Tata Realty to develop Rs. 20,000 cr projects
The Tata group on Wednesday planned a major push in the realty and infrastructure sectors through group company, Tata Realty & Infrastructure (TRIL), by developing projects worth Rs. 20,000 crore in the next three years. A 100 per cent subsidiary of Tata Sons, TRIL is focussed on developing long-term infrastructure projects and large FDI (foreign direct investment) compliant real estate projects.
IT-ITeS SEZs
On the realty front, TRIL is now developing a 25-acre IT/ITeS SEZ in Chennai. The project — Ramanujam IT City to come up opposite Taramani MTR station, costing about Rs. 3,800 crore — will house a 3-lakh sq. ft. international convention centre, 3-lakh sq. ft. of residential apartments and a 250-key 5-star hotel set up with Indian Hotels. The project will be completed by December 2011.
TRIL is also developing IT SEZs in Ahmedabad (1.4 million sq. ft.) and in Hinjewadi (Pune, 3 million sq. ft.) for group company TCS. It will also develop the third IT SEZ for TCS in Kolkata.
More : hindu.com