Real Estate Management and Development
Company Overview of Tata Realty and Infrastructure Limited
Tata Realty and Infrastructure Limited operates as a real estate and infrastructure development company in India. It focuses on the development of real estate, internal group assets, available market opportunities, urban infrastructure, airports, special economic zones, bridges, logistics parks, and ports, as well as large scale integrated developments, and retail and commercial projects in the real estate sector. The company was founded in 2007 and is based in Mumbai, India. Tata Realty and Infrastructure Limited operates as a subsidiary of Tata Sons Limited.
10 Veer Nariman Road
Mumbai, 400 001
Founded in 2007
Key Executives for Tata Realty and Infrastructure Limited
Deputy Managing Director and Director
Compensation as of Fiscal Year 2014.
Tata Realty and Infrastructure Limited Key Developments
TRIL Cannot Bid For Chennai Airport
Dec 9 13
Tata Realty and Infrastructure Limited (TRIL) cannot bid for Chennai International Airport because the aviation ministry requires that no related company holds an equity interest that exceeds 5% in an airline firm. "Given the conditions in the RFQ (request for qualification) documents for the bidding process of Chennai airport, TRIL is not eligible to bid for the Chennai airport. The government has spelled out a condition and TRIL is not eligible to bid for the Airports Authority of India controlled airports under the said conditions. So there is no question of challenging it.” said a spokesman for TRIL. A senior airport consultant, requesting anonymity said, “Now, Tata group companies would not be able to bid for any airports in the current format. Globally, in the private sector, airlines are barred from picking up a stake in airports citing conflict of interest. The government's view on this is clear and very much in line with international practices.” Tata group can bid for the airport projects only if it floats a special purpose vehicle in such a way that it is adhering to the civil aviation ministry's norms, he added. However, senior Tata Group executive has ruled out any possibilities of creating a new structure to bid for airport projects. "We have not received any request from Tata group on the Chennai airport issue. Once we get a request, we will certainly examine it," said a senior civil aviation ministry official. A TRIL spokesperson did not offer any comments when asked if his company has sought for waiver of the said conditions.
TRIL Seeks Acquisitions
Oct 22 13
Tata Realty and Infrastructure Limited (TRIL) is seeking acquisitions. TRIL has launched INR 6 billion domestic real estate fund with Tata Asset Management. TRIL is expected to close the fund rising in the next three months. TRIL first fund, an offshore one called TRIF-1, was mostly for development of projects. Its domestic fund could also look at acquiring completed assets, said TRIL managing director Sanjay Ubale.
Chennai And Lucknow Airports Envinced Interests
Sep 21 13
Chaudhary Charan Singh International Airport and Chennai International Airport have evinced interest in bidding from Eleven companies, including International Leasing And Financial Services Ltd. (DSE:ILFSL), Essar Infrastructure Holdings Ltd, Tata Projects Limited, Tata Realty and Infrastructure Limited, GMR Infrastructure Limited (BSE:532754) and Reliance Industries Limited (BSE:500325).
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