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KEC International sells land in Thane to Tata Housing for Rs214 crore

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The Tata Housing Development Corporation has acquired a 7-acre land at Pokhran Road No. 2, Village, Majiwade Taluka in Thane, for Rs214 crore from KEC International for development of a premium housing project.

With a development potential of over 7.3 lakh sq feet, the Tata firm plans to develop a super premium luxury project. The group expects Rs1,300 crore revenue from the project. Tata Housing signed an agreement with KEC International on Monday.

A spokesperson of Tata Housing, the real estate arm of the Tata group, confirmed the deal. KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water.

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