Tata Value Homes Launches Two Towers For New Haven, Bengaluru

• The latest addition to New Haven, towers T21 and T29 feature larger than the regular 2 & 3 BHK apartments 
• The Company is expecting a revenue of over Rs. 60 crores from the 102 units in the two towers

28^th January 2020, Bangalore: Tata Value Homes, a 100% subsidiary of Tata Sons Private Ltd, today announced the launch of two towers in its affordable housing project, ‘New Haven’ in Bengaluru. Located off Tumkur Road – Bengaluru’s fastest developing corridor – the project is well-connected to Nice Ring Road and Tumkur Road as well as an upcoming Metro Station.

The latest addition to the sprawling New Haven complex, towers T21 and T29 have a combined total of 104 units of 2 & 3 BHK apartments that are larger than the average-sized abodes. T21, the ground plus 10 storied tower comprises of 44 state-of-the-art 3BHK residences that are priced INR 57 lac onwards. The ground plus 12 storied T29 is made up of 58 spacious 2BHK residences, priced INR 52 lac onwards.

A future ready township situated in Bengaluru’s upcoming hotspot, New Haven offers a variety of options for improving health and wellness, including a fully-equipped gymnasium, swimming pool, skating rink and basketball court. Facilities such as a café, reading room, AV and indoor games room along with the convenience of a retail zone, multi-purpose hall and a crèche make New Haven an ideal abode for first time home buyers seeking modern homes with best-in-class amenities at affordable prices.

Commenting on the launch, Mr. Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Limited said, “Bengaluru’s first green township, New Haven, has received a tremendous response from the working professionals of the city and we’re confident that the two newly launched towers will also be equally appreciated. Upcoming developments around the Tumkur Road, notably the metro station that is in the works currently, make it the best possible choice for first time home buyers who are thinking long-term. Tata Value Homes has always been a consumer-driven entity and we will continue to deliver high-quality projects that suit the requirements of homebuyers across the country.”

With the revenue generated from other towers in New Haven already clocked at Rs. 450 crores, the Company expects the revenue of around Rs. 60 crores from the units in the two towers. Post the successful launch and handover of possession of the already existing 26 towers in New Haven, tower T21 and T29 have already received RERA approval; becoming ready to move-in by May 2021. Delivery of this project further fortifies the Company’s presence in the region.

New Haven, with a total development area of 1.8 million sq. ft., is the first green township off Tumkur Road – one of the city’s fastest developing corridors. Situated close to the Golden Palms Resort, surrounded by lush green nature and designed by internationally acclaimed architects Callison-USA, homes here are equipped with all modern amenities and let residents live a premium lifestyle in a green location.