Hi members,

Jerry Rao has launched affordable housing project in Bangalore.

Location is said to be just 11 km away from Electronics city as per TOI.

http://timesofindia.indiatimes.com/business/india-business/Jerry-Rao-launches-low-cost-housing-plan/articleshow/6358403.cms

http://business.in.com/article/work-in-progress/jerry-raos-fourth-act/222/3


Look at the prices

studio apartment - ~350 sq ft
1 bhk - 450-470 sq ft
2 bhk - 620-640 sq ft

All priced between 4.5 to 10 lacs max.

He says low prices are very much possible because he aims to make only 25 per cent profit.

Why is this not possible in Pune? Only because of builder lobby's greed?

Murtaza
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