Usha Breco Realty, part of the Usha Martin Group, has decided to foray into the affordable housing segment by launching four projects at a cost of Rs 400 crore.

The company is planning four projects in Pune (Maharashtra), Bangalore, Chandigarh (Punjab) and near Mumbai at a cost of Rs 100 crore each. All four projects are likely to be spread over four lakh sq ft and will have 650-1,000 dwelling units each.

The projects are to be developed on a revenue-sharing model with partners that the company has already identified.

The first project is expected to come up near Mumbai and work will be started in a couple of weeks.

Besides, the company is developing a multi-tenanted IT building in Kolkata with an estimated budget of Rs 75 crore. It is also working on developing an Rs 175 crore-integrated residential-cum-commercial project at Ranchi in Jharkhand.