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Tata Building $7,800 Apartments in Mumbai
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.
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.
== Jez ==
Do you miss Firefox? Try Pale Moon.
We don't want another Cortlandt Homes incident.
Reviewing just the first hour of video games.
Oh come on, as a slashdotter it(s my only chance of getting fucked!
For a second I read that as Dubai and was trying to fish out my credit card. Mumbai I could care less about.
if the houses there all look like the one in the picture then i'd rather take a tata flat.
"It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
We'll throw in the crackhouse on the left ABSOLUTELY FREE!
Fuck systemd. Fuck Redhat. Fuck Soylent, too. Wait, scratch the last one.
The car passes cleanly through the building with no damage to either!
What are you doing on Slashdot? I know that we love car analogies, but Nanobusas and Fisker Karma double-entendres require a degree of car-guy knowledge not usually found in computer geeks.
Then again, I'm here too.
Tiny? They're bigger than my place, you insensitive clod! Ah...the joys of grad school...
Res publica non dominetur