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About 15% of total houses in Gujarat are empty. Leading the pack of cities, properties in Ahmedabad and Surat has maximum number of vacant houses. A large number of these units belong to investors Usually, about 7% houses remain vacant in Indian cities. In Ahmedabad, a large number of empty houses are in chawls of eastern Ahmedabad, once home to most textile mills. Out of total 22 lakh houses are vacant. Of these, about 2.31 lakh vacant houses fall within limits of Ahmedabad Municipal

land, including 700 acres in Mumbai alone. The lands which are there in Mumbai are of high value . The group is in the process of monetizing this land. They have planned to develop a part of it, and will also sell some of it. The projects may be projects will have a mix of residential, high-street retail and a hotel. The residential project in Dadar is aiming the high class society of Mumbai,

The Union Ministry of Housing and Urban Poverty Alleviation is in the process of finalizing the brand new affordable housing policy for residents of India. According to sources it may take another two months to complete the process of formatting the in the annual Budget. But as the builders in India are not interested to avail the scheme because of compensate developers for high cost of land and also ease density norms. The government will also build an

and efficiency of buildings. Costs have come down in these three cities because of depreciation in of rental properties in Pune , Chennai, and Hyderabad have seen only marginal increases. According

considering. Just as in the case of equity, property too is a medium to long-term asset class for