Low Budget Flats are the new found love of builders. Even reputed builders have created sub-brand or subsidiary to market Low Budget Flats. It is a matter of survival for real estate sector. The sector is going through a very bad phase and struggling to survive. Low budget flats should not be mistaken with Affordable Housing. Typically Affordable Housing and Low Budget Flats are used interchangeably. It is not true. Affordable housing is an entirely different concept. These houses are reasonably priced to bring affordability factor for low-income group. It is more of government initiative and ... Read More
How to select an Affordable Housing Project?
In my previous post on Affordable Housing - A Myth or Reality, I discussed the nitty gritty of Affordable Housing which is a new buzz word in the reality market. Today while going through property section of a newspaper, I observed that although a majority of the ongoing projects are positioned as Affordable Housing Projects, only a handful are indeed so in true sense. It does not cost anything for a builder to tag a project as Affordable Housing Project. Low cost housing is often referred to as Affordable Housing Project by small builders which we will discuss in detail in this post. As a ... Read More