Tata Realty and Infrastructure Limited (TRIL) is a 100-per cent subsidiary of Tata Sons. In keeping with the Tata Group's philosophy of leadership in economic sectors of national significance, TRIL was set up to serve as the Group's real estate and infrastructure development arm.

Currently estimated at $14 billion, real estate and infrastructure has emerged as a key sector in India's economic growth. Growing at 30 per cent annually, it is India's second-largest employer after agriculture, and supports more than 200 ancillary industries. Slated to touch $102 billion by 2017, as per government estimates, the sector in the next five years requires $330 billion in investments based on the 'public private partnership' (PPP) approach and other funding methods.

TRIL's investment philosophy comprises the following:

• Focus on strategic real estate investments with long-term returns
  Infrastructure projects typically have long gestation and life cycles. Hence an initial focus on real estate projects.
• Work on projects with size, scale and quality worthy of the 'Tata brand'
  Implement large, state-of-the-art projects using the best industry practices and cutting-edge technologies.
• Undertake projects that make a difference
  Undertake projects that make a difference to the local community, provide employment opportunities and create a quantifiable impact at the national level.
• Develop projects in niche areas including infrastructure that have limited competition
  Develop large, challenging and path-breaking projects that do not have too many takers on the development front.
• Execute projects in accordance with Tata Group values
  TRIL's growth and business is directed by Tata Group's core values.

Areas of business
With demand for large commercial spaces and retail malls driving rapid development of available land, TRIL will focus on long-term projects of national significance, as well as short-term projects in real estate. Market opportunities currently under review include infrastructure projects related to airports, urban infrastructure, roads and bridges, etc. An offshore fund of $1 billion is currently being set up to finance these initiatives.

Projects currently under focus:

• Tata Group companies' real estate assets
• Market realty opportunities
• Urban infrastructure
• Airports
• Special economic zones (SEZ)
• Bridges
• Logistics parks

As is the case with all Tata Group companies, selection of projects is a specialised process, with the eventual selection list scoring high not only on business objectives, but also on the guiding Tata values and Group policies.

Contact
Cyrus Engineer
Sales and marketing
Tata Realty and Infrastructure Limited
Elphinstone building, 2nd floor
10 Veer Nariman Road
Fort
Mumbai 400 001
Phone: +91 (22) 6629 4000
Fax: +91 (22) 6610 0520
Email: cengineer@tata.com

Uploaded in July 2007