i Develop Stocks Advisory

Mega township for low-income group coming up near Mumbai Real estate firm Matheran Realty on Friday announced it will build an integrated township at Karjat, about 100 km from here, for people with low income. The flats will be of sizes of 300 to 500 sq ft and priced at Rs 999 per sq ft. The company will erect 10,000 houses about using technology sourced from a leading Australian company. The township will have facilities such as schools, hospital, theatres and retail stores. Speaking to reporters here, Matheran Realty Pvt Ltd President T S Hariharan said "real estate in Mumbai is primarily targeted at the affluent people while there is a huge market for value housing for the low-income group.