Tata Housing plans to develop 20-mn sq/ft land in 8 cities

Tata Housing, the realty arm of Tata Sons plans to develop 20 million sq/ft land in eight cities in India which include Bengaluru, Delhi-NCR and Mumbai over the next few years. The company already has 29 projects and 70 million sq/ft land under various stages of planning and execution across 13 cities.

The managing director and chief executive Brotin Banerjee of Tata Housing told reporters,   “we have additional 20 million sq/ft land for development in the pipeline . We are in talks with the land owners in this connection.”

Speaking on the sidelines of a social cell initiative by Tata Housing where homes will be sold through Facebook in Goa ranging from Rs. 29 lakh to Rs. 50 lakh between October 26 – 28, he added that the additional 20 million sq ft land parcels throughout India will be developed in the course of next few years.

The company has already delivered 5,000 homes during the last 3-4 years and it plans to deliver another 4,000 homes in the remaining part of the current fiscal. “We will be launching four residential projects during October-December,” he added.