A note presented by the Chhattisgarh Housing Board at the conference pointed out: “Whilst price of premium residential projects are largely guided by land costs, construction costs have a significant share in price of affordable housing. This is due to the fact that whilst land prices fall exponentially from city centre to peripheral locations of the city, construction costs generally follow a gradual trend from premium luxury, mid income to low income housing”. It further pointed out: “If the land is acquired at a reasonable cost of Rs150 to 250 per square feet, an affordable housing project with basic amenities ( construction cost of Rs800 to 1000 per square feet) would result in a minimum selling price of Rs1,400 to Rs1,700 per square feet. Thus construction cost form nearly 50 to 60 per cent of the total selling price of affordable housing”.