Tata Realty and Infrastructure Ltd (TRIL) is targeting an order book of Rs.30,000 crore by 2015, building logistics parks, roads, airports, rapid transport systems,TRIL, a wholly owned subsidiary of Tata Sons, is currently executing around Rs.8,000 crore worth of realty projects all over India.
TRIL would soon set up a logistics park at Guwahati and was in talks with a foreign partner who would bring in the technology.The company has budgeted Rs.1,400 crore for building 14 logistics parks with some cities having multiple parks.TRIL is now executing the Pune-Sholapur road project with an outlay of Rs.1,500 crore.It has floated a subsidiary to execute road projects investing $122.5 million and private equity firm Actis putting in $77.5 million.
Tril target is to do $2 billion worth of road projects in four years time frame.Planning to bid for two greenfield airport projects at Nagpur and Pune, the company will be building a private airport at steel city Jamshedpur.In the area of urban transportation, TRIL is in the process finalising the joint venture partner for mono rail business and would start bidding for projects in Bangalore, Delhi, Mumbai and Ahmedabad,.Seeing the rush from corporates to set up units in SEZs before Dec 2011, TRIL has tweaked its strategy to lease out space to multiple companies at its upcoming Ramanujam IT SEZ here, instead of leasing out to a single player."It is a derisking strategy. As and when a company wants to expand we would provide the needed space. The probability of some tenants expanding operations is higher when their number is higher than hoping on couple of big tenants to expand.
the Rs.3500-crore, 4.5 million square feet project will be completed in three phases. The first phase of 700,000 sq ft will be ready by this December and by next March another facility of similar size will be completed.The project consists of IT SEZ, high end residential apartments and serviced apartments, convention centre and retail complex.
TRIL would soon set up a logistics park at Guwahati and was in talks with a foreign partner who would bring in the technology.The company has budgeted Rs.1,400 crore for building 14 logistics parks with some cities having multiple parks.TRIL is now executing the Pune-Sholapur road project with an outlay of Rs.1,500 crore.It has floated a subsidiary to execute road projects investing $122.5 million and private equity firm Actis putting in $77.5 million.
Tril target is to do $2 billion worth of road projects in four years time frame.Planning to bid for two greenfield airport projects at Nagpur and Pune, the company will be building a private airport at steel city Jamshedpur.In the area of urban transportation, TRIL is in the process finalising the joint venture partner for mono rail business and would start bidding for projects in Bangalore, Delhi, Mumbai and Ahmedabad,.Seeing the rush from corporates to set up units in SEZs before Dec 2011, TRIL has tweaked its strategy to lease out space to multiple companies at its upcoming Ramanujam IT SEZ here, instead of leasing out to a single player."It is a derisking strategy. As and when a company wants to expand we would provide the needed space. The probability of some tenants expanding operations is higher when their number is higher than hoping on couple of big tenants to expand.
the Rs.3500-crore, 4.5 million square feet project will be completed in three phases. The first phase of 700,000 sq ft will be ready by this December and by next March another facility of similar size will be completed.The project consists of IT SEZ, high end residential apartments and serviced apartments, convention centre and retail complex.
