Tata wants to sell its new $7,800 Nano homes to India's slum dwellers

It looks like Tata — the company behind the $2,000 Nano car and India’s no-frills Ginger budget hotel chain — wants to market the 1,244 low-cost homes it will build outside Mumbai to the working poor. These security guards, drivers, factory workers, and clerks now populate the city’s slums and other low-rent housing. Tata’s new tiny studio and one-bedroom apartments will range from about $7,800 to $13,400 and will be between 218 square feet and 373 square feet.

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