Tatas joint venture with Keventer to widen realty footprint.

Kolkata's real estate market is in for some exciting time. The $100.09-billion-plus Indian conglomerate Tata group has entered into a joint venture with the city-based Keventer Group to expand its real estate footprint across the state.

The 51:49 JV between Tata group's realty arm Tata Housing and Keventer Projects will look at developing a wide gamut of real estate projects in the state after evaluating its business prospects. Incidentally, the agreement does not bind the JV partners from taking up projects independently across country as well.

ET