Tata Housing revenue grows by 15 per cent

Tata Housing Development Company (THDC) announced on May 6 that its revenue for residential grew by Rs 200+ cr during the financial year 2020-21; up 15 per cent from last year, with increase in sales of large units.

Owing to a variety of thoughtful consumer-centric initiatives and offers in the pandemic-stricken year, the company generated 1.9+ lakh leads and 12.4k+ site visits, said a press release issued by the company.

In terms of its properties, some of the best performing projects were luxury residences like Primanti Gurugram, Ariana Bhubaneshwar, Avenida Kolkata, Serein Thane Mumbai and Promont Bengaluru and second home projects like Myst Kasuali, Prive Lonavala.

Speaking on the annual performance, Sanjay Dutt, MD & CEO, Tata Realty & Infrastructure Limited, said, “The past year has tested every organisation’s ability to be agile and adaptive to the new normal. We were one of the first companies to embrace digitisation at a rapid pace and that helped us stay relevant in these unprecedented times. Throughout the lockdown, we provided financial assistance to homebuyers, many of them being first-time buyers, to invest in their safe havens amid this pandemic.”