Though the biggest corporate developers of road projects, such as Anil Ambani- led Reliance Infrastructure, Madhucon Projects and GMR Infrastructure look to unload controlling stakes in select toll road projects, Tata Realty and Infrastructure (TRIL), the real estate arm of the $100 billion Tata group, is in talks with some of these developers to purchase three constructed toll road projects.
Malaysia-based real estate major, The Selangor State Development Corporation (PKNS) is planning to enter into a deal with Tata Realty and Infrastructure (TRIL) for the launch of an affordable housing project with 1,000 units in Mumbai.
Tata Realty and Infrastructure's (TRIL) Tritvam residential project in Kochi is getting encouraging response from the NRI community, the company said. 20 per cent of the recently launched Iconic Tower at Tritvam project's 68 large 3 and 4 BHK apartments and duplexes had already been sold.
A Rs 600-crore domestic real estate fund has been launched by Tata Realty and Infrastructure (TRIL) with Tata Asset Management. TRIL is the commercial property and infrastructure development arm of Tata Sons. The fund is to invest in income generating assets such as malls, office complexes among others.
Sanjay Ubale, Managing Director, Tata Realty and Infrastructure Ltd (TRIL) is planning big. With the objective to build a larger infrastructure platform, the Tata Sons firm plans to invest up to Rs 10,000 crore over the next few years in light rail urban transport, airports, highways and roads, and ropeway projects.
Manish Kumar Sinha, Joint Secretary (TRU-II), Department of Revenue, Ministry of Finance and Secretary-GoM (Group of Ministers), Real Estate under GST regime, Government of India has suggested that the construction