Dutt said the company currently has nearly 100 per cent leased portfolio of 6.2 million square feet, which is likely to be 20 million from existing land banks owned by TRIL. In addition to this, the company has signed a few term sheets that would allow us another 14 mn sq feet. The overall portfolio of the Tata Group company has more residential properties and the commercial segment accounts for 30 per cent of its total portfolio.
Dutt said it wants to balance the asset diversification and expects to increase the share of commercial portfolio to 60-70 pc of the total projects soon. “We already have a very large residential portfolio, so it makes sense for us to increase the commercial segment also. Earlier as it was skewed towards residential, we want to balance the business. So our focus is to grow commercial,” he said.