Tata Realty and Infrastructure, real estate development arm of Tata Group, has clocked a revenue growth of over 30% in the financial year 2021-22, over last year’s 120% sales target achievement.
The developer has sold a total of 1,688 units of residential assets across various segments and cities during the year, the company said in a release.
“Our projects, propelled by the new normal and the demand for large spaces, have not only carved out a distinct niche for themselves but have also enabled us to achieve rapid vertical growth. We are now aggressively expanding our footprint across the country,” said Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure.
The company has witnessed an increase in demand for large size apartments and for locations including tourist destinations such as Kasauli, Himachal, and Kerala. During the year, the developer’s projects including Park, Primanti, Serein, 88 East, and Promont were among the best-performing residential assets, the company said.