Escalating real estate prices have made property an unaffordable commodity. Today, the average cost of a two Bedrooms apartment in Chennai (or any extra mega city for that matter) is Rs sixty lakh. The capital value of an apartment in Chennai's prime locality Boat Club Road is anywhere between 7,500 " 15,000 Rs/square feet Many real-estate developers have sensed this situation & are concentrating on mass housing. This would trigger the concept of affordable housing. As per industry forecasts, about two lakh residential units will be built for the middle income construction in seven big cities the cost of such units would be between Rs twenty five-ten lakh. The capital value of an apartment in Chennai's prime locality Boat Club Road is anywhere between 7,500 " 15,000 Rs/square feet Many real-estate developers have sensed this situation & are concentrating on mass housing. This would trigger the concept of affordable housing.
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