| Shobhana Subramanian: Who'll finance 'affordable' housing? | 20-NOV-09 |
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| Brotin Banerjee is happy. He has been able to sell a fourth of the 1,500 apartments of his affordable housing project in Boisar, about 100 km from Mumbai, to people who he describes as belonging to the “informal sector”. These are buyers, the managing director of Tata Housing explains, who don’t have a bank account and, therefore, wouldn’t qualify for a bank loan. |
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| Shobhana Subramanian: Jerry Rao's nano-housing dreams | 03-JUL-09 |
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| It’s wonderful that Jerry Rao is planning to build houses that cost Rs 700,000 or less. The former Citibanker’s model is simple enough: land is bought with the equity capital while construction is financed through bank loans at market-related rates currently anywhere between 11 and 13 per cent. The key to the success of the project is the time taken to complete it. |
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| Tatas advance low-cost housing target by 2 yrs | 10-JUN-09 |
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| Tata Housing, a unit of Tata Sons, is advancing its plans to build 15,000 low-cost dwelling units by two years. Besides, it should add 300 more houses in its Mumbai project to take the advantage of demand for such homes, a top company official said. |
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| Tata Realty eyes Rs 10k-cr revenue | 28-MAY-09 |
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| Tata Realty and Infrastructure (TRIL), a unit of Tata Sons, expects to earn Rs 10,000 crore in revenues from its housing and commercial projects in the next four years, a top company official said. |
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| Tatas to invest Rs 20,000 cr in core sector projects | 28-MAY-09 |
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| Tata Realty and Infrastructure (TRIL), a closely-held unit of Tata Sons, plans to invest Rs 20,000 crore to build special economic zones, roads, ports and other core sector projects in the next three years to take advantage of a stable political environment and revival in the economy, a top company official said. |
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| Tata Housing unveils low-cost housing project | 06-MAY-09 |
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| Tata Housing Development Company unveiled its 'Shubh Griha' project on Wednesday, a first of its kind pan-Indian brand to offer low-cost residential properties. Under the project, Tata would be launching its first property in the suburb of Boisar in Mumbai, followed by a pan-Indian presence across tier I and tier II cities. Moreover, the value homes will be priced between Rs 3.9 lakh and Rs 6.7 lakh. |
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