Bookings for Tata's low-cost houses - that will come for as low as Rs 4 lakh - starts on Monday.
The initial booking amount is Rs 10,000 and booking application forms are available at SBI branches. Bookings can be made through bank pay order at selected branches of SBI bank across Mumbai. Applicants can purchase the application form booklet at Rs 200.
Bookings have to be made in the next 20 days and the first list and the waiting list is expected 15 days after the final booking day.
Tata Housing, a subsidiary of Tata Sons, launched its low-cost housing initiative - the Shubh Griha project - on Wednesday. The company plans to build apartments that will be priced at around Rs 4 to Rs 7 lakh.
The first Shubh Griha township will be launched at Boisar in Mumbai.
Tata Housing has tied up with SBI and HDFC to help potential buyers with finance options.
Showing posts with label house loan. Show all posts
Showing posts with label house loan. Show all posts
Tata Housing Development Company | Low Cost Housing
Jamshedpur gave birth to Telco (now Tata Motors) which has just launched the low-cost Nano; Jamshedpur, according to the 35-year old Tata Housing Development Company Managing Director Brotin Banerjee, is what inspired Tata Housing to launch its Shubh Griha low-cost housing project in Mumbai.
Banerjee has been with Tata Housing for the last two years. For now, the group will construct 1,000 low-cost houses in Mumbai, and later do another 4,000 over four years in different cities.
Banerjee, who was born and brought up in Jharkhand and has worked with the Tatas since 1998, says he liked the concept of Jamshedpur, which provided housing to thousands of employees working with Tata companies and others. So, he says, he wanted to try and replicate that model in other cities. 'The Tatas', he says, 'have always worked with the common man in mind. I am just one of them".
For the record, the Tata Administrative Service officer has been working with the group on mass-products in the past as well. He began his TAS-life with Tata Chemicals making salt for the 'common-man' one of his first jobs was to help relaunch the Tata Salt brand.
After launching the 'Tata Namak, Desk ka Namak', he launched 'Samunder', a low-priced iodised salt aimed at poorer sections of society. He later moved to Barista Coffee as Vice-President in charge of marketing, strategy and corporate communications and was also its Chief Operating Officer.
According to Baner-jee, the project was a long time in the making and the team worked with suppliers, designers and others for over a year to come up with a model which was financially viable much the same thing, it appears in retrospect, that happened when Tata Motors conceived the Nano.
"We had many board and committee meetings discussing financial and commercial parameters at length. We were able to demonstrate that the project was feasible", he says.
Will the company's experiment to reach to the bottom of the pyramid be financially viable when the economy is slowing down, and how will the entry of builders such as Unitech and Omaxe in this very segment affect the Tata project?
"Why not?" counters Banerjee. "There is a short hous-es in the country in mid- and lower-income segments, and that cannot be bridged by the government un-less there is private sector participation", he argues.
The similarities with the Nano, of course, don't end here. The Shubh Grlha project, like the Nano, is likely to add more to the buzz around the company than it will to its bottomline. In the next four years, if all goes well, it will contribute just around 5 per cent to Tata Housing's revenues.
For the rest, the company is banking on mid-income and premium housing projects, IT parks, malls, office complexes and so on. In the same manner that Tata Motors is counting on the truck market to lift its fortunes
Banerjee has been with Tata Housing for the last two years. For now, the group will construct 1,000 low-cost houses in Mumbai, and later do another 4,000 over four years in different cities.
Banerjee, who was born and brought up in Jharkhand and has worked with the Tatas since 1998, says he liked the concept of Jamshedpur, which provided housing to thousands of employees working with Tata companies and others. So, he says, he wanted to try and replicate that model in other cities. 'The Tatas', he says, 'have always worked with the common man in mind. I am just one of them".
For the record, the Tata Administrative Service officer has been working with the group on mass-products in the past as well. He began his TAS-life with Tata Chemicals making salt for the 'common-man' one of his first jobs was to help relaunch the Tata Salt brand.
After launching the 'Tata Namak, Desk ka Namak', he launched 'Samunder', a low-priced iodised salt aimed at poorer sections of society. He later moved to Barista Coffee as Vice-President in charge of marketing, strategy and corporate communications and was also its Chief Operating Officer.
According to Baner-jee, the project was a long time in the making and the team worked with suppliers, designers and others for over a year to come up with a model which was financially viable much the same thing, it appears in retrospect, that happened when Tata Motors conceived the Nano.
"We had many board and committee meetings discussing financial and commercial parameters at length. We were able to demonstrate that the project was feasible", he says.
Will the company's experiment to reach to the bottom of the pyramid be financially viable when the economy is slowing down, and how will the entry of builders such as Unitech and Omaxe in this very segment affect the Tata project?
"Why not?" counters Banerjee. "There is a short hous-es in the country in mid- and lower-income segments, and that cannot be bridged by the government un-less there is private sector participation", he argues.
The similarities with the Nano, of course, don't end here. The Shubh Grlha project, like the Nano, is likely to add more to the buzz around the company than it will to its bottomline. In the next four years, if all goes well, it will contribute just around 5 per cent to Tata Housing's revenues.
For the rest, the company is banking on mid-income and premium housing projects, IT parks, malls, office complexes and so on. In the same manner that Tata Motors is counting on the truck market to lift its fortunes
Tata Offers Low Cost Houses | Booking Started on May 11th
After the low cost Tata Nano, Tata has come out with low low-cost houses that would be available for Rs4-7 lakh.
The loans for low-cost houses are been offered by a subsidiary of Tata Sons, Tata Housing Finance and the booking for these houses has also started on May 11th.
Tata Housing launched its low-cost housing initiative named the Shubh Griha project on May 6th. The company plans to build apartments under the project at the rate that will be priced somewhere between Rs 4 lakh and Rs 7 lakh.
The booking amount for these apartments will start at Rs 10,000 and the bookings can only be made through bank pay order at selected branches of SBI across Mumbai. Further the application forms for the booking are available at SBI branches and can be availed for a price of Rs 200.
The booking for these low cost houses will be made in the next 20 days and the first list and the waiting list for the same is expected to be out 15 days after the final booking day.
The first township under the Shubh Griha project will be launched at Boisar in Mumbai.
The firm has also entered into agreements with SBI and HDFC to provide finance options to its potential customers.
The loans for low-cost houses are been offered by a subsidiary of Tata Sons, Tata Housing Finance and the booking for these houses has also started on May 11th.
Tata Housing launched its low-cost housing initiative named the Shubh Griha project on May 6th. The company plans to build apartments under the project at the rate that will be priced somewhere between Rs 4 lakh and Rs 7 lakh.
The booking amount for these apartments will start at Rs 10,000 and the bookings can only be made through bank pay order at selected branches of SBI across Mumbai. Further the application forms for the booking are available at SBI branches and can be availed for a price of Rs 200.
The booking for these low cost houses will be made in the next 20 days and the first list and the waiting list for the same is expected to be out 15 days after the final booking day.
The first township under the Shubh Griha project will be launched at Boisar in Mumbai.
The firm has also entered into agreements with SBI and HDFC to provide finance options to its potential customers.
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