Tata Realty plans to triple its office space portfolio in 7 years
Real Estate

Tata Realty plans to triple its office space portfolio in 7 years

Tata Realty & Infrastructure (TRIL) plans to expand its office space portfolio to 30 million sq ft over the next seven years, tripling its current size of 10 million sq ft The company has recently acquired two new properties in Pune and Bengaluru, and has also expanded in Pune and NCR. During this period, it intends to further increase its portfolio.

This expansion is driven by the growth of flexible workspace operators, a significant emerging trend for the company. Additionally, TRIL is growing its residential business, with around 13 million sq ft of properties under development across NCR, Mumbai, and Bengaluru, which have an estimated revenue potential of about Rs 180 billion. The company also plans to develop a boutique luxury residential project on Hailey Road in central Delhi. Furthermore, TRIL owns a five-acre plot in Colombo and is considering developing 2.5 million sq ft on this land. The company will maintain its focus on Tier-I cities.

Since a significant portion of its current portfolio is part of special economic zones (SEZs), TRIL is applying for denotification in accordance with recent government regulations, which allow partial and floor-wise denotification. This amendment creates new opportunities for space utilization within SEZs, benefiting IT and ITES firms in particular. According to the Act, TRIL can seek denotification for up to half of its total portfolio.

Tata Realty & Infrastructure (TRIL) plans to expand its office space portfolio to 30 million sq ft over the next seven years, tripling its current size of 10 million sq ft The company has recently acquired two new properties in Pune and Bengaluru, and has also expanded in Pune and NCR. During this period, it intends to further increase its portfolio. This expansion is driven by the growth of flexible workspace operators, a significant emerging trend for the company. Additionally, TRIL is growing its residential business, with around 13 million sq ft of properties under development across NCR, Mumbai, and Bengaluru, which have an estimated revenue potential of about Rs 180 billion. The company also plans to develop a boutique luxury residential project on Hailey Road in central Delhi. Furthermore, TRIL owns a five-acre plot in Colombo and is considering developing 2.5 million sq ft on this land. The company will maintain its focus on Tier-I cities. Since a significant portion of its current portfolio is part of special economic zones (SEZs), TRIL is applying for denotification in accordance with recent government regulations, which allow partial and floor-wise denotification. This amendment creates new opportunities for space utilization within SEZs, benefiting IT and ITES firms in particular. According to the Act, TRIL can seek denotification for up to half of its total portfolio.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000