Tata Realty to invest Rs 5000 crore to build an IT park project in Navi Mumbai.
- ByStartupStory | December 20, 2021
Tata Sons’ real estate development subsidiary Tata Realty and Infrastructure Ltd (TRIL) is planning to invest over Rs 5,000 crore to undertake development of a 47.1 acre integrated commercial project, in Navi Mumbai’s Ghansoli locality. The project to be known as Intellion Park will also mark the Tata Group company’s foray into development of data centers.
MD & CEO of Tata Realty and Infrastructure, Sanjay Dutt said in a statement, “Tata Realty is committed to redefining the office spaces to provide best working experience, Intellian Park is a symbol of the company’s commitment to the wellness of working professionals. With Intellian Park Ghansoli, we would be creating more than 70, 000 working opportunities for individuals in the region. Through our overall portfolio we have created and are creating employment opportunities for more than 2 lakh people,’
Leading global institutional investor Actis is its key equity partner for this project. Speaking about the investment Partner of Actis India, Ashish Singh said, “Actis is proud to be associated with this state-of-the-art project, which will not only provide an office destination of choice for tech companies to thrive in, but also be a buzzing social place for their talent, strengthening these companies’ ability to attract and retain top quality talent, an increasingly important competitive advantage”
Maharashtra’s Cabinet Minister for Industries, Subhash Desai, laid the foundation of the project. Intellion Park is set to become Navi Mumbai’s large-scale, campus-style IT/ITeS development that is estimated to create over 70,000 jobs.
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