Tata Housing to develop affordable housing overseas

Tata Housing Development Company said that it has received proposals from Governments of Sri Lanka, the Maldives and Nepal to build integrated cities with affordable housing.

“We have received invitations from many overseas governments to build townships with affordable housing. The governments of Sri Lanka, the Maldives and Nepal have invited us to start a same model of townships we have made in Boisar, near Mumbai,” Tata Housing Development managing director and CEO Brotin Banerjee said.

The property development arm of Tata Group is currently developing affordable housing projects for middle-income group (New Haven) and low-income group (Shubh Griha) in Boisar. The company also plans to start similar projects (affordable housing) in different metros and Tier II cities and is currently on the look out for land and partners, he said.