Tata Housing launches Rs. 700-cr realty projects

    Tata Housing Realty Projects
    Encouraged by the surging fortunes in the country's real estate sector, Tata Housing Development Company has decided to complete its Rs. 700-cr project at Bhubaneswar in Odisha by 2020. From the targeted projects under which it aims to start construction for third and final phase by March 2017, it has targeted whopping revenue of Rs. 1,000cr. The Phase III of the project named as Ariana, will be a premium and exclusive development as it is better located within the master plan and offers 2BHK, 3BHK, and Jodi apartments, a combination of two units for a bigger apartment, Assistant Vice President (sales and marketing), Rajeeb Dash said. He further added that, the investment will be slightly more than Rs. 200-cr in the third phase. It will have 350 units in four towers. Whereas, in Phase- I and Phase –II, 550 units out of 650 units have been sold, which has seen an investment of Rs. 500cr. Designed by international architects, Woods Bagot, the master plan of the project has been designed as a horizontal leaf expression and is located 10 km from the Biju Patnaik International Airport. The project will have 12 towers, ranging from 14-19 storeys and are pre-certified by Indian Green Building Council.
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