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
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement