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Top 10 Developers known for affordable housing projects

Given an estimated shortage of over 40 million housing units in India, affordable housing has acquired crucial importance. Prominent players in this segment are:

  1. Tata Housing, which has carved out a separate company Smart Value Homes Limited (SVHL) to do low cost housing Shubh Griha and affordable housing projects under ‘New Haven’ brand.
  2. Jerry Rao-promoted Value and Budget Housing Corporation (VBHC) has many affordable housing projects in MMR, NCR, Bangalore and Chennai.
  3. Mahindra Lifespace, the real estate and infrastructure arm of auto-to-IT conglomerate the Mahindra Group
  4. Bangalore-based Puravankara Projects has its affordable housing arm Provident Housing
  5. Housing Development and Infrastructure Limited (HDIL), with significant operations in the Mumbai Metropolitan Region, focuses on construction and development of residential commercial and retail projects, slum rehabilitation and development
  6. Sriram Properties is known for quality and affordable housing and commercial properties in Bangalore, Chennai, Vizag and Kolkata
  7. Avalon Group, another developer in affordable segment has presence in Delhi, Gurgaon and Jalandhar
  8. TVS Housing is a real estate arm of TVS Motor Company
  9.  Annai Builders: A Chennai-based company that maximizes value to the client using excellent space planning.
  10. Matheran Realty: A Mumbai-based developer with focus on affordable housing.

 

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