By Accommodation Times News Service
Partners with Keventer Group for a 3 acre land parcel Near Alipore in Kolkata
Tata Housing Development Company, one of the fastest growing real estate developers in India with a presence across the consumer pyramid enhanced its land bank of premium locations through JV with Keventer group for a 3 acre (approx.) land parcel at New Alipore in Kolkata.
While the real estate industry has been witnessing a slowdown during the past few years, Tata Housing has been utilizing this opportunity to strengthen its land bank to create ultra-luxury projects across prime locations in major metros across the country.
Commenting on the announcement, Mr, Brotin Banerjee, MD & CEO, Tata Housing Development Company, said, “We believe this is the right time to increase our foot print of quality land parcels in city centers of major metros as the demand will start picking with improvement in macro economy by end of this year. This joint venture is in line with Tata Housing’s vision to expand their presence in the fast growing segment. Tata Housing has always believed in setting a benchmark in the real estate industry with the luxury and ultra-luxury projects”.
Mr. Mayank Jalan, Managing Director, Keventer Group said, “We are extremely delighted to partner with Tata Housing for this land parcel. This is just the beginning of our long term relationship with Tata Housing and we will be doing many more projects. We hope to create new landmarks for the city of Kolkata and give our consumers an opportunity to experience at par with international standards”