<div><span style="line-height: 1.4;">In the first Japanese entry into the Indian property market, Tama Home has announced construction of 12-18 projects at an investment of Rs 6,000 crore in partnership with another firm.</span></div><div> </div><div>Tama Home, listed on the Tokyo Stock Exchange, has an annual sales of Rs 10,000 crore and builds 10,000 homes a year, while its partner Singapore-headquartered Developer Group, a 100 per cent FDI company, is engaged in the Indian real estate.</div><div> </div><div>Developer Group is promoted by Japanese investors but managed by Indian professionals.</div><div> </div><div>To start with, Japan's Tama Home and Singapore's Developer Group, will jointly build three housing projects, including two townships, having about 3,500 housing units, in Ludhiana, Visakhapatnam and Chennai.</div><div> </div><div>"India has tremendous potential for growth in housing. We have found a reliable partner in Developer Group to enter into the Indian market. We want to replicate Suzuki story in India," Tama Home President and CEO Yasuhiro Tamaki said.</div><div> </div><div>Tam Home will bring the eathquake-proof technology to the Indian realty market.</div><div> </div><div>Tama Home's entry into India comes a week after Japanese telecom group SoftBank buying a major stake in Snapdeal.com for $627 million.</div><div> </div><div>(PTI)</div>
