Mr. Tata has heard me!

Ya, I am right. Mr. Tata or perhaps CEO of Tata Housing, Mr. Brotin Banerjee has given much needed hearing to market demands. I am so delighted with launch of Tata Housing project for Low cost houses in the price band of Rs 3.9 lakh-6.7 lakh . These days, my predictions are proving correct. I will write more about those predictions in future posts. But for now, it’s great moment for Indian Housing sector. Since I wrote in May 2008 http://anshuman-jaiswal.blogspot.com/2008/05/housing-needs-nano.html ,there has been a great evolution of low costs models. Success of Tata Nano bookings has awakened top line conscious business houses to new source of revenues. All big industrial houses such as Tatas, Birlas, Ambanis and new age entrepreneurs should take a lesson from Tata’s low cost housing initiative and jump into the untouched, unserved markets of low cost housing for creating newer markets of middle class and lower middle class consumers. But I am surprised with poor coverage of this news, which according to me is transformational for Indian Housing sector. Let’s wait for more Low cost innovations coming from fast becoming Low Cost Capital of the world, India.