Residents of the suburb of Vizag, in north-east India, have started renting out their homes for about $1,500 a month.
Residents of nearby Kancheepuram have taken the same step, and the number of apartments in their neighbourhood is on the rise.
The apartments, all in the town of Visakhapatsa, have been converted into a housing complex for poor people and have been designed to make the apartments affordable for those who can’t afford to buy.
A couple in a one-bedroom apartment in the building is among the first to be converted into apartments, and they hope to soon start leasing out as well.
They are staying with their families in their apartment as they are living in the same building with their parents, said the couple.
The couple, who live in a two-bedroom unit, said they would like to rent out their apartments for a month before deciding whether to stay or move out.
The new apartments in Vizags apartments is meant to make them affordable.
“We are happy that we can live in the city.
We are not sure if we will stay in the area, but we will do our best,” said Anurag, a resident of the apartment complex.
Anurak said the apartments in the complex are mostly for the elderly.
“If there are any problems, we can call the police,” he said.
A resident of one of the units in the complexes said he would like the residents of his neighbourhood to buy out their properties in the coming months.
“We want to get our apartments converted into flats, as there are no flats in the neighbourhood.
I hope that the residents will buy out our properties as we need it in the future,” he added.
The apartments in this complex were built to cater to the needs of the poor.
The residents of the complex say they have taken their responsibilities seriously.
“People have been asking us about our needs and concerns, and we have done our best to address them,” said the resident of a two bedroom unit.
“The apartment is not big, but it is comfortable,” he explained.