Tata Housing has announced a joint venture with Keventer group for a luxury residential project. The JV with Keventer group is for a three acre land parcel at New Alipore, in Kolkata.
With this JV, Tata Housing has enhanced its land bank of premium locations. The move is in line with Tata Housing's vision to expand its presence in the fast growing ultra-luxury segment.
Tata Housing, a subsidiary of Tata Sons, has 70 million sq ft under various stages of planning and execution, and an additional 19 million sq ft in the pipeline. Tata Housing has been strengthening its land bank to create ultra-luxury projects across prime locations in major metros across the country.
Keventer group has diverse interests in dairy, beverages, real estate and infrastructure.