Tata Housing’s sale bookings surged fivefold to Rs 623 crore in April-June 2022-23 on strong demand across its residential projects. Tata Housing, which is a 100 percent subsidiary of Tata Sons Pvt Ltd, is one of the leading real estate players in the country and is developing projects across major cities.
Sanjay Dutt, Managing Director and CEO of Tata Realty & Infrastructure, said: “With the rise in demand propelled by normalcy post the last COVID wave, Tata Housing has generated Rs 623 crore revenue in Q1 and has added Luxa One in Maldives to our portfolio.” Housing sales of almost all real estate developers were badly impacted in June quarter last fiscal year because of the second wave of the COVID-19 pandemic. With exponential growth in the first quarter of FY23, he said the company looks forward to reshaping the demand for residential solutions in India and international markets.He expects to clock triple-digit growth in the current fiscal year.
“We are on a path to become market leaders with a strong foothold in the industry and are ramping up the resources to leverage our brand value,” Dutt said. Tata Housing said it made “stellar progress” across the country with projects like La Vida in Gurugram, Myst in Kasauli and Eureka Park in Noida, Serein in Mumbai and New Haven in Bengaluru seeing exemplary demand from homebuyers.These projects achieved more than 100 per cent of their quarterly targets. During the June quarter, Tata Housing also launched the Luxa One project at Male in Maldives. It is a mixed use development.