Tata Realty to execute Rs30,000 cr projects over next 5 yrs

Tata Realty to execute Rs30,000 cr projects over next 5 yrs

Chennai: Tata Realty and Infrastructure Ltd (TRIL), a wholly-owned subsidiary of Tata Sons, would execute projects worth Rs30,000 crore in the country over the next five years, a top company official said here today.

In the real estate segment, the company, established in March 2007, has projects worth Rs8,000 crore for setting up residential apartments and special economic zones in cities such as Chennai and Nagpur, TRIL managing director and CEO Sanjay G Ubale told reporters here.

The company was developing its Ramanujan IT SEZ in Chennai at an investment of Rs3,500 crore. The total size of the SEZ would be 4.5 million square feet. Of the total 35 lakh square feet is allocated to commercial space. Besides, the company would have 100 units of serviced apartments and 100 units of residential apartments, he said.

TRIL was also mulling developing a 7 lakh-square feet commercial area in Amritsar at an investment of 400 crore, said Ulabe, who was here to participate in a panel discussion on “Srinivasa Ramanujan Nurturing Genuis" being organised by the company.

“We are also developing a large project in Nagpur, including commercial and residential development on an area of 12 lakh square feet with an investment of 600 crore...also looking for a similar project (12 lakh square feet) in Kochi at an investment of 800 crore," he said.

The company was also involved in three SEZ projects for Tata Consultancy Services (TCS) -- in Pune at an investment of Rs12,000 crore, in Gujarat at a cost of Rs800 crore and a 22 lakh square feet SEZ in Kolkata, he said.