Expect steady growth of 15-20% in coming years

Tata Realty and Infrastructure, a wholly owned subsidiary of Tata Sons, is targeting 15–20 per cent revenue growth with 26 million square feet (msf) of residential and commercial real estate developments in the near future. Amid its expansion plans, Managing Director and Chief Executive Officer Sanjay Dutt tells Prachi Pisal that the company is banking on prime locations, robust infrastructure, and the Tata brand's reputation. Edited excerpts:

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What does your overall portfolio look like?

Our portfolio is strategically diversified across three key verticals: residential, commercial real estate, and infrastructure.

In the residential segment, we have delivered over 30 msf of built-up space, with an additional 5.7 msf currently under development across major urban centres like the National Capital Region (NCR), Mumbai, and Bengaluru. Beyond this, 14 msf is in the design and approval stages, with launches expected over the next two to three years across various locations in India. Our commercial portfolio is another cornerstone of our business. It features 9.4 msf of completed and leased spaces, complemented by 3.6 msf under active development. Looking ahead, we have ambitious plans to develop an additional 12 msf of commercial assets. In infrastructure, we have developed 350 kilometre (km) of roads and are currently constructing a 23-km Metro line in Pune, linking Hinjewadi and Shivaji Nagar. This Metro project is slated for completion by the end of this calendar year.

What is your current land bank in terms of gross development potential?