Affordable houses, but for whom?
Tuesday, May 21, 2013
Many builders, including Jaypee, Wave Infratech and Tata Housing, have experimented with affordable housing in recent times. Some have even managed to sell these homes like hot cakes in an otherwise down market. Is that the future of housing in the country? The proverbial pot of gold at the bottom of the pyramid?
Experts point out that whenever the economy hits a downturn, realtors think of affordable homes as a safe bet. However, it is not the buyers who should rejoice.
Source: Business Standard (link opens in a new window)
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