Tata Building $7,800 Apartments in Mumbai 242
theodp writes "What do you do for an encore after you've shown the world it's possible to build a $2,000 car? Ratan Tata, head of India's giant Tata conglomerate, now plans to build, 30 miles outside of Mumbai, 1,200 tiny apartments that will sell for $7,800 to $13,400 each. Sure, they're small (floor plans), but keep in mind that you can pay a quarter of a million bucks for a 250-sq.-ft. studio in the East Village. Time reports that Tata has had to beef up security to handle the rush of buyers who want to plunk down their $200 deposits (yes, that's two hundred dollars!). Who would've thought you could make IKEA homes look pricey?" The Businessweek.com article says that the apartments are aimed at someone making $6,000 to $10,000 per year (Time says $5,000). In Mumbai, a call center operator with 10 to 20 years of experience barely qualifies at $6,400 annually. 70% of the country's 1.2 billion people live on 1/20 as much.
Re:very cheap + little material =unsafe (Score:5, Funny)
Don't worry, though; you should be OK in one. It's India, so you're much more likely to hit a pedestrian than another car.
Don't subvert the architect's vision (Score:5, Funny)
We don't want another Cortlandt Homes incident.
Re:very cheap + little material =unsafe (Score:1, Funny)
Darnit, I got excited (Score:3, Funny)
Re:You can get a house for that (Score:5, Funny)
if the houses there all look like the one in the picture then i'd rather take a tata flat.
But that's not ALL! (Score:5, Funny)
Re:A Tata car hits a Tata building. Which one wins (Score:1, Funny)
Re:not compared to the replacement (Score:4, Funny)
Then again, I'm here too.
Tiny? (Score:4, Funny)