The government has been keen to attract more foreign investment for its cities.
The government is planning to build 1,500 new flats in four metro areas.
The idea is to attract investment from wealthy investors who will be able to spend at least 5 per cent of their net worth on infrastructure, said a government official.
The government is trying to lure more investment for infrastructure projects, particularly in the country’s industrial hub, Bangalore.
But a government source said the government needs to know the quality of the homes in the neighbourhoods.
The housing stock in these four metro area has been “not good enough,” said the official.