Tata Housing to buy Alstom T&D's land for Rs.120 cr

December 23, 2013 07:15 pm | Updated 07:16 pm IST - NEW DELHI:

Tata Housing, on Monday, announced that it had entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore for Rs.120 crore.

A Tata Housing spokesperson said that as part of our long-term strategy, the company was expanding its presence in the fast growing city of Bangalore. “We are planning to launch an ultra-luxury project on this land to cater to the increasing aspiration of higher living in the city,’’ the spokesperson said in a statement here.

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