Tata Housing Development Company plans to launch about 10 new residential
projects in both affordable and luxury segments during the current fiscal.
These projects may entail an investment of about Rs 1,200 crore. The company
is likely to acquire about 10 million sq ft in this fiscal to launch new
projects. While some projects will be developed with its JV partners, some will
be standalone projects. Funding for the new project is likely to be a mix of
internal accruals, debt and sales revenue.
The projects are likely to be developed in cities, like Chennai, Pune,
Mumbai, Kolkata, Ahmedabad and Bangalore.
Tata Housing develops residential properties of four different economic
categories - ultra luxury, premium, affordable and value homes.