Tatas' low-cost housing project evokes good response
Tata Housing, which on Wednesday announced low-cost housing project, was on Thursday flooded with queries and some prospective buyers even visited the site at Boiser.
"We have increased the number of personnel on duty at the Boiser site office to facilitate appropriate and speedy information to the people on the allotment procedure and save their time," Tata Housing's Managing Director and Chief Executive Officer Brotin Banerjee told PTI.
Tata Housing had on Wednesday said application forms for the first 1,200 flats would be available from Saturday at some select State Bank of India branches for 15 days.
Fully-filled forms should be submitted within 30 days, thereafter, following which flats would be allotted through a lottery. The project would be ready within two years.
Tata Housing, the real estate development arm of the Tatas, unveiled "Shubh Griha" brand under which it will offer low-cost houses to the masses.
Tata Housing will offer a 283 sq ft one-room flat along with kitchen for just Rs 3.9 lakh. A one BHK flat of 465 sq ft would be available at Rs 6.7 lakhs.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.