Tata Housing started five affordable housing projects

Tata Housing Development Company has started its five affordable housing projects, including one in the city, as per the statement of company official. Brotin Banerjee, CEO and Managing Director of Tata Housing Development, said that we are setting up five affordable housing projects in all over the country, including Kolkata city.

For Kolkata city, Tata Housing Development has entered into a development manager model with Square Four Group with a aim to set-up a project on B T Road in the northern part of the metropolis.

As per the development manager model of Kolkata city project, Tata Value Homes, which is a 100 percent subsidiary of Tata Housing, would provide managerial and technical expertise including ground support, whereas; the investment would be by Square Four group which would be Rs 1,800 crore. According to Banerjee, Tata Housing will invest between Rs 2,500 crore to Rs 3,000 crore for building premium and affordable housing projects in the up-coming years.