Tata group’s realty firm Tata Housing announced its foray into Sri Lanka with an investment of over US$400 million to develop a township project at Colombo. The project will be developed in partnership with Urban Development Authority of Sri Lanka. The Colombo project is mixed use township.
The project would commence with start of construction of residences for rehabilitation of the current tenants in the first phase and launch of a mix-use development project at Slave Island in Colombo. The Sri Lankan Urban Development Authority have rehabilitated residents of the Slave Island till the time of the completion of the project.