TRIL scales up commercial realty biz to 45-mn sq ft

Tata Realty and Infrastructure Limited (TRIL) has decided to scale up its commercial portfolio to 45 million square feet over a period of time, said CMD, Sanjay Dutt. Currently, the company commands 20 mn sft of commercial projects at various stages of development and has financial partners who are keen to become co-investors. The real estate player is eyeing both organic and inorganic growth opportunities across realty segments in Benguluru, Pune and Chennai. Over the last few months, Tata Realty has acquired three greenfield projects on outright basis for ₹600 crore, and is also looking at joint development and agreement to fuel its portfolio. The group is realigning operations of Tata Housing and Tata Realty to emerge as a major real estate player and will also grow its residential portfolio along with retail.