Tata, Shapoorji are Building a Strong Portfolio with Real Estate
Tata Realty and Infrastructure, the real estate and infrastructure arm of the Tata group, has a portfolio of 19-20 million square feet (sq ft) of commercial projects, including IT parks and special economic zones, both developed and under construction. The company is eyeing doubling portfolio size in the next four to five years.
Shapoorji-ADIA is also buying 800,000 sq ft commercial complex owned by the Adani Group in the BKC Area of Mumbia and looking at more properties. They also have a five year old partnership with Canada’s CPPIB, which has gone slow on buying assets. Besides, Shapoorji Pallonji Real Estate has over 9 million sq ft of developed assets.
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