Tata Housing Gets a Good Response

As per a highly placed official of Tata Realty and Infrastructure (TRIL), the company is expecting to earn revenue of around ten thousand crore rupees through its housing as well as commercial projects in the next four years.

The official also added that around sixty to seventy percent of the company’s portfolio is to come from its residential sector, and the other portion is to come from its retail and office properties. It intends to enter the residential sector this year with projects outlined for Gurgaon and Mumbai, and with more residential projects to follow in cities such as Chennai, Bangalore, Kochi, Nagpur, and Gurgaon in the coming two years.

He further added that the company has plans of developing around 6 – 7 million sq ft of space for new residential projects within the next three to four years. Out of this around two million sq ft of space has been planned for Mumbai which is to have three to four projects and Bangalore is to see the development of two such projects.

Concurrently, Tata Housing (THDC) has announced its ‘low cost’ housing project in Mumbai called ‘Shubh Griha’, and aims to build approximately four thousand homes in the city over the coming four years. This project is to target low wage earners as well as industrial workers.

THDC has received an overwhelming response for their recently launched project. In under two weeks of the forms being made available, around eight thousand forms have been sold, and their website has received in excess of twenty eight lakh hits.

Shubh Griha’s concept of ‘neighbourhood and community’ aims at providing its customers with a sense of community life coupled with the space. The amenities on offer include high quality lighting, open spaces, ample ventilation, recreational facilities, a school, a hospital, a community hall, and many such things.