Mexico’s Homex in partnership with India’s Daksh

by Dave

Raines Court, a multi-story modular housing bl...Image via Wikipedia

If this new venture can figure out how to build a modular home for price points like $5000 and $10000 they have a winner. There needs to be a Tata-Nano like rethink to build cheap housing for the urban poor in India and Latin America.

Homex said April-June net profit was 722 million pesos ($70 million) on revenue of 4.381 billion pesos, which was up 20 percent from a year earlier.

The company said during the second quarter it teamed with Daksh Builders and Developers Pvt Ltd to build cheap houses in India through a new venture called Homex India.

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