Tata Realty, CPPIB to establish Rs 2,000 cr property platform
Real Estate

Tata Realty, CPPIB to establish Rs 2,000 cr property platform

Canada Pension Plan Investment Board (CPPIB) and Tata Realty and Infrastructure are in advanced talks to establish a 2,000-crore commercial property development platform in India.

CPP Investments, which manages CPPIB's investments, and the Tata Group's company are expected to invest a total of Rs 1,000 crore in this joint development company.

Tata Realty's investment will be in the form of a 49% stake in two of its marquee information technology special economic zones (SEZ) parks to be offered to the proposed platform, whereas CPPIB's contribution will be a direct investment of Rs 1,000 crore.

Intellion Park Chennai, formerly known as Ramanujan IT City, and Intellion Park on Golf Course Extension in Gurugram are expected to be the two SEZs.

The Chennai property is a fully integrated IT city spread across a 25.27-acre campus with 4.5 million sq ft of fully leased office space spread across six towers. The Gurugram property is a new IT SEZ with 3.5 million sq ft of office space spread across six towers on a 25.24-acre site.

Despite the noise around hybrid and work-from-home models in the context of the ongoing Covid-19 pandemic, their proposed alliance indicates an unabated appetite among global institutional investors for office properties in India.

Image Source


Also read: Sundaram Alternatives’s third real estate fund launched

Also read: Saint-Gobain aims Rs 1,000 cr income from housing solutions business

Canada Pension Plan Investment Board (CPPIB) and Tata Realty and Infrastructure are in advanced talks to establish a 2,000-crore commercial property development platform in India. CPP Investments, which manages CPPIB's investments, and the Tata Group's company are expected to invest a total of Rs 1,000 crore in this joint development company. Tata Realty's investment will be in the form of a 49% stake in two of its marquee information technology special economic zones (SEZ) parks to be offered to the proposed platform, whereas CPPIB's contribution will be a direct investment of Rs 1,000 crore. Intellion Park Chennai, formerly known as Ramanujan IT City, and Intellion Park on Golf Course Extension in Gurugram are expected to be the two SEZs. The Chennai property is a fully integrated IT city spread across a 25.27-acre campus with 4.5 million sq ft of fully leased office space spread across six towers. The Gurugram property is a new IT SEZ with 3.5 million sq ft of office space spread across six towers on a 25.24-acre site. Despite the noise around hybrid and work-from-home models in the context of the ongoing Covid-19 pandemic, their proposed alliance indicates an unabated appetite among global institutional investors for office properties in India. Image Source Also read: Sundaram Alternatives’s third real estate fund launched Also read: Saint-Gobain aims Rs 1,000 cr income from housing solutions business

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?