After it's Rs 1-lakh wonder car 'Nano', Tata Group is all set to launch a house for nearly Rs 32,000 aimed at rural market by the end of next year.

"At present, the housing project is in the pilot stage in 30 locations spread across the country and we are in discussions with various agencies like Coir Board, Jute Board and also state governments," Sumitesh Das, head global research programme of Tata Steel , said.

The houses will be made in pre-fabricated, or 'prefab', format, under which the company will provide a kit consisting of roofs, doors, windows, etc, which can be erected or assembled.

"It is quick house built in seven days if you have a patch of land. Basic model of 20 sq metres, with flat roof will cost around 500 euros (around Rs 32,000).