TATA'S REALTY CHECK

AFTER BRINGING ITS REAL ESTATE ENTITIES UNDER ONE MANAGEMENT, TATA SONS' REALTY ARM IS CONSOLIDATING ITS POSITION IN THE COUNTRY'S BURGEONING HOUSING AND CONSTRUCTION SECTOR

- ARNAB DUTTA

WHEN TATA REALTY & INFRASTRUCTURE LTD (TRIL) was established in 2007, its primary focus was on commercial real estate. As a 100% subsidiary of Tata Sons, TRIL has undergone a remarkable evolution, emerging as the comprehensive real estate arm of the salt-to-software conglomerate, spanning both commercial and residential markets. Moreover, it has seized opportunities in the burgeoning infrastructure sector across the country. With the disruptive impact of the Covid-19 pandemic waning, the company is gearing up for rapid expansion, aiming to capture the top spots in five to six key Indian markets, drawing upon its expertise garnered from international ventures, and spearheading significant infrastructure projects.

According to Sanjay Dutt, Managing Director & Chief Executive Officer of TRIL, it was while the company was trying to shake off the effects of the pandemic-induced disruptions that the seeds of the future growth were being sowed. “We are now ready to launch 10 million sq. ft of projects between Delhi-NCR, Mumbai and Bengaluru markets. These are over and above our ongoing projects in Bhubaneswar, Pune, Bengaluru and other locations like Bahadurgarh and Sohna in NCR,” he says, adding that together, these projects are expected to fetch the company ₹16,000 crore.