Tata Realty's Office Boom: Portfolio Set to Grow 3X in 7 Years

Tata Realty & Infrastructure (TRIL) has set ambitious goals to expand its office space portfolio to 30 million square feet over the next seven years, marking a significant tripling from its current 10 million square feet. This expansion strategy includes recent acquisitions in Pune and Bengaluru, with further plans to bolster presence in Pune, NCR, and beyond. The move is strategically aligned with the rising demand for flexible workspaces, a burgeoning trend in the real estate sector.

Simultaneously, TRIL is also intensifying its residential development efforts, with approximately 13 million square feet of properties underway across NCR, Mumbai, and Bengaluru. This initiative is expected to yield an estimated revenue potential of around ₹18,000 crore. Notably, the company is gearing up to launch a luxury residential project on Hailey Road in central Delhi and is exploring options for developing 2.5 million square feet on a five-acre plot in Colombo.

Adapting to regulatory changes, TRIL is pursuing denotification of its SEZ properties, as per recent government amendments allowing partial and floor-wise denotification. This strategic move opens up new opportunities for space utilization within SEZs, particularly benefiting IT and ITES firms. TRIL aims to leverage these changes to optimize its portfolio effectively while maintaining a strong focus on Tier-I cities.

News by Rahul Yelligetti