Tata Realty and Infrastructure Ltd (TRIL) has finalised a definitive agreement to purchase over 38 acres in Bengaluru from Hinduja Group affiliates Gulf Oil Corp and Hinduja Realty Ventures for approximately Rs 2,300 crore. This transaction is the largest in terms of both area and monetary value in Bengaluru, and ranks among the biggest in the nation, according to a report by The Economic Times.
The agreement highlights the enduring confidence of investors in Bengaluru's office sector, which leased upwards of 20 million sq ft of office space in 2025, solidifying its status as one of the premier markets for office space absorption across Asia Pacific, the report mentioned.
“The binding document has been signed. The acquisition shall be undertaken through the company's wholly owned subsidiaries (special purpose vehicles), which shall pay the consideration in tranches upon the execution and registration of the sale deed,” an insider familiar with the situation told ET.
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The property had attracted the attention of several investors due to its size and unambiguous title. The location is projected to be transformed into a premium office-centered campus, aiming at multinational tenants and global capability centers (GCCs) in North Bengaluru, as per the report.
The purchase is in line with TRIL's strategy to expand its commercial office holdings in India's premier cities. The firm has been diligently assembling a portfolio of large-scale office projects, prioritising long-term leasing income and high-quality assets, it said.
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TRIL's Recent Land Acquisitions
In a recent transaction, TRIL purchased 25.3 acres in Bengaluru's Whitefield-Doddanekundi region for approximately Rs 986 crore. With the latest Hinduja purchase, the company is hastening its efforts to create integrated office parks.
TRIL is projected to be mapping out a more extensive development pipeline of nearly 5 million sq ft in Bengaluru, supported by investments nearing Rs 4,000 crore. The emphasis remains on premium campuses designed for GCCs, tech companies, and financial services tenants.
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