Jamshedpur gave birth to Telco (now Tata Motors) which has just launched the low-cost Nano; Jamshedpur, according to the 35-year old Tata Housing Development Company managing director Brotin Banerjee, is what inspired Tata Housing to launch its Shubh Griha low-cost housing project in Mumbai.
With projects ranging from affordable to premium, Tata Housing Development Co Ltd says it expects to be among the top three real estate entities in the next five years.
Brotin Banerjee, managing director and CEO of Tata Housing, shares the company's plans and strategy with Raghavendra Kamath.
Tata Housing develops residential property of four different economic categories -- ultra luxury (Rs 3-7 crore or Rs 30-70 million), premium (Rs 80 lakh-Rs 2.5 crore or Rs 8 million to Rs 25 million), affordable (Rs 15-50 lakhs or Rs 1.5 to Rs 5 million) and value homes (sub Rs 10 lakhs or Rs 1 million).
Tata Housing's efforts at helping less privileged sections of society are commendable, but after a point it won't be able to do much for the simple reason that there aren't going to be enough lenders to give loans to these prospective home buyers.
After Rs 1-lakh people's car Nano, the Tatas have unveiled a low-cost realty project which offers a house for less than Rs 4 lakh.
After Rs 1-lakh people's car Nano, the Tatas on Wednesday unveiled a low-cost realty project which offers a house for less than Rs 4 lakh.Tata Housing, the real estate development arm of the Tatas, will build one-room-kitchen flats for just Rs 3.91 lakh in a township being developed at Boisar, 100 km from Mumbai.
In a bid to strengthen its footprint in the country's property market, Tata Housing Development Company plans to develop 200 lakh sq ft area of worth $3 billion (over Rs 12,500 crore) in the next 4-5 years.
Sterling Group-controlled coffee chain Barista Coffee Company Ltd on Wednesday announced plans to open 60-70 outlets across the country in the next 10-12 months, as part of its expansion plans.
Tata Housing to take up around 13 projects for constructing homes for the old.
It is expected to bring transparency and reinstate consumer faith in the industry, says Brotin Banerjee.
Farmers too will get better deals
Brotin Banerjee, managing director and chief executive officer, talks to Business Standard on how the e-commerce space has broken down the barriers between a buyer and a seller.
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Tata Value Homes, a 100 per cent subsidiary of Tata Housing, on Monday launched its exclusive e-commerce platform to sell flats and is eyeing up to Rs 1,000 crore (Rs 10 billion) revenue by FY2015-16.
At a time when buyers are complaining about developers not sticking to delivery schedules and delays stretching for three-four years, these technologies have come as a boon.
Sotheby's International Realty was founded in 1976.
he hike in service tax rate from 12.5 per cent to 14 per cent will increase the costs of buying
They sought further cut in interest rates as well as reforms.
Shift to new business model to help companies cut capital cost, increase margins.
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Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
With sentiment up, launch of new projects revives, though much dissent on whether this is a real return of a positive market
Like Jamshedpur, many Indian cities that have been and will be properly planned can be smart cities of the future.
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The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
About 5.5 million users are looking for real estate online in India
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
People are not just splurging on clothes, mobiles and household goods through the online route, they are also looking at cars and even houses.
These homes offer services that help lead a smooth retired life.
These projects are targeted at financially well-off and upwardly mobile Indians.
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