Navigate India's diverse landscape with IndiDNA

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Navigate India's diverse landscape with IndiDNA

A number of individuals within the US have been shopping for such tiny houses on-line

A TikTok consumer in america just lately purchased a foldable home on Amazon value $26,000 (Rs 21.3 lakh), following which movies of such houses have been cropping up on social media. Notably, a number of individuals within the US have been shopping for such tiny houses on-line, as an alternative choice to rising rents and sky-high home deposits.

The brand new-age houses have sparked a debate on social media, with some individuals calling it a ”waste of cash”, whereas others liked the thought of buying it. One X consumer referred to as it a ”glorified delivery container.” On Tuesday, Capitalmind CEO Deepak Shenoy too dived into the talk and imagined what would occur if these homes have been being bought in Mumbai, a metropolis identified for its excessive actual property costs. 

”This is able to retail in Mumbai for no less than 5 crores every and you continue to will not be allowed to prepare dinner non-veg in them,” he wrote, taking a dig on the foldable home. Notably, Mumbai is a serious financial heart in India and attracts numerous individuals for work and enterprise, resulting in a excessive demand for housing. 

Right here is the put up:

Mr. Shenoy’s quip led customers from India to additional speculate about the way forward for such homes in Mumbai, the place there’s a scarcity of land. In the meantime, some individuals have been nonetheless making an attempt to wrap their heads across the uncommon idea. 

One consumer wrote, ”Nah far more. U first want land to put it. Present me that first. Possibly 5 crores for those who can have it stacked to 10 ranges.”

One other commented, ”I believed it’s some type of joke. However it’s actually a pre-fabricated home in several sizes.”

A 3rd wrote, ”The place would you set it although. Value of land must be factored in.” A fourth added, ”The land to maintain these containers will price in crores in Mumbai.” A fifth mentioned, ”And let’s not neglect how flooded these would get each single monsoon.”

In line with Metro, the home is a fold-out flat measuring 16.5ft by 20ft, value $26,000 (Rs 21,37,416). The tiny flat comes with a built-in bathe and bathroom, a kitchenette, a dwelling space, and a bed room.

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