Tata Realty bets on office space to spur growth
Financial Express Mumbai|April 03, 2024
Targets to raise share of commercial to 70% in its portfolio
RAGHAVENDRA KAMATH

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.

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