Tata Realty buys 100% equity share of Actis in Intellion Square

03 Sep 2021 CW Team

Tata Realty & Infrastructure (TRIL) has obtained the entire equity share of Actis TREIT Holdings Number 2, based in Singapore and 416 Listed NCDs held by Actis TREIT Holdings No. 1 also based in Singapore in TRIL IT4 in an all-cash deal. It is now called Intellion Square, located in Mumbai.

A securities purchase agreement was made between all the parties. TRIL IT4 is part of the joint venture between Tata Realty and Actis. It develops and invests in new generation offices in established commercial markets across major cities of India.

Currently, TRIL owns 100% stake in TRIL IT4 after the transaction, owning and operating an IT building in Malad. TRIL IT4 is a completed IT building that is 0.8 million sq ft, rented out to tenants mainly from the technology & BFSI sectors, and it claims to have an occupancy of around 90%.

MD & CEO of TRIL, Sanjay Dutt, told the media that the deal is in line with their endeavour and expansion strategy for their commercial portfolio, and TRIL has demonstrated its capability to create shareholder value for pre-eminent investors partners with this successful exit.

This is the second office exit transaction Actis has made during the Covid-19 pandemic. Actis has completed another exit in Seoul, Korea, the previous year.

Image Source

Infrastructure Transport

08 Oct 2025

GMLR’s First Flyover To Open By May 2026, Says BMC

The Brihanmumbai Municipal Corporation (BMC) has announced that the first flyover of the Goregaon–Mulund Link Road (GMLR) project will be ready for use by May 2026.The GMLR, one of Mumbai’s most ambitious infrastructure ventures, involves a 12.2-kilometre corridor comprising tunnels, flyovers, and interchanges, built at an estimated cost of Rs 140 billion. The project aims to provide a seamless connection between Mumbai’s western and eastern suburbs, drastically reducing travel time and congestion.The first phase features a 1.2-kilometre flyover, beginning near Dindoshi Court and extendi..

Assam Awaits Nod For Rs 60 Billion Brahmaputra Tunnel

Assam’s ambitious Rs 60 billion underwater tunnel project, India’s first to be built beneath a major river, is awaiting Union Cabinet approval, according to a report by The Times of India. The proposed tunnel will connect Numaligarh and Gohpur under the Brahmaputra River, significantly improving road connectivity and strengthening strategic infrastructure near Arunachal Pradesh, which borders China.Estimated to take five years to complete, the project marks a major milestone in India’s transport and defence infrastructure planning. “The Detailed Project Report (DPR) is ready and will s..

Kochi Set To Commission South India’s First Hydrogen Station

Kerala is gearing up to embrace the fuel of the future — green hydrogen, with South India’s first green hydrogen plant and refuelling station nearing commissioning on the Cochin International Airport (CIAL) premises. The project marks a major milestone in India’s clean energy transition and could soon power the Kochi Water Metro and selected e-feeder services of the Kochi Metro.The project is being implemented by Bharat Petroleum Corporation Limited (BPCL) in collaboration with CIAL, featuring a 1,000-kilowatt facility at Nedumbassery. BPCL has also finalised plans for a second hydrogen ..