By: Economical Houses Pune

Economical Houses Pune — Mon, 15 Sep 2008 11:01:36 +0000

Yeah i agree,
with real estate prices so high and the interest rates soaring, this situation was bound to be faced.
Buying luxury homes is not within the reach of the average middle class person, atleast not in this situation, so affordable homes and small bachelor homes are the ” IN ” thing these days.
I think more and more townships with economical and smaller houses should be made to cater to this new trend.

By: riathareja

riathareja — Mon, 15 Sep 2008 08:53:33 +0000

Provident Housing and Infrastructure, the wholly owned subsidiary of Bangalore-based real estate company, Purvankara Projects, is planning to raise Rs 750 crore through private equity funds. The funds would be used to acquire land for its affordable housing projects. “Total project cost is Rs 8, 000 crore. Of this, Rs 750 crore will be raised through private equity funding at the project level. While one is an Asia-based fund, the remaining three are from the US,” a source close to the development said. The remaining Rs 7, 250 crore would be raised through a mix of internal accruals, debt and customer advances. He added that the company could also dilute between 30 and 40 percent stake in each of the affordable housing projects.For more view- realtydigest.blogspot.com

Comments on: Affordable Housing Is The New Choice

By: Economical Houses Pune

By: riathareja