Nano Housing for India

As the real estate prices have zoomed past the affordability of majority of Indian Middleclass, builders are adopting innovative strategies like reducing the height of the roofings, building single room studio apartments etc. 

Tata Group is now taking the lead in this sector also. It is launching a Nano housing project that will include properties in sizes like small one room kitchen, large one room kitchen and 1BHK. With a balanced mix of buildings and open spaces, these projects will be constructed under the guidance of Indian Green Building Council (IGBC).  Moreover, the value homes will be priced between Rs 3.9 lakh and Rs 6.7 lakh

The first township of this nationwide project will be developed inBoisar, with plans to expand into other Tier I and II markets in the country. With a Balanced mix of buildings and open spaces, these projects will be constructed under the guidance of Indian Green Building Council (IGBC).  The project will be known as "Shubh Griha Township" and will be built in Boisar, Mumbai.

I feel that having a Nano house in the bachelor stages of life, which for most people now extends to a decade, is better than having to live in a rented house (and spending one-third of one's salary).  But on the flipside, it would bring down the living standards of people where having  a two bedroom flat might mean you're a middleclass millionaire.