Out of India: First the $2,000 Nano Car, Now the $7,800 Nano Home - TIME

Out of India: First the $2,000 Nano Car, Now the $7,800 Nano Home - TIME: "Tata Housing Development, the real estate arm of the giant Tata group, is poised to start building apartment-style homes priced from $7,800 to $13,400 in a township being planned at Bhoisar, an industrial suburb located 31 miles (50 km) north of Mumbai. Like the Nano, which was designed to bring some middle-class comforts to the masses, the homes are geared for the hundreds of millions of Indians making less than $5,000 a year who are unable to afford decent dwellings. 'We have realized that there is an opportunity at the bottom of the pyramid,' says Brotin Banerjee, CEO of Tata Housing Development. (Read 'India's Top Automaker, Tata Motors, Hits a Rough Patch.')"