2. The first phase is being launched in Mumbai, which is better known as financial capital of India and will commence activity wef May month. One can get a one-room-kitchen flats for just Rs 3.91 lakh and location is at Boisar which is 100 km from Mumbai. Thus 14 million popuation of Mumbai have an option to get benefitted with the scheme as it is not possible for every one to own a house in Mumbai.
3. In second phase the project will be launched in other cities and its form has been priced at Rs 200 and same is available through State Bank of India and one will require to deposit a sum of Rs 10000 as initial deposit. Tata will benefit from the move as people are tired of fraud real estate dealers and these so called hi profiled companies. Even the Indian Banks’ Association has come up with the special housing loan scheme for up to Rs 20 lakh. This Tata’s Nano housing project – Shubh Griha is going to bring a new ray of hope for all those looking to have their own home.
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