NRI’s contribute 15-20 per cent of the total housing sales in India and factoring this, Tata Housing, the realty arm of Tata Group has opened an office in Dubai. This, the company feels is the right move at the right time to help NRIs buy their dream homes in India.
Tata Housing has offices in Sri Lanka and Maldives and the company offers best-in-class service to prospective clients.
The Gulf Cooperation Council contributes to 50% of the international sales, and NRIs contribute to more than 30% of the population in UAE. The Company is currently offering certain schemes for a limited period, to NRIs.
The company is also into senior living projects, which gaining popularity.
In another move, Tata Capital Housing Finance is planning to raise about Rs 2,000 crore this financial year through a combination of bank loans, borrowings from the market and re-finance facility from the National Housing Bank (NHB). The company had raised about Rs 6,500 to 7,000 crore last fiscal.
Source: Business Standard