Tata Realty plans $750mn fund

Tata Realty and infrastructure (TRIL), the Tata group's real estate and infrastructure arm, is planning a $750 million real estate fund.

Dinesh Chandiok, managing director, TRIL, said the fund will target long- term investors like pension funds, insurance companies and governments and governmental orgnisations. 

On the prevailing real estate prices, Chandiok said the demand-supply gap in the industry still existed, and realty prices may witness a steady rise.

According to him, the booming stock markets and capital inflows might not have much of an impact on realty investment. "There may be some diversion of funds into the stock market, but the impact on realty investments may not be much," Chandiok said.

TRIL is a 100% subsidiary of Tata Sons focusing on infrastructure projects.