Tata Housing is coming up with affordable housing project in Haryana

By Accommodation Times News Services

Budget HomesTata Housing one of the leading developers in India recently announced that, the company  will invest about Rs 600 crore to develop a new residential project at Bahadurgarh, Haryana. The company has tied up with a local developer, who owns 21.7 acres of land, to develop this housing project comprising 800-1,000 units.

Tata Housing subsidiary Tata Value Homes said it has entered into Delhi-NCR’s affordable housing market with the launch of this project in Bahadurgarh. The apartment price starts from nearly Rs 50 lakh.

Tata Housing did not mention the total investment to develop this project, but sources said it would be about Rs 600 crore. The company has received all the necessary approvals to develop this project and construction works would start soon, they added.

Tata Housing MD & CEO Brotin Banerjee said, “Situated in close proximity to both Gurgaon and New Delhi, Bahadurgarh has the potential of being the hub for the value and affordable housing segment in the NCR area.”

Tata Housing is a closely held public limited company and a subsidiary of Tata Sons Ltd, which holds 99.86 per cent stake in the realty firm. It has 70 million square feet under various stages of planning and execution and an additional 19 million square feet in the pipeline.

Currently, Tata Housing is developing three projects in Gurgaon.

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