After its revolution on wheels, the Tatas are aiming at a Nano house, which will cost anywhere between Rs 3.9 lakh and Rs 6.7 lakh.
Tata Housing, a subsidiary of Tata Sons, has launched its low-cost housing initiative called the Shubh Griha project.
The first Shubh Griha township will be launched at Boisar in Mumbai. Tata Housing has tied up with SBI and HDFC to help potential buyers with finance options.
Announcing the launch of Shubh Grih’, Brotin Banerjee, Managing Director and Chief Executive Officer of TATA Housing said, “This is in continuation of the group’s commitment to providing, quality, innovative products for the common man. We observed that since most of the people in the Low Income bracket live away from their families to earn a livelihood in the big cities, there is a large percentage of migrant population with people living in either rented or company provided accommodation".
Applicants can purchase the Application form booklet at Rs. 200/- from SBI branches.
After purchase of the Application form booklet, bookings should be made in the next 20 days along with the initial booking amount of Rs. 10,000/- through bank pay order at selected branches of SBI bank across Mumbai.
The first list and the waiting list will be declared after 15 days of the final booking after a thorough scrutiny of the submitted Application form booklets. The allotted would be sent allotment letters from TATA Housing along with the payment schedule. Details of other requirements have been provided in the Application form booklet itself.
Types of houses:
Under the scheme three types of flats will be available. A one-bed room flat with a hall and kitchen in an area of 465 square feet. A one-room flat with a large kitchen in an area of 360 square feet. A one-room flat with a small kitchen in an area of 283 square feet.
Original article here.