Realty firm Tata Housing will invest about Rs 150 crore on a new housing project, which was launched today on Tata Founder’s Day, at Kalyan near Mumbai. Tata Founder’s Day is celebrated in commemoration of the birth anniversary of Tata group founder Jamshedji Nusserwanji Tata. Tata Housing, the real estate arm of the Tata group, said in a statement that the company has launched its new project Avaha at Kalyan near Mumbai. The price starts at Rs 63 lakhs.
The company did not disclose the project cost as well as the number of units to be developed in this project. However, a company official said about 180 units would be developed in this project at a cost of Rs 150 crore. Commenting on the new project, Tata Housing MD & CEO Brotin Banerjee said: “Kalyan as a region is witnessing rapid progress in terms of its liveability index that is assessed on factors such as health and medical standards, safety, housing options and socio-cultural development.”