Tata Realty and Infrastructure Limited (TRIL) said that it will develop a Rs 3,500 crore IT Special Economic Zone (SEZ) The state-of art commercial and residential ‘Ramanujan IT City’, to be built over 26-acres of land at Taramani area of Chennai, is promoted by TRIL Infopark, a JV between TRIL, TIDCO and Indian Hotels Company. The project’s [...]
Continue reading...Wednesday, September 16, 2009
he revival of fortunes in the real estate sector has encouraged textile companies with huge land banks to foray into property development. Among such companies are textiles major Bombay Dyeing and Century Textiles. To date, most of the textile firms sold their land to developers. Golden Tobacco, manufacturer of the Panama and Chancellor cigarette brands, is also [...]
Continue reading...Friday, July 3, 2009
MUMBAI: After two abortive attempts, National Textile Corporation (NTC) has again put its Finlay Mill land in Parel up for sale with one-third reduction in reserve price. NTC has reduced the reserve price of its 10.3 acres in central Mumbai from Rs 1,065 crore to Rs 708 crore, and is expecting bids from prominent real estate [...]
Continue reading...Tuesday, June 16, 2009
MUMBAI: The Tata group is working on a plan to unlock value from unused land belonging to various group companies by developing them through its two realty subsidiaries, Tata Housing and Tata Realty. According to two persons familiar with the situation, an internal study by the salt-to-telecom conglomerate has identified excess land parcels of 800-1,000 acres across [...]
Continue reading...Thursday, May 28, 2009
Tata Realty and Infrastructure (TRIL), a closely-held unit of Tata Sons, plans to invest Rs 20,000 crore to build special economic zones, roads, ports and other core sector projects in the next three years to take advantage of a stable political environment and revival in the economy, a top company official said. TRIL is planning to [...]
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Tuesday, December 22, 2009
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