Unitech plans to offer apartments for Rs.5-10 lakhs

Following Neel Kamal project by Real Value [placetolive.in] - which offers apartments for as low as Rs.13.2 lakhs and Provident Housing's CosmoCity [placetolive.in] offering apartments for Rs.16.90 lakhs and above, it is now the turn of Unitech to plunge into low-cost housing. For its proposed projects in Chennai (and in other places like Gurgaon, Kolkata), to be launched within a couple of months, Unitech plans to offer apartments in the range of Rs.5-10 lakhs. (via Business Standard [business-standard.com])

With inflation getting to a 14-year low of 0.44% and with possibility of interest rates going down further, this probably might be the right time to buy a home.

The next step in this quest to offer low cost housing will probably be to take the Laurie Baker [en.wikipedia.org] route.

Wikipedia :

Laurence Wilfred "Laurie" Baker (March 2, 1917 - April 1, 2007) was an award-winning British-born Indian architect, renowned for his initiatives in cost-effective energy-efficient architecture and for his unique space utilisation and simple but beautful aesthetic sensibility.

Also read : Laurie Baker: Guru of low-cost housing 

A few photos from Official Website of Architect Laurie Baker ..

I had first read about Laurie Baker during my school days (pre 1996) in what was yet another essay in the Manaroma Year Book 199x. Was impressed with how he was able to build wonderful structures, including those with multiple floors, with just local materials and in effect coming up with utlra-affordable homes.

May be builders (and their architects) can work to come up with some eco-friendly township of independent villas, using such techniques.