Tata Housing Development Company, a subsidiary of Tata Sons, would
invest around Rs 1,000 crore in the existing fiscal to its various
projects across the country, a top company official said here Friday.

Mr. Brotin Banerjee, Managing director and Chief Executive Officer of
the company said that around 60% of the investment will be made in the
northern and western parts of India.

Mr. Banerjee said, "Out of the total amount, about Rs. 400 crore will be
spent on land acquisition and Rs. 600 crore on the construction."

The company projects to sell around 45 lakh square feet of built-up area
in the existing fiscal.

Tata Housing Development Company, which had a compounded annual growth
rate (CAGR) of 125% and quadrupled its profits in the last fiscal, is
concentrating on the metropolitans and larger cities.

Among the cities covered by the company comprise Chandigarh, Delhi,
Kolkata, Hyderabad, Chennai, Mumbai and Hyderabad.

The company's projects are divided into four categories including Shubh
Griha apartments priced at Rs. 3-4 lakh targeted at the low-end
customers, affordable apartments priced between Rs. 12-30 lakh, premium
apartments costing from Rs. 60 lakh to Rs. 1.5 crore and luxury
apartments priced between Rs. 2-Rs. 8 crore.

The company is building up 270 residential units at Rajarhat in the
north eastern fringes of Kolkata in the luxury category. The project
will be finished by the next 24 months.

Tata Housing is also looking for land in Sonarpur and Baruipur of South
24 Parganas district, Dankuni in Hooghly district and Kona in Howrah
District. (With Inputs from Agencies)