Tata Housing, the real estate developer arm of Tata Group, has announced it will open an international office in Dubai to meet the growing demand from consumers in the region. Non-resident Indians (NRIs) represent between 15 percent to 20 percent of Tata Housing’s total sales, with that figure expected to rise in the coming years according to Brotin Banerjee, CEO & Managing Director, Tata Housing.
“With the overwhelming response received from the NRI customers, we believe this is the right time for NRI’s to buy their dream homes in India. Currently, NRIs contribute between 15-20 percent of our total sales and this has been increasing in the last few years. We expect this to increase to 25-30 percent in the next 3-4 years,” said Banerjee. He said with half of Tata Housing’s international sales coming from the GCC, the decision was made open the office in Dubai.
Source: Arabian Business