Tata Housing will invest about Rs 400 crore over the next three years to develop a mid-income housing project in Goa as part of its strategy to tap the rising demand for second homes.
This is the second project that the Tata group firm will be developing in Goa. The company will develop about 650 housing units on a 7 acre land parcel. This project will have 250 units in the first phase with a starting price of Rs 35 lakh. The construction work has already started and the company is targeting to complete the entire project in three years as it would be low-rise towers.