Affordable housing solution is appropriate for the needs of a range of very low to moderate income households and priced so that these households are able to buy them with their disposable income, i.e. the income left over after meeting other basic living costs such as food, clothing, transport, education and medical expenses. Many builders have selling the properties at a range which looks affordable for lower income group, but they are mindlessly developed in areas where no employment options are available. If lower income group actually decide to choose these options, they will have to spend significantly on transportation cost and travel time.
CMRS Group is launching an affordable housing solution, called CMRS Value Homes, in the price range of 7-12 lacs for about 6000 families in its first phase. With a downpayment of about 50k-1.5 lacs, and with the special arrangements from Govt., the houses will be available at an EMI of about 5k-9k. The houses are being built within the employment zones, with design innovations to lower the costs, and these will come with Schools and Health care centres to serve the community to live with dignity. Also, there will be a local market developed by the Group to fulfil the daily needs.
Advantages of CMRS Value Homes:
- It is open to a broader range of population than social housing.
- It will provide a modern, affordable and high quality home for lower income group to live a dignified life.
- Apart from fulfilling the basic needs of housing, it will inspire the community to focus on education and heath to create a better world.
- It will have a local market within the eco system for daily purchase, as this group generally earns and spends on a daily basis.
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