The Tata sons’ fully owned subsidiary, Tata Housing Development Company Ltd. declared on Thursday, August 7, that it is foraying into the real estate market of North India by developing a 200 lakh square feet property. Speaking about its Gurgaon’s Raisina Residency project, Tata Housing MD, Brotin Banerjee said, ‘Raisina Residency will be jointly developed by Tata Housing and Raheja Builders.’

Aedas, one of the top five architects in the world, has designed the Raisina Residency project. The Tata Housing Managing Director further informed that the 200 lakh sq. ft property, which will be developed across India in the coming four to five years, will be worth Rs 12,000 Crore. It was also underscored that the projects will be created by the Tata Housing Company on its own as well as in alliance with land-owners and other real estate firms.  

‘The projects are coming up in eight to nine major cities such as Delhi and its neighboring townships, Mumbai, Goa, Hyderabad, Chennai, Bangalore and Kolkata,’ Brotin Banerjee divulged. The Gurgaon project will cover an area of 11.73 acre. The Raisina Residency comprises nine creatively structured modern towers. It includes two and three bedroom flats in addition to duplexes and penthouses.