Tatas on a building spree

TRIL is working on three SEZs in Chennai, Ahmedabad and Pune A further Rs 5,000 crore has been allocated for infrastructure projects The company is also working on a Rs 550-crore, seven-acre retail project in Amritsar It is developing the Mumbai-Hyderabad highway as well

Tata Realty and Infrastructure Limited (TRIL) is literally building India, with several new infrastructure projects in its hands. TRIL’S new MD and CEO, former IAS officer Sanjay Ubale can claim some credit for this.

Already in the realty sector, TRIL has begun work on three SEZs—the 25-acre, Rs 3,800-crore Ramanujan IT Park project outside Chennai, Garima Park in Ahmedabad and another at Hinjewadi in Pune. The three SEZs together will accommodate over 40,000 IT professionals, a hotel and retail opportunities.

Major plans for Mumbai include bidding for a metro line and monorail projects

“We have realty investments of Rs 11,000 crore and a further Rs 5,000 crore for infrastructure, planned,” says Ubale. In fact, TRIL has acquired a crucial project—a fork intersection of three national highways.

Work is about to begin on a 110-km road project (including a bypass) that connects Pune to Solapur on NH 9. Another project, the Mumbai-Hyderabad highway, will have fourlanes and cost Rs 1,385 crore.

Ubale also wants to implement his vision of transforming Mumbai into a world-class city. TRIL is considering bidding for Mumbai’s third metro line and monorail projects, as well as to develop three airports in Maharashtra. “In partnerships with Changi Airports India, Atlanta S.p.A., and Grandi Stazioni, TRIL aims to create value of Rs 10,000 crore over the next three years,” he says.

—Anamika Butalia