Tata to extend affordable housing project to more cities

November 06, 2009 02:29 pm | Updated 02:29 pm IST - Munnar

Tata Group chairman Ratan Tata at a function in Mumbai. File Photo: PTI

Tata Group chairman Ratan Tata at a function in Mumbai. File Photo: PTI

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 Rs 12.73 lakh.

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

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

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.