Tata Group launches low-cost housing project near Mumbai

06 May 2009

Tata Housing Development Co, a Tata Group company, today joined the low-cost housing bandwagon with a project 'Shubh Griha' in the developing suburb of Boisar, near Mumbai.

Tata Housing said it will invest up to Rs100 crore in the 1,200-apartment township. The apartment size will range between 283 sq ft to 465 sq ft each and prices will range between Rs390,000 and Rs670,000, the company said.

The company will soon start selling application forms and later hold a lottery to allot flats. Application forms are priced at Rs200 each. The flats will be ready in about two years, it said.

The company claims the project is India's first value homes specially constructed to suit both lifestyle and pocket. The integrated township will provide all the basic amenities as well as a clean and green environment in addition to the benefits of community living, the company said.

The integrated township project will mostly consist of one room kitchen and one bedroom-hall-kitchen flats and will have school, playground and hospital facilities.

The apartments will have sufficient storage space inside as well as good quality interior fittings, according to the company release.