new delhi apr 15 ilfs group today said it has forayed into residential real estate segment with its affordable smart homes project in gift city gandhinagar through the companys subsidiary ilfs townships urban assets in a statement ilfs said it will offer affordable smart homes to meet the aspirations of the low and midincome segment population of the country with a target of developing 10000 homes in the next 5 years the group will be scouting for joint venture and public private partnership ppp opportunities in the identified micromarkets having potential of mass housing developments ilfs has already secured requisite approvals for launching smart homes project in gift city in ahmedabad and is in advance stage of finalisation of land parcels in chennai hyderabad alwar and bengaluru the statement said formalisation of housing presents a huge opportunity for private players in india we have put together a plan for affordable residences that address the need for housing by keeping in mind the limited ability of people to pay individual aspirations for a better lifestyle and potential avenues for livelihood within the ecosystem hari sankaran vice chairman ilfs group said the company said it will also be leveraging its capabilities in multi domain infrastructure to provide low cost affordable housing with improved services rsn rsn bal bal