The industry is constantly looking at the construction of affordable housing as the concept came into being in India. Some time ago, it was hard for the common man to buy a house for himself. Today, it cannot be said that it is easy, but there is certainly hope for many.
According to a study*, in the last decade, the urban population of India grew at a CAGR of 2.8%, resulting in he increase in level of urbanization from 27.81% to 31.16%. This growing concentration of people in urban areas has led to problems of land shortage, housing shortfall and congested transit and has also severely stressed the existing basic amenities such as water, power and open spaces of the towns and cities.
With emergence of strong middle class segment, the real estate market has been witnessing the need of affordable housing. Consumers are now pleased that the developers are beginning to understand the true need of the market and one can dream to buy their dream home.
People who are migrants from another city and cannot afford to buy high end houses immediately but are capable either renting houses or go for an affordable house. Such people were forgotten by the private developers initially before the concept “affordable housing” came into the picture.
Keeping this in mind, Mantri Developers has come up with Mantri Aura, located on Hennur main road.