TVS arm to float low-cost housing project

TVS Housing, a 100 per cent arm of TVS Motor Company, plans to debut with a pilot low-income housing project at Nanmangalam, near Sriperumbudur, Chennai. The broad plan is to sell flats of sizes 385-500 sq ft, at rates between Rs 7 lakh and Rs 10 lakh. About 2,500 flats will come up on 28 acre of the area. The immediate goal is to develop one more project in Chennai, and the vision is to build 20,000 affordable dwellings and achieve a turnover of Rs 1,000 cr in the fifth full year of operation. Contact: TVS Motor Company. Tel: 04344-276 780. Fax: 04344-276 878. Website: www.tvsmotor.in