Tata Housing building 53 projects with 10-mn sq ft space
The real estate wing of the Tata Group, Tata Housing, the wholly-owned real estate development company of the group has recently launched 53 projects stretching across 10 million sq ft area across the country and this also included one of the largest Information Technology Special Economic Zone (ITSEZ) — Ramanujan IT City in Chennai in the downstream south. As a matter of fact, the realtor has identified property development business as one of its top three focus areas as it looks to become a major player in the country’s burgeoning real estate sector, said managing director and chief executive officer of Tata Realty and Tata Housing, Sanjay Dutt, adding that the company is scaling up the business as it wants to be a complete real estate solutions company with presence in all the segments — residential, offices and shopping centres. Since its inception in 1984, Tata Realty, has so far delivered 21 million sq ft of real estate and has development potential of around 49m sq ft across its projects. In the recent past Tata Realty has acquired three green field projects on outright basis for ₹600 crore and these projects alone have around 7 m sq ft potentials with combination of residential and commercial development, he claimed.
📅Published on:
16 December 2018
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