 2010??
    If you guys have any data then please send that to me on my id i.e.

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