Tata Realty

Tata Realty and Infrastructure Ltd has taken a Rs 1,280 crore loan from DBS Bank India for a sustainable commercial project in Gurugram, a statement said. DBS Bank India acted as the sole advisor and green loan coordinator for this transaction. A green loan financing intends to fund or refinance projects that provide environmental benefits. The loan facility has been availed by Tata Realty's special purpose vehicle (SPV), which has developed commercial project 'Intellion Park' in Gurugram. This Grade A office campus has 2.1 million sq ft office spaces. The funds are being deployed towards certified green assets that meet globally recognised sustainability benchmarks. Santanu Mitra, Head of Large Corporate Banking, DBS Bank India, said, "Real estate and infrastructure is a key focus for DBS Bank India, and we have supported several innovative, sustainable projects being developed across the country." Sanjay Dutt, CEO of Tata Realty & Infrastructure Ltd said the loan facility ...

Tata Realty has secured a Rs 1,280 crore green loan from DBS Bank India to support the development of Intellion Park in Gurugram

Our portfolio is strategically diversified across three key verticals: residential, commercial real estate, and infrastructure, said TRIL MD and CEO

This financing initiative is part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India

Has over 50 projects across India, Sri Lanka, and the Maldives

Tata Realty and Infrastructure Ltd (TRIL) has bought over 1.02 lakh square metres of land in Bengaluru from Graphite India Ltd for Rs 986 crore. In a regulatory filing earlier this week, Graphite India said that a committee of directors approved a proposal to sell 1,02,349.33 square metres of land in Bengaluru for an aggregate consideration of Rs 986.13 crore to TRIL's two subsidiaries TRIL Bengaluru Real Estate Five Ltd and TRIL Bengaluru Real Estate Six Ltd. The land has been sold, along with the structures standing thereon having an aggregate built-up area of 12,674 square feet, the filing said. The company received the entire consideration on August 7, and the registration process was also completed on the same day. TRIL is a 100 per cent subsidiary of Tata Sons. Graphite India manufactures graphite electrodes as well as carbon and graphite speciality products. It has six plants in India. According to real estate consultant Anarock, real estate developers remained active in la

Tabreed will acquire Intellion Park's existing cooling infrastructure, a 3.5 million square feet IT SEZ development in Gurugram and will undertake greenfield expansion to increase its cooling capacity

Tata Realty on Monday said it has partnered with Tabreed to install cooling infrastructure at its commercial complex in Gurugram, Haryana. Tabreed, a leading global cooling utility player, has signed an agreement with Tata Realty to implement its first Cooling as a Service (CaaS) project in India. This will be implemented in Tata Realty's Intellion Park project, a 3.5-million square feet IT SEZ development in Gurugram. According to a statement, Tabreed will acquire Intellion Park's existing cooling infrastructure and undertake greenfield expansion to increase cooling capacity. Tabreed will invest up to Rs 100 crore in its first project to provide cooling services for a 30-year concession period, a company statement said. "Moving away from the regular market practice wherein real estate developers own and operate their cooling assets through facility management arrangements,...Tabreed will provide long-term, SLA-based cooling services to Intellion Park with well-defined parameters

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