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Are There Homes Available for $700?

There are projected to be homes available for $700 US Dollars (USD) in India. An Indian manufacturing company has created a 215-square-foot (20-square-meter), flat-pack house in a prefabricated kit that includes the roof, windows and doors, with interiors made from coconut fiber or jute. The kit is estimated to be able to be assembled within a week and to last for 20 years. The $700 USD home will be marketed mainly to private buyers who already own plots of land on which to assemble the houses, as well as state governments to plan mass housing for India's large population.

More about homes worldwide:

  • The average American spends nearly one-half of his or her take-home pay on housing.
  • Romania has the world's highest rate of home ownership, with more than 96% of adults owning homes as of 2013.
  • Paris has one of the most expensive housing markets, with the average home costing about $2,600 USD per square foot (0.093 square meters). By comparison, a home in Chicago costs about $200 USD per square foot (0.093 square meters).
Allison Boelcke
By Allison Boelcke
Allison Boelcke, a digital marketing manager and freelance writer, helps businesses create compelling content to connect with their target markets and drive results. With a degree in English, she combines her writing skills with marketing expertise to craft engaging content that gets noticed and leads to website traffic and conversions. Her ability to understand and connect with target audiences makes her a valuable asset to any content creation team.
Discussion Comments
By anon360179 — On Dec 24, 2013

I would love to find more information as I have a small piece of property in the mountains west of Taos, New Mexico, and could sure use something to live in that I could afford!

By anon360143 — On Dec 24, 2013

Can anyone guess if that $700 home will comply with Indian Building Code, Fire Code etc?

By anon360062 — On Dec 23, 2013

I wonder if the Red Cross has considered these for emergencies or the homeless?

Allison Boelcke
Allison Boelcke
Allison Boelcke, a digital marketing manager and freelance writer, helps businesses create compelling content to connect with their target markets and drive results. With a degree in English, she combines her writing skills with marketing expertise to craft engaging content that gets noticed and leads to website traffic and conversions. Her ability to understand and connect with target audiences makes her a valuable asset to any content creation team.
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