Every one needs a home and looks for a cheaper one every time.
Every one is comming up with super ideas such as cheap cars, cheap mobiles and many more things. Now here you can have a flat which is available cheaply for 3 - 5 Lakhs.
If you go to see these were the rates of flats some 8 - 9 years back. During this time flat being made available cheaply is good sign as it would create high demand.
According to ET there is a shortage of 26 million homes in urban India alone, with 90% of the demand coming from the lower-income group and the economically weaker sections.
I think the builders are on the right trak.
For Rs 3 lakh, you can get a 250-sqft home at an EMI of Rs 3,000, and a 400-sqft home for about Rs 5 lakh. Over 3,000 homes, each under Rs 5 lakh, are in various stages of planning and development in a 20-km radius of Bangalore. (Via)