TGA Consult said it won close to HUF 169 mln in European Union funding for the project.

The company plans to complete its first prototype pre-fab home by the end of 2021.

TGA Consult said it aims to adopt practices used in the automotive industry to the endeavor: using semi-finished products, while keeping feedstock inventories low, and applying a degree of precision to its manufacturing operation that is rarely seen in the construction industry. 

The company had net revenue of HUF 1.3 billion last year, public records show.