Despite tumbles in the housing market, low-cost housing is undergoing a boom in Mumbai, India, where the need for affordable housing is high.
Numerous firms are moving in the direction of super-affordable housing, with prices under $10,000.
"After launching the world's cheapest car this year - the bubble-shaped Nano - Tata's housing division announced plans in May to build so-called Nano Homes to cater to this underserved segment. It plans to build 1,300 small apartments outside Mumbai, with prices starting at about 380,000 rupees (about $8,600). The company also plans to launch low-cost housing projects outside other major Indian cities.
Matheran Realty, another real estate giant, plans to build 15,000 flats in the next three years in Matheran, outside Mumbai, available for about 220,000 rupees. India's Godrej group, meanwhile, plans to build a low-cost township outside the western city of Ahmedabad, with apartments ranging from 500,000 rupees to two million rupees."
Read the full story: Tata test drives its latest version of cheap: The Nano Home
Seattle has Built Over 14,000 Affordable Units Since 2020 — More Than Any Other US Metro
Despite being ahead of other cities, Seattle is still short more than 150,000 affordable units.
Small Connecticut Town Approves Controversial 96-Unit Apartment Complex
Just 1.4 percent of housing in the affluent enclave of Woodbridge qualifies as affordable.
Upzoning Could Bring 15K New Homes to Queens
A rezoning plan for Long Island City opens up prime waterfront land for residential development, but some critics say new housing could be prone to flooding and should be built farther inland.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Study reveals best places in the U.S. for cycling, walking
New research from Streetlight Data examines bicycle and pedestrian miles per capita in the 100 largest U.S. cities by population.
Federal government nominates new FTA administrator
Mark Aesch is currently the founder and CEO of a transportation management consulting firm.
Developers reveal $10 billion stadium plan as ‘Hail Mary’ to keep Bears in Chicago
The plan would also boast a public park, high- and mid-rise buildings and a youth sports complex.
As Texas embraces carbon storage, a Black community questions the risks
Texas now issues permits for companies to store carbon dioxide underground. East Texas residents fear safety risks, and skeptics doubt the climate benefits.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello