Tata Housing is going International with the launch of its maiden projects in Maldives. Tata Housing is the fully owned real estate arm of Tata Group. The project is to be a public-private partnership between Maldives government and Apex, a special purpose vehicle formed by Tata Housing and Maldives-based developer SG18. Tata Housing owns 65% stake in the SPV. The villas in Maldives will be priced at Rs. 30 crores.
According to the agreement, the Maldives government has allocated four plots on an island on a 50-year lease to the SPV to develop residential apartments, of which 80% would be owned by the government to provide low-cost housing. The remaining 20% would be sold by the SPV, apart from a 1.5-lakh sq ft land parcel which will have about 50 villas costing around Rs 30 crore each.
The project is expected to finish it in 30 months time. According to the reports it is already commenced its activities. Tata Housing is planning to extend their international activities in Sri Lanka, South Africa and Kenya.
TATA Nano project in Singur may move -TATA project at Singur may be moved to a new pla
Ratan Tata is set to join Air India's new advisory board - Air India is in big crisis and who else other tha
TATA Nano to be launched on March 23rd - The cheapest car in the World, Nano by Tata Mot
TATA DOCOMO - “When life changes in seconds why should we pay
Human Rights concerned with government plans to dismiss staff - After the new Government has taken over after the
Most of the posts on this blog is written by Kishore Asokan who is a part time blogger and WordPress developer. You can find more about him