Tata Housing buys 20 acres land in Bangalore

Q: How much did they paid for the 20 acres of land and what type of project they are planning to construction?

Gaurang, Bangalore

26th December 2013

Real estate News in Bangalore

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Replies (4)

How is the demand for luxury units in North bangalore?

Manu Kumar, Bangalore

26th December 2013

Comment

According to market reports, the demand for ultra-luxury projects in North Bangalore has witnessed a welcome rise in the past few years and remains high at a consistent pace. Residential real estate activity in the region gained traction post the inauguration of the international airport at Devanahalli.

Aakash N, Bangalore

26th December 2013

The projects positioned around Bellary Road, Hebbal and its nearby areas all fall under the luxury category and cater to the increasing aspiration of 'higher living' in the city.This tags North Bangalore, as the potential region to become the next economic centre of the city. The ORR IT hub, airport, Aerospace Town and the proposed Information Technology Investment Region are the economic magnets in North Bangalore that does the trick for the region.

Nakul Sachdev, Bangalore

26th December 2013

Why investing in Bangalore is a lucrative option?

Gaurang, Bangalore

26th December 2013

Comment

Bangalore has paved its way to become one of the fastest growing urban dwellings in the country. The presence of BPO and IT firms further gave a push to the existing demand for residential and commercial properties in the city. Close proximity to the international airport, up to snuff social and physical infrastructure and state-of-the art educational institutes have given significant impetus to investments from NRIs and HNIs.

Jignesh Kumar, Bangalore

26th December 2013

North Bangalore is worth and safe. In 2012, the best performing areas in Bangalore were Hebbal, Sahakar Nagar and RT Nagar in North Bangalore. These locations have seen the highest demand and appreciation during the year. In 2013, North Bangalore continued to grow, because of the massive potential for capital appreciation. Projects which are under construction on Outer Ring Road will reach completion stage and see increased sales because of the preference for ready-to-occupy projects by users. The IT growth corridor will also impact the real estate market.

Saran,

26th December 2013

Tata Housing has presence in Mumbai, Lonavala, Talegaon, Pune, Ahmedabad, Goa, Gurgaon, Chandigarh, Bengaluru, Chennai, Kolkata and Bhubaneswar. The company is now in the process of expanding footprints to other parts of India across tier I and II cities. It has ventured into foreign markets such as Maldives and is actively exploring other markets, including Sri Lanka and other South Asian countries.

Ramesh Reddy, Bangalore

26th December 2013

Comment

Tata Housing, the subsidiary of Tata Sons is no exception. Tata housing has a past record of offering premium luxury projects like The Promont (Bangalore) Raisina Residency (Gurgaon), Gurgaon Gateway (Gurgaon) and cater to India’s new affluents and high-net worth individuals.

Nakul Sachdev, Bangalore

26th December 2013

Tata housing has entered into a joint agreement with Alstom T&D, to purchase its manufacturing unit spread across 20 acres(in North Bangalore) for Rs 120 crores.

Jignesh Kumar, Bangalore

26th December 2013

Comment

According to Tata housing officials, the company is in talks to launch an ultra-luxury housing project on the land and expand its base in one of the fastest growing cities across India. As per Asia Pacific, Bangalore is credited as the ‘10th most preferred realty investment destinations’, and Tata housing has made an attempt to cash on it.

Nakul Sachdev, Bangalore

26th December 2013