Tata Housing plans to come up with 5 signature villas in Delhi.

Realty major Tata Housing plans to develop a super luxury residential project in the heart of national capital comprising 4-5 expensive villas in a price range of Rs. 130-170 crore each.

Tata Housing, the real estate arm of the Tata Group, has decided to develop 4-5 signature villas on the 1-acre bungalow that the company had bought in 2012 on Hailey Road near Connaught Place for about Rs. 250 crore, sources said.

The company plans to launch these 4-5 villas in March-April, each carrying a price tag between Rs. 130 and Rs. 170 crore, which could be one of the most costliest villas offered in the primary market, they added.

Tata Housing is in an advanced stage of talks with designers from France and Italy to craft signature villas in this project, sources said, adding that the tie-up could be with one or more international interior designers.