Tata Realty
Tata Realty and Infrastructure Limited has planned to develop ultra-luxury residential apartments near Hailey Road, Delhi with an investment of ₹150 crore. Tarun Mehrotra informed that the company is currently in the process of getting approvals from the New Delhi Municipal Corporation (NDMC). The Hailey Road project will have about 100,000 sq. ft. of built-up area with 40 to 42 7-star luxury apartments with average size of 2000 sq ft. The company is currently exploring the idea of having an internationally renowned designer or architect to design this, and possibly it will be a branded residence. The builder plans to go up to 6 floors or higher if permitted. One of the first projects of Tata Housing was Tata Apartments on Prithviraj Road. With the newest project, it will be kind of repeating that history again, and try to take that legacy forward. According to Mehrotra, Covid-19 had a short-term impact on the business in the first and second waves as the overall uncertainty in the market pushed back the expansion plans of the company. As such, the focus was to ensure that existing projects were well looked out for. During Covid-19, the availability of labour, men and materials was a challenge, but because of the current bounce back of the market, the company is looking forward to a couple of more launches.
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