Vibrant Real Estate

Tata Housing signed an agreement with the Gujarat government to investment Rs 1,000 crore for developing a township in Ahmedabad on a public-private partnership (PPP) model. 

The agreement was signed on the second day of the Vibrant Gujarat Summit at Gandhinagar , Tata Housing Managing Director and Chief Executive Brotin Banerjee said. 

"The proposed project, which would be a township and may involve one or multiple projects, needs many clearances from the state administration and we hope to get them in the next two months. The project, to be developed on PPP model, would in the affordable housing segment," he said. 

On the project completion and the type of the housing, he said, it will take at least three-four years for completion and it would be in the affordable (Rs 10-20 lakh, 2-3 BHK units) range.