Low Cost Homes in Mumbai

House Created on Coins with less money

Isn’t the title of the post very alluring. Given the fact that the apartment costs in mumbai are touching the sky, owning an apartment has become a distant dream in the city and more so for the average earning guy. It is not that the prices have suddenly come down steeply. Its only that there are some wonderful projects that have come for the low income group. If we take into consideration a low income household in mumbai with a monthly earning of 10-20k, their annual income would be 1.2 lacs – 2.4 lacs. There isn’t any housing available around that figure, as 10-15 lacs is more like the rock bottom price for anything available even some distance away from the city ; and nothing is available below that.
But having said that, some ultra low cost housing projects have surfaced recently at a little distance from the city where even the low income household can afford a home. We will list down the top 3 projects with prices around 5 lacs.

1. Karrm Panchtatva


Karrm Panchtatva in Mumbai
Courtesy: karrminfra.com



    Details:

    Builder – Karrm Infrastructure Pvt Ltd
    Location –  Shahpur, Thane
    Apartment Type – 1 RK (230 sq ft)
    Cost – 4.23 Lakh
    Website  – www.karrminfra.com
    Contact –  022 3456 3456

2. TMC – Tanaji Malusare City
 

Tanaji Malusare City in Karjat, Mumbai
Courtesy: ravikarandeekarsblog.blogspot.in

    Builder – Brick Eagle Group
    Location –  Karjat
    Apartment Type – 1 RK
    Cost – 3 lakh
    Website  – www.brickeagle.com
    Contact –  022 4103 0600

3. Neptune Swarajya

Neptune Swarajya Abmivli Mumbai
Courtesy: businesstoday.in

    Builder – Neptune Group
    Location –  Ambivli
    Apartment Type – 1 BHK
    Cost – Under 5 Lakh
    Website  – www.neptunegroup.in
    Contact –  022-2596-6200

Note: Users are suggested to verify the details with the developers and then proceed. This blog post does not confirm/deny the validity of the projects. This is just an informative article.

List of low-income housing projects in the country

Low-Income group housing projects
Shapoorji Pallonji
Project: Shukhobrishti
Location: Action Area III, New Town Rajarhat, Kolkata
Ticket size: 1BHK (320 sq. ft) and 2 BHK (480 sq. ft)
Offer price: Rs 3.85-6.35 lakh
Santosh Associates
Project: Om Shanti Nagar-2
Location: Batwa,Ahmedabad (off NH 8)
Ticket size: 1BHK (350 sq. ft) and 2 BHK (450 sq. ft)
Offer price: Rs 3.5-6.5 lakh
Sterling Developers
Project: Janadhar
Location: Atibele, near Electronic City, Bangalore
Ticket size: 1 BHK and 2 BHK (area not decided yet)
Offer price: Starting from Rs 4 lakh
Tata Housing
Project: 
Shubh Griha

Location: Boisar, Maharashtra
Ticket size: 1 room kitchen small (283 sq. ft), 1 room kitchen large (360 sq. ft) and 1 BHK (465 sq. ft)
Offer price: Rs 3.9-6.7 lakh
Matheran Realty Co.
Project: Tanaji Malusare City (TMC)
Location: Karjat, Maharashtra
Ticket size: 1 room kitchen (225 sq. ft), 1 BHK (300 sq. ft) and 2 BHK (375 sq. ft)
Offer price: Rs 3-7 lakh
All home sizes denote carpet area

Courtesy: businesstoday.in

Intro Image Credit:  Pixabay.com