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
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May be builders (and their architects) can work to come up with some eco-friendly township of independent villas, using such techniques.
Unitech "North Town" Brahma & Ananda to start at 20 and 19 Lakhs resp
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