A People’s Home ?

If India’s TATA group can deliver a People’s Car for Rs 100,000 ( Euro 1700 ), then why not a People’s Home for Rs. 32,000 ( Euro 500 ) ?

That is the question that Sumitesh Das – Chief of Tata Steel’s global research program – must have asked his colleagues.

As per DNA Money ( 16 July, 2011 ), the answer was, “ Yes of course ! Why not ? “

So, they came up with following specifications for People’s Home :

Ø   Flat roof with an area of 20 square meter for Rs.32,000

Ø   Upgraded 30 Sq Meter model to cost Rs 44,000 ( Euro 700 )

Ø   Pre-fabricated kit containing all parts

Ø   Kit to have significant amount of “ non-steel “ components

Ø   Kits to be manufactured ( under license ), all over India, in order to generate local employment

Ø   People’s Home must last about 20 years

Ø   Buyer should be able to assemble himself within 7 days

For India, with a current shortfall of 25.7 million dwellings, this is nothing short of a technological breakthrough !

Deliveries are expected to start within next few months.

Congratulations, Sumitesh !

With regards

Hemen  Parekh