Tata Housing to build low-cost housing near Mumbai
India's Tata Group launched a low-cost housing project near Mumbai, joining a spate of Indian developers that have moved to the affordable housing segment, as demand dries up for more expensive homes.
Unlisted group firm Tata Housing Development Co said it will invest up to 1 billion rupees in a 1,200-unit township at Boisar, in the outskirts of Mumbai, and will sell apartments at prices ranging between 390,000 rupees and 670,000 rupees.
