Tata to extend affordable housing project to more cities

Tata to extend affordable housing project to more cities

Munnar: Upbeat over the good response to its affordable housing venture in Mumbai, Tata Group is planning to extend the scheme to other major cities across the country.

The group is looking for housing projects in Kolkata and Bangalore in the next phase, Tata Group chairman Ratan Tata told reporters here.

Tata was here to attend the silver jubilee function of the company-run High Range School.

He said the company’s affordable housing projects in Mumbai had evinced keen interest from all parts of the country and some foreign countries as well.

Tata said the government of Maldives had also shown interest in the company’s housing project.

Tatas had in September this year announced the launch of its affordable housing project under the name of ‘New Haven’ at Boisar in Mumbai.

The company is building 1,300 apartments, including 2 BHK and 3 BHK homes, prices of which starting from Rs12.73 lakh.

On the company’s much-touted small car Nano, Ratan Tata said the company had plans to market localized versions of the low-priced vehicle in European markets.

Asked about the group’s expansion plans in plantation sector, he said the a proposal to take up oil palm plantations in Indonesia was under consideration.