InvestorQ : Is it true that Tata Realty arm is planning a massive investment in its realty business?
Lavanya Subramanian made post

Is it true that Tata Realty arm is planning a massive investment in its realty business?

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Anamika Sodhani answered.
4 months ago
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In fact, Tata Realty is planning go really aggressive in the coming two years. To begin with, Tata Realty and Infrastructure has outlines plans to invest Rs.4,000 crore over next 2 years. Out of this, Rs.2,000 crore will be invested in residential projects while another Rs.2,000 crore will be invested into commercial projects. This is just over the next 2 years and the medium to long term plan is yet to be laid out in a big way.

Most realty companies saw a sharp pick-up in realty demand in the midst of historically low home loan rates. There has been pick-up in demand and also sales growth in the last quarter. Tata Group actually took it headcount of construction workers to 5,000 in the midst of the pandemic. For Tata Realty, revenues are up 120% on yoy basis and they also admit to a sharp recovery in demand. Tata Realty gets nearly 70% sales from affordable housing.

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