Tata Realty to expand commercial portfolio
Buoyed by healthy leasing demand ...
Buoyed by healthy leasing demand, and the traction for data centres, Tata Realty & Infrastructure (TRIL) plans to focus more on the commercial segment and increase the share of commercial assets and take the portfolio to 45 million square feet, said the MD and CEO Sanjay Dutt.
Speaking to IANS, Dutt said the company currently has nearly 100 per cent leased portfolio of 6.2 million square feet, which is likely to be 20 million from existing land banks owned by TRIL. In addition to this, the company has signed a few term sheets that would allow us another 14 million square feet.
Currently, the overall portfolio of the Tata Group company has more residential properties and the commercial segment accounts for 30 percent of its total portfolio. Speaking to IANS, Dutt said that the company wants to balance the asset diversification and expects to increase the share of commercial portfolio to 60-70 per cent of the total projects soon.