Supertech to invest Rs 4,000 crore to build affordable homes

Supertech has engaged consultants to raise about Rs 1,000 crore through external commercial borrowing (ECB) to fund the development of 40,000 affordable homes planned over the next four years, its Chairman R K Arora said in a media statement The size of affordable housing has been increased as now instead of built up area of 30 and 60 sq meter, the carpet area of 30 and 60 sq meter will be counted. The affordable housing projects would meet the criteria laid in the Prime Minister's Awas Yojna (PMAY) so that prospective buyers could get the loan subsidy up to 4 per cent, he added.

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