Citigroup-backed Golden gate properties plans to invest close to Rs.2,000 crore over two years in affordable housing projects, a senior official said. The projects will be funded primarily through customer sales, apart from banks loans to the tune of Rs.500 and equity, Golden Gate managing director K Pratap said. The Bangalore-based developer on Thursday announced plans to start construction on four township projects in Bangalore and Hyderabad, all grouped under the brand name Commune. A Significant portion of each development will comprise low-cost housing units with an area of 995-1122 sq. ft.

Courtesy: - ET Realty dtd:- 29th August 2008

TATA Housing announces its first project in North India; in partnership with Raheja Developers. Raisina Residency is a premium and exclusive residential complex, located at the Golf Course Road Extension, inspired by the theme of art and culture. The master plan, landscaping and buildings have been designed by ‘AEDAS’, which is one of the top five architecture firms globally. The complex is a pre-certified Green Building under the guidance of IGBC (Indian Green Building Council)

Courtesy: - ET Realty dtd:- 29th August 2008