Tata Housing in talks with Logix, Lotus Greens to enter Noida

Realty firm Tata Housing is looking to enter Noida property market and is in discussions with four local builders, including Logix group and Lotus Greens, to form a joint venture for the development of a housing project.
Last month, Godrej Properties had announced foray into the Noida market by partnering Lotus Greens to develop a group housing project within 'Lotus Greens Sports City' in Sector 150, Noida.
According to sources, Tata Housing, the real estate arm of the Tata group, is planning to expand its presence in the national capital region's market.
The company is already developing four projects in Gurgaon and is now actively looking at Noida market.

Sources said the company is in discussions with at least four companies, including Logix group and Lotus Greens, for possible tie-up.
Lotus Greens is developing a 300 acre integrated sports city township. Logix group also has huge land bank in Noida.

Tata Housing spokesperson declined to comment.
With land prices skyrocketing across the country, many developers are entering into a joint development agreement with land owners.
Out of Tata Housing's total portfolio, about 70-75 per cent projects are in partnership with local developers and land owners.
Established in 1984, Tata Housing is a closely held public limited company and a subsidiary of Tata Sons Ltd. The company has about 70 million sq ft under various stages of planning and execution and an additional 19 million sq ft in the pipeline.