Tata Housing signs two MoUs with Assam Government

MUMBAI: Leading real estate company, Tata Housing Development Company (THDCL), today signed dual MoUs with the Assam Government to create commercial developments in the state, a press release issued here said.

The first MoU was signed between THDCL and The Department of Industries and Commerce of Assam for creation of commercial space, including business parks and IT buildings in the state.

The second MoU was signed with the Guwahati Metropolitan Development Authority (GMDA) for developing a township and other infrastructure projects under the Public Private Partnership (PPP) model within the state, the release said.

"Assam has witnessed various positive developments in the past and presents vast opportunities--it is poised for an economic development," THDCL's Chief Executive Officer and Managing Director, Brotin Banerjee, said.

Tata Housing Development Company is a fully-owned subsidiary of Tata Sons.

Currently, Tata Sons holds 97.5 per cent of equity share capital of the company while the balance is held by other group entities.