Tata Realty

The development of real estate projects in India is becoming unviable due to high cost of land, capital and construction, along with other economic uncertainties, said Sanjay Dutt, MD & CEO of Tata Realty and Infrastructure Ltd. Dutt, who also heads Tata Housing, said the government as well as judiciary should hold accountable all stakeholders that are involved in approval and development of real estate project to make things easier. Real estate projects are on the verge of becoming unviable, he remarked. When asked about the factors making projects unviable, Dutt pointed out, "Real estate requires a lot of capital in India, first of all to acquire land. In major cities such as NCR, Mumbai and Bengaluru, it (land cost) is almost 50 per cent to 80-85 per cent of the project cost." He mentioned that it takes another 2-3 years in designing the project and getting all regulatory approvals to start construction and marketing activities. Dutt said the cost of capital varies a lot, from

Tata Realty to raise Rs 6,000 cr as fresh debt

Infopark Properties will own 100% of shareholding in TRIL Infopark Ltd which operates the asset Intellion Park, Chennai, spread over an area of 4.6 mn sq ft

Johnson Controls has taken on lease 85,000-square-foot office space in Intellion Park Gurugram, an IT/ITeS SEZ campus

In an interview with PTI, Dutt highlighted that hiring at a large scale is already happening with many sectors bouncing back after the adverse impact of the COVID-19 pandemic

'There is clarity globally that employees need to work in a healthy environment in well-certified buildings'

The pension fund has invested in Byju's, Flipkart, ReNew Power and a number of InvITs. It invested C$128 million in NSE in FY21 and is currently exploring options in pharma and healthcare

Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets. In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Sanjay Dutt said the company has 7 million square feet of rental commercial portfolio, almost all are office assets, and it is making huge investments on expansion. On Saturday, Tata Realty announced an investment of Rs 5,000 crore over the next 7-8 years to develop a 7 million square feet IT park project in Navi Mumbai in partnership with UK-based investment firm Actis. Asked whether the company would at some stage look at floating REIT public issue, Dutt said: "We will. We already have 7 million square feet. So, technically we can do it (REIT) today." "But we are thinking that over the next 2-3 years once we scale up our

It's an all-cash deal; sources said Actis held 26% share in the property whose value is about Rs 1,200 crore

Tata Realty and Infrastructure is investing around Rs 2,000 crore each into residential and commercial projects over the next two years

Tata Realty, the real estate arm of Tata Sons, is also looking to redevelop residential buildings in South Mumbai

Of its 17 residential projects, 13 exceeded their sales targets in FY21

In a Q&A, Sanjay Dutt dwells on the big leasing deals his company has done during the lockdown and the good traction it has seen in housing sales

Falling rates to help; rise in group exposure limits will support large companies

Currently, VRSA has 5.4 million sq ft of properties across Surat, Bengaluru, Chennai, and Punjab.

The duo is doubling the size of the $500-million platform, which it floated in 2015

The firm has portfolio of 2,200 km of road projects, plans to increase this to 5,000 km by FY19

Compared to others in the infrastructure segment, TRIL is a recent player, set up in 2007

In December 2014, M3M India bought 185 acres of land in Gurgaon from Sahara group for Rs 1,211 crore