Hubtown through its subsidiaries, associates, partnerships and joint ventures is planning to launch affordable housing projects in Mumbai in the next six months. The launches in the affordable space is expected to increase by end of this year as the segment provides a good business proposition on a long-term basis because of the growing demand.
Based on design developed by the company for compact affordable two-bedroom Apartments, it was successful in selling FSI for developing compact affordable housing Apartments. The rise in the launch of affordable housing can be attributed to a steady demand for this segment of housing in Mumbai. The uptake in the market may have a positive cascading impact on the overall economy.
Hubtown engages in the development, sale, and lease of commercial, residential, retail, and industrial properties. The company's project portfolio primarily comprises residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks.
