Tata Housing, the real estate development arm of the Tatas, will build one-room-kitchen flats for just Rs 3.91 lakh in a township being developed at Boisar, 100 km from Mumbai.
The salt-to-software Tata conglomerate plans to develop the township within 24 months and allotment of flats would made through lottery, Brotin Banerjee, managing director, Tata Housing said.
The company has plans to replicate the project, Subha Griha, in the National Capital Region (Delhi) and Bangalore in the current fiscal itself, he said.
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