Tata Housing plans projects for non-metros

Mr Raheja added that the project is pre-certified Green Building under the guidance of IGBC (Indian Green Building Council)

Brotin Banerjee, managing director of the Tata Housing Development Company, a wholly owned subsidiary of Tata Sons Limited said that the ‘Raisina Residency project’ is targeted at the high-end (upper income) consumers.

When asked if the Tata Housing has any plans for coming up with projects catering to the lower and upper middle (income wise) groups, Banerjee said, “Given the current prices of basic ingredients of building such as steel and cement it is difficult to go in for providing ‘affordable’ housing.”

Laying stress on the private-public partnership for providing housing to lower income groups, Banerjee said, “If the Government pitches in by providing cheap lands and cutting down the costs of basic building materials real estate developers can come with projects with houses catering to different income groups.”

Talking about the housing plans for the non-metro cities, Mr Banerjee said that Tata Housing is looking forward to projects in tier two cities such as Chandigarh, Pune, Hyderabad and Banglore and would be targeting different segments of consumers and not just the ‘upper class’.