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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...
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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 ...
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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...
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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...
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