Amit Oberoi talk about the survey

Amit Oberoi talk about the survey

Every year 57 oval maidans get added to Mumbais real estate, of this not more than two such maidans are meant for the common man. According to a survey by Colliers International a real estate consultancy firm only eight per cent of the construction going in Mumbai is falls under the budget of Rs 30 lakh.

The survey further reads that in Delhi of all the construction only 2 per cent is available under the price of Rs 30 lakh, whereas it is 2 per cent in Bangaluru and 45 per cent in Pune. However, builders do agree that the percentage of affordable houses in the city is on a constant decreasing mode, but builders need to gear up if they have to sustain in the market. Five years from now, 50 per cent builders will have to construct the houses that fall in the affordable section. If one constructs 100 houses meant for the affordable segment he will earn better than that of the 10 houses constructed in Malabar Hill, said Niranjan Hiranandani of Hiranandani constructions.

Story & Video By - Varun Singh, MiD-DAY
From:
midday
Views:
1

0
ratings
Time:
04:40
More in
News & Politics