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

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.