Tata Realty launches Rs 600-cr real estate fund

A Rs 600-crore domestic real estate fund has been launched by Tata Realty and Infrastructure (TRIL) with Tata Asset Management. TRIL is the commercial property and infrastructure development arm of Tata Sons. The fund is to invest in income generating assets such as malls, office complexes among others. In the next three months, TRIL is expected to close the fund raising. The company's first fund, an offshore one called TRIF-1, was mostly for development of projects. Its domestic fund could also look at acquiring completed assets, said the company managing director Sanjay Ubale. The Tata company is also exploring options to launch a second offshore fund with one of Tata Group's finance companies, say media reports.