The Tata Group has begun scouting for a suitable candidate to head Air India, as the tenure of the incumbent, Campbell Wilson, will end next year, sources have said. Meanwhile, the Group is also looking to appoint a new managing director for its low-cost subsidiary Air India Express.
People from different walks of life gathered outside the residence of Ratan Tata in south Mumbai on Thursday morning to pay their respects to the veteran industrialist, who died in a hospital in Mumbai.
The company will develop one million sq ft of property in Male in a joint venture with Maldives government.
Sotheby's International Realty was founded in 1976.
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.
Shantanu Naidu, a long-time associate of Ratan Tata, on Thursday bid adieu to the industrialist, comparing his boss to a 'lighthouse'.
To cost Rs 45 lakh all inclusive for one bedroom flat and Rs 65 lakh for two-bed room flat.
The US on Wednesday mourned the death of veteran industrialist and philanthropist Ratan Naval Tata, remembering him as someone who drove India to greater prosperity and development. Tata, the former Tata Group chairman who transformed a staid group into India's largest and most influential conglomerate, breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. "My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing modern business leadership in India.
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).
The Supreme Court has given a go ahead to Tata Housing Development Company's premium project in Goa, Villa Paradiso, the company said in a press release on Monday.
Tata Housing Development Company Ltd today said it will invest Rs 2,000 crore (Rs 20 billion) in the next three years to build a luxury housing project in Gurgaon and also announced its plans to foray into the overseas market this fiscal.
Ratan Tata: A Life, the much awaited biography, reveals that after a year of 'parallel running', Tata began having second thoughts about Cyrus Mistry's 'suitability'. 'Mistry targeted Ratan, the man who had elevated him from virtual oblivion into the mainstream of the Tatas...'
Have You met Mr Tata, interacted with him? If you have, we would love to hear from you. Please mail your memories of your encounter with Mr Tata, complete with the date of the meeting, your full name, where you are based, what you do. And if you have a photograph of yourself with Mr Tata, please mail that too. Do mail your recollections to ReadersWriteIn@rediffmail.com
The company may partner with local governments and land owners to launch its projects.
Amid slowdown, the company is buying quality land parcels at marquee locations across the country.
Tata Housing Development Company on Monday ruled out pulling out of Maldives and is discussing with the government there regarding an alternate site for a housing project following plans to construct the Supreme Court on one of the allotted sites.
Tata Housing Development Company, a unit of Tata Sons, expects to earn Rs 700 crore (Rs 7 billion) in revenue from low-cost housing in the next four years, a top company official has said.
The Supreme Court cleared a multi-crore luxury housing project being constructed by Tata Housing Development Corporation Ltd in Goa and set aside a Mumbai high court order directing demolition of the complex as it was being built in green areas.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Like Jamshedpur, many Indian cities that have been and will be properly planned can be smart cities of the future.
Registration of housing properties in the Mumbai municipal region increased 35 per cent year-on-year to 7,556 units during this month on rising demand, according to Knight Frank. The registrations for September 2021 were 87 per cent higher compared to the pre-pandemic period of September 2019. "Mumbai BMC region (Churchgate to Dahisar and Colaba to Mulund) recorded its best September month performance. Recording 35 per cent YoY growth in property registrations in September 2021, 7,556 units is a 10-year best performance in the month of September," Knight Frank said in a statement.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
Sanjay Kumar Singh speaks to experts to find out if Tata Housings new loan offer should interest you.
Tata Housing plans the country's most expensive gated villas in Delhi.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
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.
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.
Tata Housing to take up around 13 projects for constructing homes for the old.
People are not just splurging on clothes, mobiles and household goods through the online route, they are also looking at cars and even houses.
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.Tata Housing had earlier planned to develop 1,000 houses under the brand 'Shubh Griha' in Bhoisar, a distant suburb of Mumbai, priced at Rs 3.9-6.7 lakh.
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.
Shift to new business model to help companies cut capital cost, increase margins.
About 5.5 million users are looking for real estate online in India
Margins for developers have fell to 15-20 per cent in affordable segment.
In the wake of boost from the Budget & RBI move on affordable housing, Tata Housing & Mahindra Lifespace, among others, plan new launches.
A good number of seniors today are independent, financially stable.
The new launches in the affordable category could just be another marketing gimmick to push sales and mop up money.
Analysts have turned bullish after success of some big launches and revival of home sales. There is optimism on rate cuts by RBI and hope for lower inflation; which may renew buyers' interest in real estate in coming months.
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