Tata Group to sell ‘Nano’ home for Rs 32000
Tata group has now set its sights on building the world’s cheapest house. The Indian company that launched the world’s cheapest car has unveiled its latest product for the fast-growing nation-a flat-pack house that costs just $700 and can be built in a week.
What’s more, nicknamed the `Euro 500 home‘, a 20 square metre house works out to less than Rs 32,000 and can be built from scratch in just a week flat.
The Tata group , maker of the $2,500 Nano car, said that the 20-square-metre (215-square-foot) home comes from a pre-fabricated kit that includes doors, windows and a roof.
Currently being pilot-tested in West Bengal, the world’s cheapest home is the brainchild of a team of nearly 15 innovators from Tata Steel’s Indian and European operations and will be cheaper than the Tata group’s own `Nano homes‘ project promising homes for $7,800 to urban poor that was rolled out a couple of years ago.
“These houses are typically targeted at beneficiaries of the Indira Awaas Yojana, that has an outlay of around Rs 40,000 per house. The challenge is to make it cheaper and more acceptable to rural users because many pre-fab manufacturers have built demo homes across the country but have failed to gain popularity,” said Sumitesh Das, who heads Tata Steel’s global research programme, on Friday.
“We have already prepared 2-3 different designs based on discussions with users and are gathering more feedback. Hopefully, in the next 6-8 months we should be able to roll it out in the market nationally,” explained Das, who was in town to participate in a conference on intellectual property organised by the Confederation of Indian Industry.
Apart from the basic version, the company is also working on higher end versions like a 30 square metre home for Euro 700 or higher for homes boasting of facilities like a solar panel on the roof or a veranda.
Times of India
Cheap house, Indira Awaas Yojana, Nano home, Nano home in India, Real estate in India, Tata Group, Tata Group Real estate, Tata home
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Dear sir
Iam very happy with the concept your nano house for rs 32000/- and i like to construct a house within 40 ft * 40 ft plot area in Rajahmundry town,Andhra pradesh.
Hence it is requested to send all details of financial and technical.