Tata Housing In Talks With Macquarie For Rs 2,500 Crore Fund
New Delhi: Realty firm Tata Housing is in the advanced stage of discussions with private equity fund Macquarie to set up a joint platform with a corpus of about Rs 2,500 crore for developing luxury housing projects across major cities. The deal is expected to close this month, sources said. The common platform with Australia-based Macquarie Group would invest in future luxury and premium projects of Tata Housing, they added. When contacted, Tata Housing’s spokesperson declined to comment.
This would be the second such platform for Tata Housing. Tata Housing’s subsidiary Tata Valuer Homes has formed a platform of about $90 million as it targets to develop about 16,800 homes over the next ten years. In May last year, World Bank Group member IFC had announced an investment of $25 million (around 160 crores) to finance affordable projects by Tata Housing. In May this year, UK-based CDC also invested $25 million. Established in 1984, Tata Housing is a subsidiary of Tata Sons, which holds 99.86 percent of the company’s equity share capital.
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