Corporate Responsibility Meets Social Responsibility

Real Estate prices have sky rocketed so much that the dream of owning a home by millions of low and middle income people in India has been just a dream. But if the new project being planned by some of the big names in Indian corporate, non profit and construction companies pans out, then affordable housing for these millions of people would be around the corner.

On the anvil are houses for between Rs 3 lakh and Rs 5 lakh for a constituency as diverse as domestic help, taxi drivers, plumbers, senior citizens, graduates, newly wed couples - basically, those who earn between Rs 6,500 and Rs 13,000 a month.

Janaagraha founder Ramesh Ramanathan, MphasiS founder Jaithirth Rao and CSC Constructions are some whose plans have gone beyond the drawing board. Till now, the onus was on the government to cater to the needs of the under-privileged.