Tata Housing buys 20 acres land in Bangalore for new projects.

Tata Group realty firm Tata Housing has entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore for 120 crores.

'The agreement with Alstom T&D India was a part of the expansion strategy of the company,' the company said in a statement.

Tata Housing is a subsidiary of Tata Sons, which holds 99.86 per cent stake in the realty firm. It has 70 million sq. ft. of area under various stages of planning and execution and an additional 19 million sq. ft. in the pipeline.

Commenting on the agreement, Tata Housing spokesperson said, 'As part of our long term strategy, we are looking at expanding our presence in the fast growing city of Bangalore'.

The Financial Express