Tata Realty goes aggressive with Rs.4,000 crore investment

No image

Last Updated: 10th December 2022 - 01:25 pm

Listen icon

In the last quarter, almost all realty companies have shown positive vibes in terms of demand pick-up. While revenge buying has been one factor, the more important factor has been home loan rates are at the lowest in history. Most home buyers are seeing the eminent wisdom of locking themselves into long-term mortgages at these rates.

One company with aggressive plans on the realty front is Tata Realty and Infrastructure, the real estate development arm of Tata Group. Tata Realty plans to invest Rs.4,000 crore into the real estate business. Out of this allocation, Rs.2,000 crore will be towards residential housing projects and the other Rs.2,000 crore will be for commercial projects. Tata Realty hopes to invest this sum in the next 2 years.

As per reports, Tata Realty is seeing a surge in demand for ready-to-move-in residential properties after the bitter experience of unfinished projects by many builders in the last few years. The aggression is evident from the fact that Tata Realty increased its construction worker count from 3,500 to 5,000 during the pandemic.

In FY21, Tata Realty reported revenues of Rs.1,500 crore which is 15% more than revenues in FY20. In volume terms, Tatas sold a total of 1,300 units during FY21 with record sales in Q4. That has encouraged Tata Realty to go aggressive on future projects with an outlay of Rs.4,000 crore. For FY22, Tata Realty expects another 20% growth from current levels.

Tata Realty currently has 4 residential projects under construction consisting of a total of 2,500 units spread across Mumbai, NCR-Delhi and Kolkata. Its residential portfolio has about 45 million SFT under construction. In addition, Tata Realty also has 3 commercial projects under progress with 7 million SFT of leased and owned space. Tata Realty has a 35-year track record in India.

How do you rate this article?
Characters remaining (1500)

FREE Trading & Demat Account
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Indian Stock Market Related Articles

Top Growth Stocks Trading at a Discount

by 5paisa Research Team 4th Nov 2024

Best Gold ETFs in India

by 5paisa Research Team 4th Nov 2024

Best Corporate Bonds in India

by 5paisa Research Team 4th Nov 2024

Top 10 Best Government Bonds in India

by 5paisa Research Team 4th Nov 2024

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Want to Use 5paisa
Trading App?