Home News Industry News Tata Realty to sell Goregaon IT Park

    Tata Realty to sell Goregaon IT Park

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    Tata Realty & Infrastructure the infrastructure development arm of the Tata Group plans to  raise Rs 800 crores ($134.53 million) through the sale of its 780,000 sq ft IT park in Mumbai’s Goregaon suburb.

    Tata Realty acquired this IT park from Kotak Realty Fund for Rs 525 crores in March 2011. Tata Realty Initiatives Fund I, Tata’s maiden realty fund, with a corpus of $750 million, is also considering selling four other assets built through this fund.

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