Tata Housing to Invest ₹1200 Crore in Land Acquisition for Housing Projects and Plots

Tata Housing to Invest ₹1200 Crore in Land Acquisition for Housing Projects and Plots

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2 year(s) ago

Tata Housing, a leading real estate developer, plans to invest heavily in acquiring land across major Indian cities. Tata Housing, a subsidiary of Tata Group, plans to invest ₹1200 crore over the next two years to acquire land for residential development projects across India. This investment will focus on both group housing and plotted developments, a segment that has gained popularity during the pandemic.

  • Investment: ₹1200 crore over the next 2 years
  • Focus Areas: Group housing projects and plotted developments
  • Reason for Plotted Development Focus: Increased demand during the pandemic (e.g., Tata Housing’s ‘Swaram’ project in Bengaluru sold out within 36 hours)

Acquisition Strategy:

  • Both outright purchase and joint development agreements (JDAs) with landowners
  • Exploring land parcels ranging from 12 to 200 acres
  • Target cities: Delhi-NCR, Mumbai, Bengaluru, Pune, and Kolkata

Company Background:

  • Tata Housing is a subsidiary of Tata Sons, part of the Tata Group conglomerate.
  • Tata Realty, with a focus on large-scale commercial and residential developments, is the parent company of Tata Housing.
  • Tata Group employs over 750,000 people worldwide.

Overall, this investment signifies Tata Housing’s confidence in the Indian real estate market, particularly the growing demand for plotted developments.

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

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