Tata Realty eyes Rs 30,000 cr projects

Tata Realty and Infrastructure Ltd TRIL,a wholly-owned subsidiary of Tata Sons

Tata Realty and Infrastructure Ltd TRIL,a wholly-owned subsidiary of Tata Sons,would execute projects worth Rs 30,000 crore in the country over the next five years,a top company official said here today.

In the real estate segment,the company,established in March 2007,has projects worth Rs 8,000 crore for setting up residential apartments and special economic zones in cities such as Chennai and Nagpur,TRIL Managing Director and CEO Sanjay G Ubale told reporters here.

The company was developing its Ramanujan IT SEZ in Chennai at an investment of Rs 3,500 crore. The total size of the SEZ would be 4.5 million square feet. Of the total 35 lakh square feet is allocated to commercial space. Besides,the company would have 100 units of serviced apartments and 100 units of residential apartments,he said.

TRIL was also mulling developing a 7 lakh-square feet commercial area in Amritsar at an investment of Rs 400 crore,said Ulabe,who was here to participate in a panel discussion on 8220;Srinivasa Ramanujan Nurturing Genuis8221; being organised by the company.

8220;We are also developing a large project in Nagpur,including commercial and residential development on an area of 12 lakh square feet with an investment of Rs 600 crore8230;also looking for a similar project 12 lakh square feet in Kochi at an investment of Rs 800 crore,8221; he said.

The company was also involved in three SEZ projects for Tata Consultancy Services TCS 8212; in Pune at an investment of Rs 12,000 crore,in Gujarat at a cost of Rs 800 crore and a 22 lakh square feet SEZ in Kolkata,he said.

On infrastructure business,the company currently has an order book of Rs 1,500 crore,which Ubale said would reach USD two billion approx Rs 9,400 crore portfolio in four years.

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8220;We are also building a four-lane National Highway project between Pune and Sholapur worth Rs 1,500 crore,8221; he said,adding the company had recently signed a MoU with Actis on road projects.

Commenting on their logistics business,Ulabe said they would set up the country8217;s first Logistics Park in Chennai at an investment of Rs 200 crore.

8220;We are planning to set up a Logistics Park in 14 locations. Initially,they would be coming up in Chennai,Delhi and Kolkata,8221; he said.

Asked on the size of the Park,he said they would have an average size of 25 acres.

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In Logistics business alone the company has planned to invest Rs 1,400 crore across 14 locations,he said.

The company was also planning to enter into urban rail transport system and would participate in the bids coming up for mono rail in Bangalore,Mumbai,Delhi,Ahmedabad.

On their operations on setting up green field airports,he said the company was engaged in a USD two billion project in Navi Mumbai and was also looking at similar projects in Nagpur,Pune and Jamshedpur.