Tata Realty and Actis Lays The Foundation of Ghansoli’s New Future – To Invest INR 5000 Cr in Upcoming IT Park; Shri Subhash Desai Inaugurates Intellion Park Navi Mumbai

Spread across 47.1 acres, with a development potential of over 7 million square feet, Intellion Park Navi Mumbai is slated to be the next IT and Data Centre hub in Navi Mumbai

Navi Mumbai, December 2021: With a vision to revamp the IT development in the Navi Mumbai region, Tata Realty and Infrastructure Ltd- a 100% subsidiary of Tata Sons Private Ltd. today announced the commencement of work of its IT Park Project ,  Intellion Park located in Ghansoli, Navi Mumbai, which is being developed in partnership with Actis. Maharashtra’s Cabinet Minister for Industries, Mr. 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 will see an investment of over INR 5,000 crores and create over 70,000 jobs.

Intellion Park, Navi Mumbai is an integrated full-fledged campus with IT buildings, Commercial buildings, Data Centre development as well as High street retail.  As one of the fastest-growing suburbs in Navi Mumbai, Intellion Park is located opposite the Ghansoli station, with dual access to the property via the Thane-Belapur Road and Central Road.  Spread across 47.1 acres, with a development potential of over 7 million square feet of leasable area, Intellion Park Navi Mumbai is slated to be the next preferred IT destination for corporates. The project is designed keeping in mind the health and wellness, along with work-life balance to enhance the productivity of employees.

Mr Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Ltd, said, “Tata Realty is committed to redefining the office spaces to provide best working experience, Intellion Park is a symbol of the company’s commitment to the wellness of working professionals. With Intellion Park Ghansoli, we would be creating more than 70, 000 working opportunities for individuals in the region. The idea is to create a campus that works for the employees and is equipped with state of the art facilities that elevate the entire working experience”. Through our overall portfolio we have created and are creating employment opportunities for more than 2, 00,000 people”.

He further adds, “It is our honor that Mr Subhash Desai was able to preside over the Bhumi Pujan for Intellion Park, Navi Mumbai. Under his able leadership Maharashtra would play a significant role in India’s growth story.”

Mr. Ashish Singh, Partner, Actis India mentioned “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”.

Mr Abhijeet Maheshwari, Senior Vice President and Business Head, Tata Realty and Infrastructure Limited said “The project will bring together IT, Commercial, Data Centre and High street retail to provide an integrated facility for tenants as well as employees. Our aim will be to create new benchmarks for design led integrated developments which are made keeping customers at the center and are at the forefront of sustainable developments.”

After established commercial office markets such as Pune, Bengaluru, and Gurugram, Navi Mumbai is becoming the most sought-after location for corporates and developers to create office and industrial parks. Intellion Park Navi Mumbai will expedite the growth of the region. TRIL  portfolio would become 10million sq.ft in the next 3 years and will secure approximately 45 million sq.ft by 2027.

About Tata Realty and Infrastructure Limited: Tata Realty and Infrastructure Limited is a 100% subsidiary of Tata Sons and one of the leading real estate development companies in India with an extensive portfolio of over 50 projects across 15 cities. With an agenda of dispensing intelligent, collaborative and dynamic projects, Tata Realty has developed over 15 mn. sq. ft. of commercial projects and has ~12 mn. sq. ft. of projects under development & planning.

Keeping with the Tata philosophy of leadership in sectors of national economic significance, Tata Realty and Infrastructure Ltd was set up to identify the most promising opportunities for growth in the Indian real estate and infrastructure arena. TRIL is currently focused on long term infrastructure projects of national significance, as well as mixed use projects in the real estate sector.  As is with all Tata companies, selection of projects is a specialized process, with the eventual selection list scoring high not only on business objectives, but also on the guiding Tata values and policies. Tata’s is one of India’s largest conglomerates, with annual revenue of over $100 billion, and 107 operating companies in seven business sectors, employing over 750,000 people worldwide

About Actis:Actis, is a leading global investor in sustainable infrastructure. Actis has raised US $24bn since inception and operates with sustainability at its core. Actis believes Values Drive Value, through deep operational experience, on the ground presence and a value-led approach, Actis delivers competitive returns for its institutional investors and measurable positive impact for the countries, cities and communities in which it invests.

Actis’ Asia real estate business invests across Greater China, India, South Korea and South East Asia, investing with, and providing strategic value to, high-quality operating partners, across diverse property types.

Actis is a signatory to the United Nations backed Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI and the UN Global Compact. The firm has consistently been awarded the highest rating score in the UN Principles for Responsible Investment (PRI) independent assessment.

http://www.act.is