News & Views on Indian Real Estate

Monday, August 18, 2008

TCI to foray into real estate sector

Transport Corporation of India, so far engaged in movement of cargo over land and sea, is planning to venture into the real estate sector with pan-India presence. The company has 200 properties and would develop a number of them for residential and commercial projects. Apart from the foray, TCI also plans to build a number of large warehouses across the country. It already has 7.5 million sq ft of warehousing facility available which it plans to increase to 12.5 million sq ft in the next 2-3 years. It is also looking at opening offices in China, Thailand and in few European countries in the current financial year. The company would also be investing Rs 200 crore in the next two years for purchase of trucks and ships.

vikas bamotra said...

Real estate investment in giving good returns thats the reason most of companies expanding them in real estate market.

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