Reliance now a key player in realty space with Rs 40,000-cr assets

Corporate parks, commercial complexes in Haryana, Maharashtra find takers

With an asset and project value of over Rs 40,000 crore under its belt (according to estimates), Reliance Industries has quietly become a key real estate player with the potential to monetise this portfolio.

According to research by J P Morgan analysts, a stake sale of Reliance’s real estate portfolio would help it raise anything between $1-5 billion and could be one of the triggers for the company’s shares to break out.

Reliance did not respond to questions on its real estate plans.

Its major real estate forays have been undertaken by three subsidiaries and in turn by their subsidiaries.