A market solution to affordable housing

Shambhu ST sounds like a man who has discovered Utopia—for well under Rs.15 lakh. The 35-year-old’s compact, two-bedroom apartment on the outskirts of Bangalore is newly constructed, well-lit, ventilated and secure. It is part of a gated residential community called Vaibhava, which includes a park, a children’s playground and a school for his toddler son; his wife, a homemaker, only needs to leave the housing complex once a week for grocery shopping and they have plenty of friends in the community.

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