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Affordable urban homes set to take off in India

Demand to hit 535,400 units in 7 cities amid govt's 'Housing for All by 2022' programme

Published Tue, Sep 15, 2015 · 09:50 PM
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Mumbai

IT'S an unusual promise from a builder: Dwellings for as low as 630,000 rupees (S$13,372) in Mumbai's far outskirts. That's not all. Also thrown in are a helicopter joy ride and a job for one female member of the buyer's family.

Karrm Infrastructure, an Indian builder of budget homes, has been promoting these offers in newspapers and on local radio for its project in Shahapur, located about 90 kilometres north-west of Mumbai. The commercials seek 90 monthly payments of 7,000 rupees each with no hidden costs and say the project conforms to "Vastu", a version of Feng Shui.

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