Formed in 1984, Tata Housing Development Company, a subsidiary of Tata Sons holding company, develops residential, commercial and retail properties; employs 650 people; and currently has 5.1 million m2 at various stages of planning and construction. The company is involved in all consumer segments, from value housing to luxury homes, and invests in research and development to develop business models for low-cost housing. It aims to deliver quality construction through ethical business practices.