Tatas revamp realty, infra units

Our Bureau Mumbai | Updated on March 01, 2018 Published on March 01, 2018

Tata Sons Chairman N Chandrasekaran   -  Rajeev Bhatt

Sanjay Ubale to head infra operations, Sanjay Dutt named MD of Tata Realty

Tata Sons on Thursday announced the reorganisation of its realty and infrastructure businesses to simplify structures, leverage synergies and scale business rapidly.

The longer cycle businesses of infrastructure development and concessions will be headed by Sanjay Ubale. He has been appointed as Head, Infrastructure and Urban Solutions, Tata Sons, and will report to Banmali Agrawala, President, Infrastructure, Aerospace & Defence, Tata Sons. In addition, Ubale will also work closely with the Group Chairman on State-related policy matters.

Tata’s realty business now will include commercial real estate and housing businesses and will be run as a joint business.

Sanjay Dutt has been appointed the new Managing Director of Tata Realty and Infrastructure. He will also oversee the operations of Tata Housing Development Company.

He is currently CEO, India Operations and Private Funds at Ascendas - Singbridge and will take charge of his new role from April 1.

“The real estate and infrastructure businesses will both continue to grow given the needs of India’s fast-growing economy, and the Tata Group has the resources, skills and scale to make a significant impact. I would like to wish Ubale and Dutt the very best in their new roles and I am confident that they will be able to make a significant impact on the business,” said N Chandrasekaran, Chairman, Tata Sons.

Residential projects

Tata Housing is mainly has focussed on residential projects in cities like Mumbai, Delhi-NCR, Goa and the Maldives among others. It has 70 million sq ft of housing projects in various stages.

Tata Realty’s forte has been large-scale commercial projects, such as roads and highways.

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Published on March 01, 2018
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