{"id":21884,"date":"2013-07-31T11:21:49","date_gmt":"2013-07-31T05:51:49","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=21884"},"modified":"2020-06-15T03:50:43","modified_gmt":"2020-06-14T22:20:43","slug":"21884-tata-realty-to-sell-its-goregaon-it-park","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/","title":{"rendered":"Tata Realty to Sell Its Goregaon IT Park"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-21885\" alt=\"tata-realty\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/tata-realty.jpg\" width=\"300\" height=\"250\" \/><strong>Mumbai<\/strong>: The infrastructure development arm, Tata Realty &amp; Infrastructure, which belongs to the Tata Group, is to sell its 780,000 sq ft IT Park in Goregaon in Mumbai. Tata Realty had acquired the park in March 2011 from Kotak Realty Fund for Rs 525 crore and is hoping to raise Rs 800 crore from the sale of the park.Tata Realty has an offshore fund called the Tata Realty Initiatives Fund I which has a corpus of $ 750 million. As this fund is about to have its tenure ended in a little over a year&#8217;s time is also looking to exit its assets. The IT Park is the first asset the fund will exit besides the four other assets it has in Chennai (an IT SEZ), Nagpur (a mixed use project) and Amritsar (a mall).96% of the commercial space in the concerned IT Park has been leased to companies like Mphasis (EDS), BNP Paribas, Tata AIG, India First Life Insurance and Accenture. The average rent on the project is Rs 85 per sq ft.The Tata Realty Initiatives Fund I was set up in 2007 and had tenure of 7 years. It served purpose of funding realty and infrastructural projects all over India. It had invested in projects like Ramanujan IT City in Chennai, Capitol Heights, a mixed use project in Nagpur, Tritvam, a luxury residential project in Kochi and Trilium, a retail mall in Amritsar.The interest of realty funds to acquire pre leased assets such as the Goregaon IT Park is a rising trend. Various international funds like Barings Private Equity, Qatar Investment Authorities, Blackstone and IDFC Alternatives have implemented some of the largest space deals in recent times.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The infrastructure development arm, Tata Realty &amp; Infrastructure, which belongs to the Tata Group, is to sell its 780,000 sq ft IT Park in Goregaon in Mumbai. Tata Realty had acquired the park in March 2011 from Kotak Realty Fund for Rs 525 crore and is hoping to raise Rs 800 crore from the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-21884","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tata Realty to Sell Its Goregaon IT Park -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Realty to Sell Its Goregaon IT Park -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: The infrastructure development arm, Tata Realty &amp; Infrastructure, which belongs to the Tata Group, is to sell its 780,000 sq ft IT Park in Goregaon in Mumbai. Tata Realty had acquired the park in March 2011 from Kotak Realty Fund for Rs 525 crore and is hoping to raise Rs 800 crore from the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-31T05:51:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:20:43+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/tata-realty.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/\"},\"author\":{\"name\":\"gayatri\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"headline\":\"Tata Realty to Sell Its Goregaon IT Park\",\"datePublished\":\"2013-07-31T05:51:49+00:00\",\"dateModified\":\"2020-06-14T22:20:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/07\\\/tata-realty.jpg\",\"articleSection\":[\"Realty News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/\",\"name\":\"Tata Realty to Sell Its Goregaon IT Park -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/07\\\/tata-realty.jpg\",\"datePublished\":\"2013-07-31T05:51:49+00:00\",\"dateModified\":\"2020-06-14T22:20:43+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/07\\\/tata-realty.jpg\",\"contentUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/07\\\/tata-realty.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/21884-tata-realty-to-sell-its-goregaon-it-park\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tata Realty to Sell Its Goregaon IT Park\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\",\"name\":\"gayatri\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"caption\":\"gayatri\"},\"description\":\"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/gayatri.subramanian\",\"https:\\\/\\\/x.com\\\/gayatris2106\"],\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/author\\\/gayatri-s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tata Realty to Sell Its Goregaon IT Park -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/","og_locale":"en_US","og_type":"article","og_title":"Tata Realty to Sell Its Goregaon IT Park -","og_description":"Mumbai: The infrastructure development arm, Tata Realty &amp; Infrastructure, which belongs to the Tata Group, is to sell its 780,000 sq ft IT Park in Goregaon in Mumbai. Tata Realty had acquired the park in March 2011 from Kotak Realty Fund for Rs 525 crore and is hoping to raise Rs 800 crore from the [&hellip;]","og_url":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/","article_author":"https:\/\/www.facebook.com\/gayatri.subramanian","article_published_time":"2013-07-31T05:51:49+00:00","article_modified_time":"2020-06-14T22:20:43+00:00","og_image":[{"url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/tata-realty.jpg","type":"","width":"","height":""}],"author":"gayatri","twitter_misc":{"Written by":"gayatri","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#article","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/"},"author":{"name":"gayatri","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"headline":"Tata Realty to Sell Its Goregaon IT Park","datePublished":"2013-07-31T05:51:49+00:00","dateModified":"2020-06-14T22:20:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/"},"wordCount":291,"commentCount":0,"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/tata-realty.jpg","articleSection":["Realty News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/","url":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/","name":"Tata Realty to Sell Its Goregaon IT Park -","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#primaryimage"},"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/tata-realty.jpg","datePublished":"2013-07-31T05:51:49+00:00","dateModified":"2020-06-14T22:20:43+00:00","author":{"@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"breadcrumb":{"@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#primaryimage","url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/tata-realty.jpg","contentUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/tata-realty.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bharatestates.com\/blog\/21884-tata-realty-to-sell-its-goregaon-it-park\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bharatestates.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Tata Realty to Sell Its Goregaon IT Park"}]},{"@type":"WebSite","@id":"https:\/\/www.bharatestates.com\/blog\/#website","url":"https:\/\/www.bharatestates.com\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bharatestates.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc","name":"gayatri","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","caption":"gayatri"},"description":"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!","sameAs":["https:\/\/www.facebook.com\/gayatri.subramanian","https:\/\/x.com\/gayatris2106"],"url":"https:\/\/www.bharatestates.com\/blog\/author\/gayatri-s\/"}]}},"_links":{"self":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/21884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/comments?post=21884"}],"version-history":[{"count":1,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/21884\/revisions"}],"predecessor-version":[{"id":31682,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/21884\/revisions\/31682"}],"wp:attachment":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/media?parent=21884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/categories?post=21884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/tags?post=21884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}