AMIDST THE BOOM in residential property sales in the country, Tata Realty & Infrastructure (TRIL) is looking to take share of its commercial properties, branded as "Intellion", to 70% in next three years from 50% now. The company hopes to be a sizeable pan-India commercial developer in three to four years.
MD and CEO Sanjay Dutt, said this was a long-term strategy because commercial properties is a strategic fit.
"Office absorption will sustain at 35 million square feet per annum in the next 10 years in top 7 cities. This way we can earn annuity income every year," said Dutt said.
The company has maintained an average revenue annual growth of 20-24% and is hopeful of maintaining the same in FY25, he said.
Denne historien er fra April 03, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra April 03, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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