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World's Cheapest Home Costs $720 and is Built in One Week

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Tata Group, best known for making the world's cheapest car (which costs $2,500), is taking its talents to the home-building sphere with its new Nano House. Measuring 215 square feet (floorplan above), the flat-pack pre-fab kit comes with doors, windows, and a roof, as well as coconut fiber/jute walls that are meant to last 20 years. At the moment the Nano, which costs the U.S. equivalent of $720 to build and can be built in a week, is being tested in West Bengal, India, and is being positioned as a possible mass-housing solution to the country's homelessness. Later models will appeal to much bougier needs, with solar panels, verandas, and larger floorplans.

· India's Tata Group to sell $700 flat-pack houses [The Independent via Fast Company]