Tata Housing and Neptune Group Signed 10 Acre Joint Venture Land in Bhandup, Mumbai

Tata Housing and Neptune Group Signed 10 Acre Joint Venture Land in Bhandup, Mumbai

Tata Housing and Neptune Group Partner for Residential Project in Bhandup, Mumbai. Tata Housing Development Company and Neptune Group have joined forces to develop a 10-acre residential project in Bhandup, a Mumbai suburb. Tata Housing and Neptune Group Signed an 10 Acre Joint Venture Land in Bhandup, Mumbai to develop a mid-segment housing project, this land in Bhandup is situated at LBS Marg, Bhandup, Mumbai.

Project Details:

• Location: Bhandup, Mumbai
• Land Area: 10 acres (part of a larger 22-acre Neptune Group land parcel)
• Project Size: 1.2 million sq ft
• Estimated Revenue: Rs 1,700 crore
• Construction Timeline: 4 years
• Apartment Types: 2BHK, 2.5BHK, and 3BHK
• Starting Price: Rs 1.4 crore

Responsibilities:

• Neptune Group: Land provision, securing approvals
• Tata Housing: Conceptualization, construction, marketing

Market Context:

• LBS Marg, Bhandup, has transformed from an industrial area to a residential hub.
• The project aims to offer competitive pricing compared to existing ready apartments in the area (Rs 12,500 per sq ft vs. Rs 17,000-18,000 per sq ft).

Additional Information:

• This project is part of Tata Housing’s expansion plans with ongoing projects in Delhi, Bangalore, Mumbai, and Goa.
• Tata Housing also has a subsidiary focused on affordable housing (Tata Value Homes).
• The company has a broad presence across India and is exploring international markets.

This collaboration signifies Tata Housing’s strategic move to tap into Mumbai’s growing residential market, specifically in Bhandup’s developing residential area.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in