Tata Realty Aims for Rs 11,000 Crore Revenue with Luxury Real Estate Push

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    Tata Realty and Infrastructure Ltd (TRIL) has set its sights on achieving a topline of Rs 11,000 crore in the residential real estate sector over the next four years. With a 70 percent emphasis on premium luxury projects, followed by aspirational affordable and mid-segment offerings, TRIL plans to launch approximately 9 million square feet of residential real estate inventory.

    The major cities of Bengaluru, Mumbai, and Delhi NCR will be the primary focus for these launches. However, TRIL is also expanding its reach internationally with a 36-villa project in the Maldives and a mixed-use project in Sri Lanka currently in the planning stages.

    In Mumbai, the company has plans to introduce two residential projects in the Mulund and Andheri micro-markets. The Mulund project involves redevelopment, while Andheri will be a Greenfield project. Additionally, a new phase will be launched for the Thane project.

    Apart from new launches in Bengaluru, Mumbai, and Delhi NCR, TRIL will also concentrate on unveiling further phases in cities where it already has a presence, including Bhubaneshwar, Noida, Gurugram, Bahadurgarh, and Bengaluru. The average per-square-foot price for these launches is expected to be around Rs 12,000, compared to Rs 6,000 to Rs 7,000 five years ago, which later increased to Rs 10,000 per sq ft.

    TRIL has strategically chosen to focus on two countries, Sri Lanka and the Maldives, due to their proximity to the southern tip of India. These locations offer promising opportunities for the company’s growth and expansion.

    As TRIL sets its ambitious targets, it aims to cater to the diverse needs and preferences of homebuyers in various segments, while also exploring international markets to establish a strong presence and leverage the potential they offer.

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