Arvind, Tata Housing in pact for Ahmedabad project
Apparel and textiles company Arvind has formed a 50-50 joint venture with Tata Housing Development Company to develop an integrated township project in Ahmedabad
Moneycontrol Bureau
Apparel and textiles company Arvind has formed a 50-50 joint venture with Tata Housing Development Company to develop an integrated township project in Ahmedabad. The financial terms of the deal were not disclosed by the two parties.The residential cum commercial project, located on the western outskirts of Ahmedabad, is spread over 134 acres and will have a built up area of more than 9 million square feet, Arvind said in a notice to the stock exchanges.Tata Housing currently has over 45 million square feet of real estate under various stages of development and it is looking at establishing presence in emerging tier I, II cities, said Brotin Banerjee, the company
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