Tata Value Homes (TVH) -- a fully-owned subsidiary of Tata Housing Development Company, plans to launch three new ‘Value Home’ projects.
The projects in the Delhi NCR region, Kolkata, and Mumbai metropolitan area will be launched in this financial year.
TVH will develop 12,000 flats which are expected to be ready in phases, spread over seven to eight years. Out of the three new projects, two of them will be under the joint venture model and another one in a development management model.
The company envisions working on projects in Africa, Sri Lanka and the Maldives, based on the public-private partnership model.
In 2014, around 25 per cent of the buyers were NRIs as compared to 12 per cent in 2013.