Latest News | Tata Housing Net Sales Bookings Rise 40 Pc in FY23
Get latest articles and stories on Latest News at LatestLY. Tata Housing, a subsidiary of Tata Sons, on Wednesday said its net sales bookings grew by 40 per cent during the last fiscal year on a strong demand for residential properties in its projects.
New Delhi, Apr 19 (PTI) Tata Housing, a subsidiary of Tata Sons, on Wednesday said its net sales bookings grew by 40 per cent during the last fiscal year on a strong demand for residential properties in its projects.
The company did not disclose the sales bookings value for the 2022-23 fiscal.
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In a statement, Tata Housing said it has achieved the highest-ever annual residential sales.
"Owing to positive consumer sentiments and a strong business proposition, Tata Housing witnessed an exponential demand from North, West, South & East markets...," the company said in a statement.
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Sanjay Dutt, MD & CEO of Tata Realty & Infrastructure Ltd, said, "We have a strong foothold in the realty market and are actively capitalising on the latest consumer sentiments."
"Trends like the rise in millennial home-buying sentiments as well as the surge in NRIs and HNIs investing in the residential segment have allowed us to leverage our diverse portfolio offering homes with an array of residential solutions to a wide consumer segment," he said.
The sector has witnessed a substantial growth in the last few months, despite gaping economic challenges, he said.
"We are cautiously optimistic about the year ahead and foresee growth in demand in the affordable housing segment owing to the availability of wide ranging financial alternatives and the increased financial disposition of consumers," Dutt said.
He said the company has more than 50 projects in 15 cities with a development potential of over 51 million square feet.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)