Tata Housing Development Company Ltd (THDCL) launched a low-cost housing project christened 'Shubh Griha' in Boisar, Maharashtra on 6 May 2009.

The apartments of 283 sq ft, 360 sq ft and 465 sq ft are likely to be priced in the range of Rs 3.9-6.7 lakh. With a balanced mix of buildings and open spaces, these projects will be constructed under the guidance of Indian Green Building Council.

THDCL is expected to invest Rs 100 crore in the Boisar project and develop 1,200 housing units. The housing project will come up on about eight acre and will have homes in the affordable segment, besides shopping, hospital, schools and other amenities, in subsequent phases. The housing project is slated to be completed in two years.

The company aims to build up to 15,000 budget homes over the next 3-4 years across several cities, including Mumbai, Delhi and Bangalore.

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