Tata Housing Development Company: First Housing Project for Senior Citizens..!


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.

 ** The total investment on this project would be Rs. 70 crore and expected revenue is nearly Rs 95 crore.


** 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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