Tata Housing to develop two luxury residential projects in Maldives

24 Feb 2022 CW Team

Tata Housing announced an investment of around Rs 270 crore to develop two luxury residential projects in the Maldives, including 117 housing units in these projects.

According to a statement, Tata Housing had launched another international project in the Maldives.

Tata Housing entered the Maldives market around a decade ago and has already completed a social housing project in partnership with the Maldives government.

With an investment of around $36 million, Tata Housing will develop two residential projects at Nadhee and Odean in the island country, which will offer 117 units of luxurious three-bedroom apartments in the region.

The residential project is located in Majeedhee Magu City Centre Road, the retail and residential luxury hub of the island country. This project is a public-private partnership (PPP) with the Maldives government.

The company plans to develop these two residential plots of 2.52 lakhs sq ft area and focuses on redefining the quality residences in the region. Both these projects are close to the airport.

CEO and Managing Director of Tata Housing and Tata Realty and Infrastructure Limited, Sanjay Dutt, said that the company would launch the second phase of our projects in the Maldives. Nadhee and Odean will be the pride of Male City and Maldives Citizens. It is a premier residential development project.

The Maldives is a fast-growing island country. However, Male City needs more to meet the needs of Maldives as an economy and the rising standards of its citizens.

Tata Realty and Infrastructure Limited is a subsidiary of Tata Sons, one of the leading real estate developers across India. It has a portfolio of more than 50 projects across 15 cities spanning commercial and residential projects.

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