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 Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?