From Tata Nano to world’s cheapest home

Recently we saw the launch of the Tata Nano, the world’s cheapest car. The company is now working on its next project for those with little cash. The new project, which has been dubbed Nano homes by the Indian media, will offer the world’s cheapest homes in India.

The Tata housing project will offer one-room, 283 sq ft flats, which is half the size of a squash court. The price of the flat will be 390,000 rupees (£5,200), which The Telegraph explains will be on the outskirts of Mumbai, normally property prices there compete with other cities such as London and New York.

Tata will offer a more expensive option, for 670,000 rupees (£9,000) is 465 sq ft flat, that gives you a separate living room and separate bedroom.

These small homes are aimed at Indian families who just cannot afford to get on to the property ladder. It is expected that millions of slum-dwellers are expected to jump at the chance of owning their own property, and Tata is just the company to offer them the chance.