Low-density housing, with homes set out spaciously amid sprawling green spaces, is growing increasingly popular and real estate developers such as the Jaypee Group, Fire Capital Fund and Vipul are wooing buyers with a number of such niche projects.
Low-density housing projects have an average of only 10-20 dwelling units acre and are priced a premium compared to group housing, which can average around 35-40 units on an acre.
Manish Kumar, head of strategic consulting for North India at global real estate consultancy Jones Lang LaSalle Meghraj (JLLM), says that the residential real estate market is seeing low-density housing gaining in popularity for two reasons—speed of delivery and lower risk for the developer.
More : economictimes.indiatimes.com
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