India's Tata working on a $700 house for the poor
The industrial giant, known for not shying away from developing world markets, is working on a house that will cost less than the average American mortgage payment.
Tue, Aug 16 2011 at 11:08 PM
Like this, but a house. And probably less pink. | Photo credit: Balaji.B/Flickr
Tata, the large Indian conglomerate company best known in the U.S. for their ownership of Jaguar and Land Rover and as the manufacturer of the $3,000 Tata Nano car, is working on a $700 house that can be built in a week
that it will market to the rural poor. Sumitesh Das, head of global research at Tata Steel, told the Press Trust of India news agency that it will be 215 square feet with a flat roof.
The rural poor don't have a lot of money but there are a lot of them. I love hearing about companies that do well financially as they are bringing some needed service to economically depressed people. When people are given access to things like cell phones and homes they can start businesses and begin the process of building a better life. I hope Tata does well with this one.
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