Word: mumbai
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...Tata Housing Development, the real estate arm of the giant Tata group, is poised to start building apartment-style homes priced from $7,800 to $13,400 in a township being planned at Bhoisar, an industrial suburb located 31 miles (50 km) north of Mumbai. Like the Nano, which was designed to bring some middle-class comforts to the masses, the homes are geared for the hundreds of millions of Indians making less than $5,000 a year who are unable to afford decent dwellings. "We have realized that there is an opportunity at the bottom of the pyramid," says...
...weeks after the $2,000 Nano formally debuted in Mumbai, Tata Motors announced this week that it had taken pre-paid orders for 203,000 vehicles during a special 16-day booking period that ended April 25. Dilip Chenoy, director general of the Society of Indian Automobile Manufacturers (SIAM), says the Nano is the first car in India to log more than 200,000 orders at launch. In comparison, the tiny Suzuki Alto, one of the Japanese carmaker's best-selling Indian offerings, has sold 913,000 units in the domestic market since 2000. (See the 10 things you should...
...aspiration of a hardworking migrant would have been the security of a government job, but Raghu wants more - his own business. "If I can get the capital I can definitely succeed," he says. "But I don't know where to get it. That eats me up." (See pictures of Mumbai picking up the pieces after the attacks...
...voters have in common is their pragmatism. They look for what he calls "visible development" - a tangible sign of effectiveness - and will reward it at the polls. That was the powerful lesson of local elections held last Nov. 29 in New Delhi. The polls opened while the siege of Mumbai was still going on, and many political observers expected that the BJP, which had relentlessly portrayed Congress as "soft on terror," would win. Instead, young voters gave the ruling Congress Party credit for the Delhi Metro, a new mass-transit system, and re-elected Sheila Dikshit, the city...
...Gopinath, an army captain and founder of one of India's first budget airlines, is promising to bring corporate efficiency and military discipline to city government. Meera Sanyal, the head of ABN Amro in India, was motivated by the November terrorist attacks to run for office in south Mumbai. Even Advani, the BJP's prime-ministerial candidate, is facing an independent challenge, from Mallika Sarabhai, a dancer and prominent social activist...