Tata Housing ties up with Lotus Greens to enter Noida mkt

Realty major Tata Housing recently announced foray into the Noida property market in partnership with local developer Lotus Greens for a 20-acre housing project.

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The project 'Destination 150' will be developed by its subsidiary Tata Value Homes. “Developed in partnership with Lotus Greens, this 20-acre ultra-modern property will comprise six wings of 2 BHK and 3 BHK units starting at Rs 50 lakh and Rs 57 lakh respectively,” Tata Housing said in a statement.

“It gives us immense pleasure to announce our expansion into the Noida market with Destination 150 – our first mega housing project of the new year. The launch of this project is in line with our vision of creating marquee projects in the major metro cities of India,” Tata Housing MD & CEO Brotin Banerjee said.

This smart housing project scaled to include the latest technology and amenities, will propel residential and commercial development in Noida, creating greater opportunity for growth in the region, he added. Tata Housing is already present in the National Capital Region (NCR) property market and is developing four housing projects in Gurgaon. It is now entering Noida, which in the past decade has become a major real estate destination.

In January last year, Godrej Properties had also entered the Noida market in partnership with Lotus Greens to develop a housing project on 36-acre land parcel. Lotus Greens is developing a 300-acre integrated sports city township. Godrej Properties has tied up with Lotus Greens for a housing project in this township. — PTI