Undeterred by the body blow it received due to the slowdown, Unitech on Friday announced plans to construct 20,000 affordable houses at a cost of Rs 1,700 crore to become India's top realty company within a year.

'We made a mistake of only focusing on top two three per cent of India's population. Now we want to reach the masses... enter into budget and affordable houses... we will be the biggest player in the housing segment,' Unitech Managing Director Sanjay Chandra said.

'We plan to construct 20,000 affordable housing units over the next two years... these will be low-cost homes with prices ranging between Rs 10-15 lakh,' he said claiming that they would become the largest realty player within a year.

Times of India