The Investment Manager has defined Affordable or Mid-income Housing units as any housing units that do not exceed 200sqm RERA carpet area and are priced as following (as applicable):
Less than INR 2cr in Mumbai Metropolitan Region;
Less than INR 1.5cr in National Capital Region, Chennai, Kolkata, Pune, Hyderabad, Bangalore and Ahmedabad;
Less than INR 1cr in the rest of India;
“Carpet Area” shall have the meaning as assigned to it in clause (k) of section 2 of RERA as follows: Carpet Area means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.