HDIL launches 'Budget Homes' brand

Mumbai: Realty player Housing Development Infrastructure (HDIL) is planning to launch 'Budget Homes' brand under which it will develop affordable housing projects in the megapolis.

Under this brand, HDIL will provide affordable homes within Rs 50 lakh inclusive of stamp duty and registration in Mumbai suburbs and within Rs 20 lakh, including stamp duty and registration charges, in Vasai Virar region in the city's outskirts.

"This brand is in continuation with our mission to provide affordable houses with the state-of-the-art amenities and comfort to our buyers. The infrastructure status to affordable housing segment would ensure easy access to institutional credit and help in reducing developers' cost of borrowing," HDIL Vice-Chairman and Managing Director Sarang Wadhawan said in a statement here.