Tata HousingEstablished in 1984, Tata Housing is a closely held public limited company and a subsidiary of TATA Sons Limited. TATA Sons Limited holds 99.78% of equity share capital of the company.
Since its revival in late 2006, Tata Housing has evolved into one of the fastest growing real estate development companies in India. With the primary business being the development of properties in residential, commercial and retail sectors, the company's operations span across various aspects of real estate development, such as Land Identification and Acquisition, Project Planning, Designing, Marketing & Sales, Project Execution, Property Services and Estate Management.
The company’s mission as a real estate development company is “to delight customers by providing quality life spaces through continuous innovations”. The core objective of Tata Housing is to create a real estate development business that offers world-class property development skills while maximizing financial returns. The company is recognized for its quality construction, ethical and transparent business practices, and high standards of maintenance of properties. Tata Housing has pioneered the concept of property development by corporates in India.
Tata Housing believes in creating a home or an office based on an understanding of the stated and unstated consumer needs and preferences. The company develops every property only after a concentrated and focused market research to determine the consumer needs and then the project is designed and implemented according to consumer preferences. Tata Housing today has partnered with internationally acclaimed architects and design consultants. Tata Housing’s projects are built to high quality specifications instantly making them landmarks. Quality has become synonymous with TATA Housing.
Today, Tata Housing enjoys the unique position of having large in-city real estate properties in major metros and mini metros. Further, the company enjoys the virtue of having huge land banks in Mumbai, Ahmedabad, Bangalore, Gurgaon, Chandigarh, and Kolkata and is presently acquiring large land parcels across the country. As a comprehensive real estate developer of choice, Tata Housing straddles across all consumer segments from value housing to luxury housing. By offering products ranging from Rs. 5 lakh to Rs. 14 crore, the company has a diversified portfolio of more than 60 million sq.ft. under various stages of development. Besides projects under execution, there is a steady pipeline of projects of over 19 million sq.ft.
Going with the Tata ethos and with a vision of catering to low and medium income segments, Tata Housing pioneered the concept of low-cost housing under the banner of Smart Value Homes Limited, a 100% subsidiary launched in 2010, to exclusively cater to low-cost and affordable housing in the price range of Rs. 5 to 35 lakh. Since then Smart Value Homes is developing landmark integrated and sustainable township projects in various parts of the country.
Tata Housing has taken up the cause of environment by committing to develop certified green buildings, thus, saving energy for the country. The first green development to be executed under this norm was Xylem – Bangalore’s first LEED Gold Rated Green Building. Prive in Lonavala is pre-certified platinum rated, while Aquila Heights and Raisina Residency are gold certified green developments by the Indian Green Building Council (IGBC).
Today with a strength of over 650 employees, and presence in Mumbai, Lonavala, Talegaon, Pune, Ahmedabad Goa, Gurgaon, Chandigarh, Bengaluru, Chennai, Kolkata and Bhubaneswar; the company is now in the process of expanding its footprint to other parts of India across tier I and tier II cities. The company has also ventured into foreign markets such as Maldives and is actively considering markets such as Sri Lanka, and other South Asian countries.