By Indo Asian News Service | IANS
India Private Limited/Yahoo India News – 40 minutes ago
New Delhi, March 3 (IANS) Tata Housing
Development Company, a unit of Tata Group, Monday said it will invest Rs.1,200
crore in 12 projects in eight major cities in India by 2018.
Addressing
a media conference here, managing director and chief executive officer of Tata
Housing Brotin Banerjee said the company targets a market share of 25 percent
by 2018 in senior living segment.
Tata
Housing unveiled its expansion plans for the senior living brand "Riva
Residences".
"Gone
are the days when Indians after retirement thought of sitting at home and
leading a passive life. Today's globetrotting Indian consumer is aware of
international standards and is demanding an active lifestyle after
retirement," said Banerjee.
He
said the company received over 4,000 inquiries from various locations in the
first month of the launch of Riva project at Bangalore.
"The expansion in this segment is a socially conscious decision by the company along with our mission to create projects basis the needs and requirement of our consumers," Banerjee added.
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