Tata Realty and Infrastructure Ltd (TRIL), the real estate arm of the Tata Group, acquired a 25.3-acre land parcel in Bengaluru’s Doddanekundi near Whitefield in August 2023 for over Rs 986 crore. This deal, executed through TRIL’s wholly-owned subsidiaries TRIL Bengaluru Real Estate Five Ltd and TRIL Bengaluru Real Estate Six Ltd, marked one of the costliest land transactions in the area at nearly Rs 40 crore per acre. The seller was Graphite India Ltd, with definitive documents signed around August 7, 2023, and registration pending shortly after.​

Deal Location and Value

The land sits in Doddanekundi Village, KR Puram Hobli, adjacent to Bengaluru’s IT corridor in Whitefield, where prevailing rates ranged Rs 25-30 crore per acre. Experts highlight its prime positioning for commercial or mixed-use development amid rising demand. This acquisition valued the plot significantly higher, signaling strong investor confidence in the locality.​

Transaction Details

TRIL purchased from Graphite India via its subsidiaries, with the deal disclosed in a regulatory filing on August 8, 2023. Binding documents were executed by August 7, with full registration expected soon. No immediate development plans were specified, but it aligns with TRIL’s push for 5 million sq ft of office space in Bengaluru, including IT parks in Hebbal and Whitefield.​

Market Context

India saw 87 land deals totaling 1,862 acres in FY23, up 50% in count from FY22, with many in top cities like Bengaluru for residential, commercial, and industrial uses. Large developers like TRIL benefit from liquidity and execution strength, accelerating consolidations. Bengaluru’s northeast corridor remains hot due to IT proximity, boosting such high-value buys.​

  Tata Realty, Tata Realty buys 25 acre land parcel in bengaluru