Tata Group's real
estate firm, Tata Housing Development Company recntly announced its foray
into housing for senior citizens with launch of first project in Bangalore with
an investment of nearly Rs. 70 crore.
The 4.5 acre project
'Riva Residences' will have 187 units where only a person with age of 55
and above can reside. The project is part of Tata Housing's 25 acres township.
Mr.Brotin
Banerjee, MD and CEO, Tata Housing
Development Company, "Tata Housing's mission is driven by the desire to
delight our customers by providing quality life spaces through continuous
innovation. In the same spirit, Riva is our effort to create a special offering
for the seniors of our society"
** The project has
been planned with modern utility-based design facilities, services and ambiance
to specially cater to the requirement of its senior residents.
** It would be Rs. 45
lakh all inclusive for one bedroom flat with 800 square feet area and Rs. 65
lakh for two bed room flat having 1,200 square feet area.
** The firm plans to
develop more housing projects for the senior citizens across the country.
About Tata Housing
Development Company..!
Tata Housing, a
subsidiary of Tata Sons, currently has 5.5 crore square feet of area under
various stages of planning and execution and an additional 1.9 crore square
feet in the pipeline. It is offering products ranging from Rs. 5 lakh to Rs. 14
crore.
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