rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Low-cost homes from $300 to $1,000!

Low-cost homes from $300 to $1,000!

Last updated on: September 20, 2011 09:39 IST

Low-cost homes from $300 to $1,000!

     Next

Next

For over 1.5 billion people who live on just $1 a day, buying a house will remain a far-fetched dream.

To address this alarming issue, MIT has come up with a $1,000 solution. While housing prices have zoomed to $1,000 per sq metre, MIT s low-cost house will cost just $1,000 (Rs 47,000).

The Pinwheel House has been designed by Ying Chee Chui, a graduate of MIT s Department of Architecture, has been built in Mianyang, in Sichuan Province, China.

Click NEXT to read more...


Image: Pinwheel House.
Photographs: Courtesy, MIT website.
     Next

Low-cost homes from $300 to $1,000!

Prev     Next
Prev

Next

It is not just MIT that is looking at low cost housing. Vijay Govindarajan, one of the world's foremost management thinkers, plans to build affordable, environmentally friendly home for just $300 (yes, $300 or about Rs 14,000!) creating a gargantuan $375-billion opportunity for corporations the world over.

Govindarajan, the Earl C Daum 1924 Professor of International Business at Dartmouth's Tuck School, had organised a global competition -- The $300 House Challenge -- calling for design ideas for such houses that would help better the quality of billions of poor people across the world, especially in developing countries.

The roof of this $300 house would be an inexpensive solar panel and battery that helps provide electricity to home to light it up, charge a mobile phone, maybe power a television set.

Click NEXT to read more...


Image: Decadomes are made from panels made of plywood, plastic, jute, rice husk, straw, and resin.
Photographs: Courtesy, Mashable.
Prev     Next

Low-cost homes from $300 to $1,000!

Prev     Next
Prev

Next

Meanwhile, Ying Chee Chui s house features hollow brick walls with steel bars for reinforcement, wooden box beams. It can withstand earthquakes too.

The Pinwheel House has a modular layout, with rectangular room units surrounding a central courtyard space and is well-ventilated.

Click NEXT to read more...


Image: Ying Chee Chui.

Prev     Next

Low-cost homes from $300 to $1,000!

Prev     Next
Prev

Next
The project focuses on affordable housing for areas hit by bad infrastructure, where resources are scare, or is hit by natural disasters.

The idea of a $1,000 home was first conceived by Tony Ciochetti, the Thomas G. Eastman Chair at MIT s Center for Real Estate.

The 1K House is an MIT joint-research initiative started between the Department of Architecture and the Center for Real Estate in 2008.

Click NEXT to read more


Image: Tony Ciochetti.

Prev     Next

Low-cost homes from $300 to $1,000!

Prev     Next
Prev

Next
The goal of this research initiative is use the intellectual capacity of MIT faculty and students to improve the plight of the world s poor in terms of their housing needs.

The initial phase of the 1K House project has recently concluded with the completion of an architectural design studio.

Click NEXT to read more...

Image: A low cost house.

Prev     Next

Low-cost homes from $300 to $1,000!

Prev     Next
Prev

Next

The price cap of $1,000 is a rigorous but achievable goal to provide quality housing to a new and emerging market in developing countries around the world, according to MIT.

The intent of the price is to allow a large economic group to afford proper housing for the first time.

Click NEXT to read more...


Image: Low cost house design.
Photographs: Courtesy, MIT.
Prev     Next

Low-cost homes from $300 to $1,000!

Prev     Next
Prev

Next

Implementing innovative and quality design can provide not only affordable housing, but also housing that improves the quality of life for the inhabitants.

This includes providing safety, sanitation, and comfort.

Click NEXT to read more...


Image: The $1K House.

Prev     Next

Low-cost homes from $300 to $1,000!

Prev     More
Prev

More

The $1,000 House has been designed to harvest energy and treat waste in a self-sustained way.

It can be built with a hybrid of the traditional, local and recycled building materials and latest industrial products.

A team of MIT students is working on buildings the low cost houses in countries like India, China, Philippines and other countries.

After the successful 1K House project, MIT aims to create a series of home designs, for Japan. It would cost $10,000 to build these houses.


Image: Massachusetts Institute of Technology.

Prev     More