Tata Realty & Infra acquires 25-acre Bengaluru land for Rs 9.86 bn

10 Aug 2023 CW Team

The entity is in the process of acquiring this land parcel from Graphite India. This transaction is being carried out through two wholly-owned subsidiaries, namely TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six.

The transaction's definitive documents were formalised on the preceding, and it is anticipated that the finalisation of the deal's registration will take place in the near future, as indicated by a filing made to regulatory authorities.

The financial assessment of this deal places the value of the land at approximately Rs 400 million per acre. This valuation sets a new record as the most expensive land parcel transaction within this vicinity.

Professionals within the industry hold the belief that the ongoing consolidation of the market, which favours well-established and larger developers, will continue to gain momentum. This preference is attributed to their enhanced capacity to execute projects and their access to liquid assets.

Land transactions have once again started to gather pace, encompassing various deals such as outright acquisitions and collaborative ventures. These activities are centered around prominent property markets such as Mumbai, Pune, Chennai, Hyderabad, and Bengaluru. Many of these deals have either been finalized or are anticipated to conclude shortly.

A land transaction executed by the government in Hyderabad surpassed a value of Rs 1 billion per acre.

The current upward trend in the housing market segment is inspiring a growing number of real estate developers to consider and propose residential projects on land parcels that are either part of their existing land holdings or are currently being procured.

Also read:
Eastern Freight corridor set to commence by year-end
Pune Metro phase 2 proposal gets PMC approval

Tata Realty and Infrastructure (TRIL), which is the real estate development arm of the Tata group, has announced its intention to procure a land parcel that spans 25.3 acres in Doddanekundi, located near the Whitefield area in Bengaluru. This acquisition comes at a substantial cost of more than Rs 9.86 billion. The entity is in the process of acquiring this land parcel from Graphite India. This transaction is being carried out through two wholly-owned subsidiaries, namely TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six. The transaction's definitive documents were formalised on the preceding, and it is anticipated that the finalisation of the deal's registration will take place in the near future, as indicated by a filing made to regulatory authorities. The financial assessment of this deal places the value of the land at approximately Rs 400 million per acre. This valuation sets a new record as the most expensive land parcel transaction within this vicinity. Professionals within the industry hold the belief that the ongoing consolidation of the market, which favours well-established and larger developers, will continue to gain momentum. This preference is attributed to their enhanced capacity to execute projects and their access to liquid assets. Land transactions have once again started to gather pace, encompassing various deals such as outright acquisitions and collaborative ventures. These activities are centered around prominent property markets such as Mumbai, Pune, Chennai, Hyderabad, and Bengaluru. Many of these deals have either been finalized or are anticipated to conclude shortly. A land transaction executed by the government in Hyderabad surpassed a value of Rs 1 billion per acre. The current upward trend in the housing market segment is inspiring a growing number of real estate developers to consider and propose residential projects on land parcels that are either part of their existing land holdings or are currently being procured. Also read: Eastern Freight corridor set to commence by year-endPune Metro phase 2 proposal gets PMC approval

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..