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Budget housing by FIRE

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After the tremendous flow of property sales and rates across the nation many has started the law of making affordable housing units to make a comfortable way for both increasing the sale rates and to keep the flow of cash intact. According to the sources of www.propertykhazna.com now the First Indian Real Estate capital Fund Ltd. is making their minds to go in for the budget housing as their new mode of action. The company worth around 250 million dollar and has executed many projects successfully across the nation.
The company is looking for a new brand to initiate their projects and they expect a fast response from the development team. But till now the FIRE team has not revealed the particular name of the developer for the next project but as per the sources www.propertykhazana.com the name might prevail from one of the eastern states of the country. In West Bengal a much budgeted houses are observed where price ranges from Rs 8 lakhs to that of Rs 15 lakhs for a segment of economy house. The FIRE team is planning to develop this construction at the tier II and tier III location of the country and they have no current intention to develop any of such projects in the eastern regions of the country.
Source at www.propertykhazana.com also reveals that the total budget for this project is estimated around 500 million dollars and it has initiated the talks to collect this amount with various national and international financial outfits.
Source: NBTVLIVE

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