India, Oct. 31 -- The 426 inclusive homes across the city which the Brihanmumbai Municipal Corporation (BMC) has put on sale are way outside the reach of targeted buyers from the Economically Weaker Section (EWS) and Low Income Group (LIG). Bank loans would cover only 50% of the cost of the lowest priced units under the EWS category, while savings worth at least Rs.5.5 crore would be required for the most expensive homes in the category priced at nearly Rs.6 crore.

As per official definition, families with taxable annual income up to Rs.6 lakh and Rs.9 lakh come under the EWS and LIG category, respectively. Among the 426 inclusive homes, 358 are meant for EWS buyers, while 68 are meant for LIG buyers. The carpet area of flats under the E...