Indian railways will soon offer affordable houses. The Railways, initially, will begin the work at some selected railway stations. According to Zee Media sources, the IRSDC (Indian Railway Station Development Corporation), which is responsible for redevelopment of the railway station, will now construct affordable housing.
Sources further told that the IRSDC will purchase around 20 to 30 percent of the land where it will carry out the redevelopment work. As per the new initiative, each house ranging between 40 to 60 square meters will be constructed under affordable housing.
Most of the houses will be either studio apartments or 1-BHK units. The cost of these houses can range from Rs 40 to Rs 50 lakh. Read More