Tata Housing to launch 16,000cr resi projects in next 2-3 yr

In a recent interview with PTI, Mr. Sanjay Dutt, the Managing Director and CEO of Tata Realty and Infrastructure Ltd (TRIL), expressed great optimism about India's housing market and announced plans to launch a substantial residential project portfolio. Tata Housing, a subsidiary of TRIL and part of the esteemed Tata Sons conglomerate, is set to roll out an impressive 10 million square feet of residential developments over the coming 2-3 years. These ambitious projects are projected to generate an estimated revenue of Rs 16,000 crore, capitalizing on the robust consumer demand prevalent in the market. Diving into the specifics of this extensive launch pipeline, Mr. Dutt revealed that a significant proportion of these developments will be strategically situated in key urban centres such as Delhi-NCR, the Mumbai Metropolitan Region (MMR), and Bengaluru. However, Tata Housing's expansion won't be limited to these prominent cities alone, as they also plan to introduce projects in various other Indian cities. Additionally, the company is set to embark on its second venture in Male, Maldives. Tata Realty and Infrastructure Ltd (TRIL) is wholly owned by Tata Sons, underlining the deep-rooted commitment and pedigree of the Tata Group in the real estate sector. With these forthcoming initiatives, Tata Housing aims to tap into the surging demand for residential properties in India while contributing to the growth and development of the housing market in the country.