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Knight Frank intends in setting up cheap houses with 3 lakh crores by 2011

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A Statement quoted from the MD of Knight Frank says at www.propertykhazana.com that they intend in launching “Reasonable priced houses” in the country. The statement also states further that they have the capacity of executing the same by 300,000 crores across the country. The realty group wants to undertake the same by two million units by the end of 2011.
The benefit would be applicable for those section whose wages are nearly Rs. 10 lakh and the analysts are of the view that those whose earnings are nearly Rs. 6 lakh can afford for the same. The Vice Chairman of the company also adds at www.propertykhazana.com that as the realty industry is facing difficulties in this segment, they are of the opinion that they should go for reasonable housing. As such the builders should be made known of the increased demand and focus to be made on the same.
In a study conducted by the company spreading over seven cities, the occupants did not possess any occupying rights required under the rent control act and were optimistic of purchasing the house during the coming two years. For more and latest real estate updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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