Tata, maker of the world’s cheapest car, is turning its attention to low-cost housing. The company plans to build 1,000 apartments outside Mumbai. The units range in size from 218 square feet to 373 square feet and will sell for $7,800 to $13,400. (HT: Richard Florida)[%comments]
Housing, Nano Style
TAGS: Housing
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Bigger than some doubles at my college.
I am amazed that most people haven’t yet come around to living in high-tech tents. The Denver airport has no such qualms. Every rationale for not doing so seems based on old conventional thinking. “218 square feet to 373 square feet …$7,800 to $13,400″…give me a break. I could build you a tent bigger than that including a garage with a Tata in it.
Maybe some Mid-Eastern country should start a new industry.
And how much would such things cost here? Whenever I look at housing prices, even now, I am amazed at how much people *think* houses are worth.
I’m surprised that the comments have focused on the size of the apartments. To me the interesting and revolting thing is that the suburban sprawl is sponsored by a car company. So it looks like American-style sprawl will be introduced to rapidly developing countries and then we’ll blame them for polluting more. I hope they’re working on other transit alternatives to this development, but most likely Tata will have successfully created more demand for their cars.
How can I buy one? Seems like real estate in Indian towns will be a good investment going forward, what with the economic growth they are experiencing.
The sizes are then comparable to many apartments in Hong Kong, although a dozen times more expensive, or even more.
Wait! Why does the seller’s website list specifications in “square feet?” Everyone’s told me that the rest of the world uses metric.
@4 Tata is not just a car company. It is one of India’s oldest firms and is into everything from salt to steel to mobile phones to cars. More information can be found here: http://www.tata.in/aboutus/sub_index.aspx?sectid=8hOk5Qq3EfQ=