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  Business   Companies  15 Apr 2017  Tata Trusts, Brick Eagle Foundation tie up for housing project

Tata Trusts, Brick Eagle Foundation tie up for housing project

PTI
Published : Apr 15, 2017, 10:46 am IST
Updated : Apr 15, 2017, 10:46 am IST

Tata Trusts says project will provide a critical perspective to understand housing needs of weaker sections.

Tata Group patriarch Ratan Tata.
 Tata Group patriarch Ratan Tata.

New Delhi: Tata Trusts and Brick Eagle Foundation have partnered to design a pilot affordable housing project at Karjat, on the outskirts of Mumbai.

Tata Trusts has offered a grant to Brick Eagle Foundation for extensive research on customer needs, industry best practices and scalable and sustainable construction technologies, a statement said.

 

The project is expected to be completed in two years.

"This project will provide a critical perspective to understand the housing needs of the Economically Weaker Sections (EWS) and Lower Income Group (LIG) population," said Shikha Srivastava, Lead, Urban Poverty Alleviation and Livelihoods portfolio, Tata Trusts.

Kirti Timmanagoudar, founder of Brick Eagle Foundation, said, "Our association with Tata Trusts began about a year ago. Tata Trusts' focus on Habitat is a welcome move as it supports the government's Housing for All objective".

Housing shortage is one of the acute issues with an estimated shortage of 20 million in the LIG/EWS segment in the country.

 

Tags: tata trusts, brick eagle foundation, tata sons, tata housing, housing projects, affordable housing, realty, developers, property, housing for all
Location: India, Delhi, New Delhi