![]() ![]() The new crop is also trying to give them a distinct theme, making them ‘smart’ and technology-enabled, along with concepts like student and senior housing that are being introduced. ![]() Unlike before, most townships today focus on affordable housing. They launch only a portion to ensure that they have more control on the construction activity." With Rera, developers have to announce the completion date at launch, so they don’t want to risk launching big townships in one go. “Images of the fully built township were shown to market to customers. “Earlier, project scale was important," said Ashutosh Limaye, head (research) at property advisory JLL India. ![]() The builder needs to provide the overall infrastructure but not all townships eventually make money," said one of them. “The initial cost of kick-starting a township project is huge. In the boom years of 2005-06, many developers ventured into building large, 100-acre townships, but not everyone wants to build them now.Īt least three developers-one from Pune and two from the National Capital Region (NCR), said they have been in talks to sell their proposed township projects in parts as land or as a whole, but haven’t been able to find buyers. Townships have had a chequered history in India. ![]()
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