Tata Realty

Real estate becoming unviable due to high construction cost: Tata Realty MD

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

Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore

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

Tata group's Infopark Properties raises Rs 1,900 cr via zero coupon bonds

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

Tata Realty leases 156,000 sq ft office space to Johnson Controls, PepsiCo

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

'Return to office, large scale hiring to drive office space demand in 2022'

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

Covid ensured that fly-by-night operators vanished: Tata Realty & Infra MD

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

India conducive for FDI, is a critical market for us: CPP Investments CEO

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 looks to launch REIT after 2-3 years

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

Tata Realty buys out Actis in Mumbai IT park for undisclosed sum

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 to invest Rs 4,000 cr in residential, commercial projects

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

Oberoi to Hiranandani, top Mumbai realtors turn to building redevelopment

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

Tata Realty logs 120% of FY21 sales target in residential segment

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

If festive season goes well, we'll cross last year's sales: Tata Realty MD

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

India Inc welcomes RBI's rate cut, says will revive demand in auto, realty

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

Xander-Dutch APG venture buys two Tata Realty malls for Rs 700 crore

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

Tata Realty, Actis look to raise $1 billion for commercial properties

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

Tata Realty plans Rs 3,000 crore InvIT for road projects in 2017

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

Tata Realty & Infrastructure slowing on road acquisitions

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

M3M group to sell Gurgaon IT-SEZ to Tata Realty for Rs 500 cr

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