Tata Housing Development Company which is a subsidiary of Tata Sons Limited have plans of developing housing projects in two states, Punjab and Himachal Pradesh.

MD and CEO Brotin Banerjee told reporters on Wednesday “We have plans to set up two (residential) projects in Punjab and Himachal Pradesh, which will involve an investment of Rs. 1,000 crore,”

About 60 to 65 per cent of their investment (Rs. 1,000 crore) will be made in Punjab and rest in HP. The company will develop affordable homes in Ludhiana, Jalandhar and periphery of Chandigarh.