Supertech to invest Rs 4,000 cr to build affordable homes
We are changing building plans of our existing projects in Greater Noida, Yamuna Expressway, Gurgaon, Meerut and Dehradun to launch low-cost homes," Arora told
Realty firm Supertech plans to invest about Rs 4,000 crore to develop low-cost homes as it expects demand for affordable housing to rise after getting infrastructure status in the budget.
Supertech has engaged consultants to raise about Rs 1,000 crore through external commercial borrowing (ECB) to fund the development of 40,000 affordable homes planned over the next four years, its Chairman R K Arora said.
"The affordable housing has got a big boost in the budget this year. We are changing building plans of our existing projects in Greater Noida, Yamuna Expressway, Gurgaon, Meerut and Dehradun to launch low-cost homes," Arora told
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