Tata Realty and Infrastructure (TRIL) is likely to set up an overseas and a domestic fund that will take care of the company’s future expansion plans.

The overseas fund will be of around $500 million (approx. Rs 2,769 crore) while the domestic fund will be of around Rs 300 crore. The overseas fund primarily is from investors such as sovereign funds and pension funds. The domestic fund would be from private equity players, for which the company is holding discussions with players including Tata Group's asset management firm.

The fund will also support the company in its plan to acquire some of the developed retail space for the growth of its retail real estate business. The company is expecting acquisitions to establish presence in around six locations, and major cities including Mumbai, Chennai, Bangalore and Pune and tier II cities including Coimbatore, Mysore and Ahmedabad are in the radar for acquisition.

Further, TRIL is planning to complete an investment of around Rs 3,000 crore in next 24-36 months in the real estate development projects. TRIL's first retail project, a seven lakh sq ft large scale city centre retail mall - Trilium Amritsar – is likely to be ready by February  2013. Another project, a mix of retail and residential real estate development in Nagpur with an investment of around Rs 650 crore is expected to be completely ready by June 2015. A commercial office, services office and retail project in Gurgaon is in planning stage and is expected to complete by December 2015 with an estimated investment of around Rs 1,000 crore.