Tata Housing forays into Chennai

Aiming at a pan-India presence, real estate developer Tata Housing Devel-opment Company, a division of the $70.8 billion Tata Group, on Tuesday announced its foray into this southern metropolis with a `1,500-crore project. In the first phase, the company would invest around `650-`700 crore for developing 960 apartments, including one, two and three bedrooms, he said adding, the ground breaking ceremony would happen in another two-three months. The first phase will be completed by 24 months and in the second phase the company proposed to build row type villas, three and four bedroom apartments at an
additional investment of `750 crore.

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