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Tata Housing’s subsidiary to invest Rs 300 crore near Chennai

Comments Off on Tata Housing’s subsidiary to invest Rs 300 crore near Chennai   |   February 11, 2014    01:36pm   |Contributed by manoja

Tata Value Homes Limited (TVHL), a 100% subsidiary of Tata Housing Development Company Limited, today strengthened its presence in South India by developing Spanish themed residential township at Sriperumbudur, near Chennai. The company plans to Invest around Rs 300 crore in setting up this township.

Inspired by Spanish living, Santorini is designed by architects F+A.

The township is spread across lush greenery at Sriperumbudur, one of the fastest growing corridors in Chennai.

Speaking on the project Brotin Banerjee, MD & CEO, Tata Housing Development Co. Ltd., said, with rapid urbanisation and influx of global lifestyle trends more and more affluent home buyers are looking for homes to reflect the financial and social standing.

“Launch of Santorini is in line with our strategy to cater today’s Indian buyers who come with global exposure and evolved tastes, we find ourselves constantly innovating to suit the sensibilities of our buyers,” he commented.

He further added Sriperumbudur has witnessed rapid industrial growth over the years, with major global players in the manufacturing segment venturing into the region. The township will offer residents an easy access to other cities like Bangalore.

Santorini is spread across 18 acres and has a total of over 1000 units which range from 1BHK (576 sq.ft.), 2BHK (855 sq. ft. and 1,008 sq. ft.) to 3BHK (1,386 sq. ft. and 1,539 sq. ft.) apartments.

http://www.business-standard.com/article/companies/tata-housing-s-subsidiary-to-invest-rs-300-crore-near-chennai-114020700452_1.html

News Published Under:   Chennai, Real Estate Companies, Real Estate Developers, Real Estate India | Comments Off on Tata Housing’s subsidiary to invest Rs 300 crore near Chennai



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