By JAMES KARIUKIMore by this AuthorListed Indian firm Tata Housing Development Company has announced plans to raise Sh15 billion for residential and commercial properties in major towns in Kenya, Tanzania and other countries. The firm, part of the Tata Sons associated with billionaire Ratan Tata joins Reliance Industry, owned by India’s richest man Mukesh Ambani, in the Kenya real estate space. In a statement, Tata Housing said it has inked a deal with the 30-year old Indian National Housing Bank and an unnamed real estate firm to venture into international projects starting with Kenya and Tanzania. Mr Barnarjee said the two projects, which target middle-income earners, will retail at between Sh7.5 million to Sh10 million each. Starting with Kenya and Tanzania, we will cater to the mid-income segments and fulfil their demand for superior quality housing,” he said.

Source: Daily Nation April 20, 2017 07:18 UTC