Where are the growth opportunities in a down market? Tata, the company behind the $2,000 Nano car, seems to be betting on the bottom of the pyramid (or at least somewhere far from the top of the pyramid). According to Business Week, Tata will be building 1,000 Nano apartments outside Mumbai for $7,800 each. The smallest of the apartments measures a mere 283 square feet (check out the floor plans here).
(Hat tip: Richard Florida)
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