Tata Housing plans to come up with 5 signature villas in Delhi
19 Jan 2014 11:29 PM GMT
Realty major Tata Housing plans to develop a super luxury residential project in the heart of national capital comprising 4-5 expensive villas in a price range of Rs 130-170 crore each.
Tata Housing, the real estate arm of the Tata Group, has decided to develop 4-5 signature villas on the 1-acre bungalow that the company had bought in 2012 on Hailey Road near Connaught Place for about Rs 250 crore, sources said.
The company plans to launch these 4-5 villas in March-April, each carrying a price tag between Rs 130 and Rs 170 crore, which could be one of the most costliest villas offered in the primary market, they added.
Tata Housing is in an advanced stage of talks with designers from France and Italy to craft signature villas in this project, sources said, adding that the tie-up could be with one or more international interior designers.
When contacted, the company spokesperson declined to comment. This posh location has seen a number of Rs 100-crore plus property deals in the last few years. Tata Housing is present in the Delhi-NCR region with three projects in Gurgaon. This would be its first project in the national capital.
In Delhi, there are very few projects from organised developers such as DLF?s Capital Green near Moti Nagar and Parsvnath?s housing project at Civil Lines.
Riding high on the successful launch of super luxury projects ‘Gurgaon Gateway’ and ‘Primanti Garden Estate’ this year in Gurgaon, Tata Housing is looking to expand its presence in this fast growing region.
The company has devised a strategy to buy marquee land to develop ultra-luxury projects rather than entering into a joint venture with land owner.
Tata Housing, the real estate arm of the Tata Group, has decided to develop 4-5 signature villas on the 1-acre bungalow that the company had bought in 2012 on Hailey Road near Connaught Place for about Rs 250 crore, sources said.
The company plans to launch these 4-5 villas in March-April, each carrying a price tag between Rs 130 and Rs 170 crore, which could be one of the most costliest villas offered in the primary market, they added.
Tata Housing is in an advanced stage of talks with designers from France and Italy to craft signature villas in this project, sources said, adding that the tie-up could be with one or more international interior designers.
When contacted, the company spokesperson declined to comment. This posh location has seen a number of Rs 100-crore plus property deals in the last few years. Tata Housing is present in the Delhi-NCR region with three projects in Gurgaon. This would be its first project in the national capital.
In Delhi, there are very few projects from organised developers such as DLF?s Capital Green near Moti Nagar and Parsvnath?s housing project at Civil Lines.
Riding high on the successful launch of super luxury projects ‘Gurgaon Gateway’ and ‘Primanti Garden Estate’ this year in Gurgaon, Tata Housing is looking to expand its presence in this fast growing region.
The company has devised a strategy to buy marquee land to develop ultra-luxury projects rather than entering into a joint venture with land owner.
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