Realty firm, Omaxe has announced its plans to launch 10,000 low-cost homes in Indore next month, which would be developed at about Rs 1,000 crore (Rs 10 billion). It will launch these budget-flats in the range of Rs 4-10 lakh. “We will launch 10,000 affordable houses in February 2009 at a 200-acre township in Indore,” Omaxe chairman and managing director, Mr. Rohtas Goel said. When asked about the project cost, he said it would be about Rs 1,000 crore and the size of the flats would be 350 square feet upwards.

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