Tata Housing plans to develop 20 million sq-ft. land in 8 cities

Q: Tata Housing is planning to develop 20 million sq-ft. land in 8-cities including Bengaluru, Delhi-NCR and Mumbai over the next few yrs.

Ashish Sharma, Mumbai

15th October 2015

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Replies (3)

Hi all,
I heard that company has recently signed an agreement with the Rajasthan Government for development of affordable homes in the state under PPP model.

Anup Goyal, Noida

15th October 2015

Comment

@Anup,
Yes, and still they are hopeful that the online sell will go up to 50000 units including around 1/3 of its total sales by 2020. The success of the online platform has given strength to their faith that accessibility and convenience of the internet makes it an ideal medium for customers.

Jignesh Kumar, Bangalore

16th October 2015

If i am not wrong, a total of 250 units will be made available for sale through Facebook by the company from October 26-28, and will be priced between Rs 29 lakh and Rs 50 lakh. The additional land measuring 20 million sq-ft. will be developed by the company in 8-cities including Bangalore, New Delhi, NCR and Mumbai over next few years.

Ashish Bhoite, Mumbai

15th October 2015

Comment

@Ashish,
The company has already delivered 5000 homes during the last 3-4 yrs. and it plans to deliver another 4000 homes in the remaining part of the current financial year. And this is the right time for over 132 million monthly active people in India and people across the world on Facebook can participate and get an opportunity to book a dream home in Goa.

Wasim Mohammad, Pune

15th October 2015

The online sales of property has not picked up as of now but still company is hopeful and going to launch 4 more residential projects during Oct-Dec, 2015. Till date they have been able to sell only 2000 units through online platform which includes even less than 10% of the company's total sales.

Jignesh Kumar, Bangalore

15th October 2015

Yes, the company presently has got 29 projects and 70 million sq-ft. land under various stages of planning and execution across 13 cities. They have got an additional 20 million sq-ft land for development in the pipeline and they will be developing the same during the next few years.

Ashish Bhoite, Mumbai

15th October 2015

Comment

Now, they are in talk with the land owners in this matter. Tata Housing has listed all its projects online spreading affordable, premium and luxury segments. The company has 29 projects with around 70 million sq-ft. under various stages of development at 13 locations across the country.

Amit Raj, Delhi-NCR

15th October 2015