Ratan Tata's cup of woes spills over

[Rambob]

Tata Group's plans in Bengal have gone awry, once again.

It's not just Tata Motors, but Tata Housing Development Company's (THDC's) projects, too, have hit a wall.

THDC had spun big real estate plans - a 600-acre IT and residential project in the Bhangore Rajarhat Area Development Authority, on the outskirts of Kolkata.

Not just that, in neighbouring New Town Rajarhat, the company had to settle for 26 acres compared to the original 50 acres for a residential project, at rates higher than that prevailing at that point in time.

The first project got buried on the drawing board.