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Tata Housing to invest Rs1,000 crore on projects in Africa

Tata Housing to invest Rs1,000 crore on projects in Africa

Wednesday, April 19, 2017, 7:41 AM

Tata Housing announced plans to expand to the African property market and will invest Rs.1,000 crore to develop two projects in Kenya and Tanzania. The real estate arm of the Tata group plans to raise $200 million through private equity to fund the overseas operations. It recently signed a memorandum of understanding with the National Housing Bank and a private real estate firm.
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