-
Tatas Going Global with Low-Cost Housing
Kochi, Nov. 5 The Tatas are giving a global perspective to their successful affordable housing model, which was launched in Mumbai. Mr Ratan Tata, Chairman of Tata Sons, said that Tata Housing has got enquiries for replicating the Mumbai housing model from other countries and is likely to start out from Maldives. Enquiries have come from various other States and the affordable housing model would soon be extended to Kolkata, Bangalore and Assam. He said there exists tremendo...
- Categories
- Uncategorized
- Tags
- housing
-
Misconceptions on Low Income Housing Markets and Strategic Implications for BoP Business Models
According to our publication ?The Next 4 Billion? yearly expenditures on housing in the BoP market is about $331.8 billion.The unmet need for housing is often equated with the need for new housing. However, these segments usually build their houses incrementally, a room at a time. This has significant implications for BoP business models.
- Categories
- Uncategorized
-
An Alternative Urban Vision for India – Affordable Housing
I recently attended the First Habitat Summit, a joint initiative by India Habitat Centre and Urban Habitats Forum. There were some of the discussions which I feel qualify as a good read for the BoP community. One of them was on the topic of Affordable Housing. This engaging session was chaired by Ashish Karamchandani from Monitor Group...
- Categories
- Uncategorized
- Tags
- housing
-
Low-cost housing in Mumbai: A market at the base of the pyramid?
Estimates suggest that India has a shortfall of more than 25 million low-cost or affordable houses. The result is sprawling slums that ring some of the country’s largest cities and a bewildering maze of tenement buildings in which three-generations-under-one-roof-families jostle for space and privacy in spaces of 150 square feet and above. As Supriya Menon said recently, they say it is easy to find everything in Mumbai except for a house ( BBC , 15 June). Just lik...
- Categories
- Uncategorized
-
The Nano Home: India’s Cheap Housing Boom
Indian property developers cater to the masses with low-cost housing LAST month ten-year-old Azharuddin Ismail was woken in the middle of the night by the sound of bulldozers. As policemen beat him with a bamboo stick to shoo him and his family away, his home in Mumbai’s slums was swiftly demolished. Azhar, a celebrity since appearing in the film "Slumdog Millionaire", has since been given a new home by the filmmakers. But other residents were not so fortunate. India’s c...
- Tags
- housing
-
After a Small Car, it?s a Small Home from Tata Housing
Bangalore: Soon after Tata Motors Ltd launched the Nano, touted as the world’s cheapest car, another group company announced on Wednesday that it will build homes that cost between Rs3.9 lakh and Rs6.7 lakh. Privately held Tata Housing Development Co. Ltd, a subsidiary of Tata Sons Ltd, has launched the first of these projects, branded Shubh Griha, in Boisar, a distant suburb in Mumbai, the company said. The firm will invest up to Rs100 crore in a 1,200-unit township in the ...
- Categories
- Uncategorized
- Tags
- housing
-
Mother of Kenyan Microcredit Expands into Health Insurance, Housing for Poor
She feels all the work she’s done in her life has been preparation for what she is doing now: giving hope to the thousands of poor people living in slums around the Kenyan capital, Nairobi. But Ingrid Munro says it’s the most important job she’s ever held in her life, though it isn’t exactly an easy job, as it entails convincing the desperately poor that there is a way out of the poverty trap. They don’t believe in tomorrow; to them everything is now, s...
- Tags
- housing
-
Reflections on “India’s Rural Poor- Why Housing Isn’t Enough to Create Sustainable Communities”
Knowledge @ Wharton published an article on the living conditions of India?s rural poor, and on the shortcomings of central and state-funded government housing programs. The author, Abraham George, maintains that the primary reason for failure is an exclusive focus on providing low-cost...
- Categories
- Uncategorized
- Tags
- housing
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.