Tata Realty and Infrastructure Limited (TRIL) is the real estate and infrastructure arm of the Tata Group, a 100 percent subsidiary of Tata Sons. A 100 percent subsidiary of Tata Sons Pvt Ltd, founded by the great visionary Jamsetji Nusserwanji, was established in 2007, and Tata Realty and Infrastructure Limited continues to build on this strong foundation and legacy of TATA. Its residential presence in Khandala goes back further than the parent company itself, to Tata Housing, which entered the hill station on Old Khandala Road with the Privé villa development. Tata Housing was formed in 1984 and Tata Realty and Infrastructure Limited in 2007, and the two companies were consolidated in 2018. More recently, Tata Housing Development Company became TRIL's subsidiary in January 2024 and has recorded strong residential sales since. For a buyer evaluating Khandala, this history matters: the villa community on the ground was built under the Tata Housing name, and today sits within the same corporate structure as TRIL's broader national portfolio.
Located amidst the greenery of the Lonavala hills, Privé is an address offering seventy-three contemporary-styled hillside residences. Buyers can choose from 3 BHK, 3.5 BHK and 4 BHK villas with sizes ranging from 3,900 square foot to 9,700 square foot. Apartment prices start from Rs. 6.5 Crore onwards. The launch date was January 2011, and the possession status is ready-to-move. Built on a slope, Privé takes advantage of its amphitheatric position to enhance its relationship with nature and frames the wide views of North Point and the Khandala Valley.
The development sits close to the two arteries that define Khandala's accessibility. Khandala is a picturesque hill station with close proximity to the Mumbai-Pune Expressway and Khandala Railway station, which ensures the project's seamless connectivity to Mumbai and Pune. Old Khandala Road also has good connectivity to important local landmarks such as Auxilium Convent, Sanjeevani Medical Foundation and NH 48. On the amenity side, the project includes squash court, table tennis and swimming pool facilities, alongside a clubhouse, party hall, gymnasium and jogging track referenced across listings of the project. Because Privé predates the Real Estate (Regulation and Development) Act, it was completed and handed over before state RERA registration became mandatory, and the project carries no RERA number as a result.
A Khandala buyer is not just acquiring a villa; they are buying into a group-level real estate operation with reach well beyond this one hill station. TRIL has a strong presence across segments in 15 cities, with a cumulative total of 53 projects delivered and under construction, residential spaces of over 20 million sq ft, commercial spaces of around 12 million square feet, and retail spaces of about 1.3 million square feet. The commercial side of the business operates under the Intellion brand, while the group's infrastructure arm has also moved into transport concessions, including winning the bid for the 110-km Udaipur-Chittorgarh four to six laning project and qualifying for the Hinjewadi-Shivajinagar Metro in Pune.
The residential arm has kept up momentum through 2025 as well. Its Varnam project in north Bengaluru, launched in August 2025, achieved over ₹1,000 crore in sales within 60 days, selling 582 apartments and 48 townhouses, while TRIL's commercial portfolio achieved a 5-star GRESB rating in October 2025, and the company is targeting 15-20 per cent topline growth, with plans to triple its office space portfolio over seven years. This scale is the backdrop against which a smaller, low-density hillside project like Privé in Khandala should be read: it is one entry in a much larger and currently active national pipeline rather than an isolated venture.
Khandala is a hill station in the Western Ghats, located at one end of the Bhor Ghat on the road link between the Deccan Plateau and the Konkan Plains. The Duke's Nose trekking spot nearby offers a panoramic view of Khandala and the Bhor Ghat, and the Khandala Railway Station connects the place effectively with adjoining places. This combination of scenery and rail-plus-expressway access is what has historically drawn Mumbai and Pune buyers to the belt, and it is the same combination that made Old Khandala Road a logical site choice for Tata Housing's villa community more than a decade ago.
The wider Lonavala market context helps explain why a Tata-built asset in this micro-market carries weight. Property rates in Lonavala reached ₹12,011 per sq ft in 2025, with average villa pricing extending up to ₹15,000 per sq ft, and over 50% of houses in the market fall into the luxury category, priced above ₹3 crore. Lonavala offers steady annual appreciation in the 8-12% range, with rental yields typically between 3% and 5%, reflecting its status as an established and less volatile market. Villas here are seen as a strong investment because of high rental income potential, weekend demand, and steady appreciation driven by second-home buyers from Mumbai and Pune.
Within that broader Lonavala frame, Khandala itself is being singled out by newer entrants as comparatively early-stage. Khandala is seen as being at a different inflection point from Lonavala, with premium developers beginning to enter the market, infrastructure steadily improving, and land values at a stage where informed buyers can secure long-term appreciation. Tata Housing's decision to build here more than a decade ago, well before that current wave of interest, put a Tata Group asset on Old Khandala Road ahead of the newer supply now following it. Connectivity in the region has also kept improving at the macro level: the Navi Mumbai International Airport at Ulwe, which began domestic operations in December 2025, started its first international service to Abu Dhabi in July 2026, adding a second aviation gateway for the Mumbai Metropolitan Region that indirectly widens the catchment of travellers who can reach the Sahyadri hill stations.
For anyone evaluating a Tata Realty and Infrastructure Limited-linked property in Khandala, the decision rests on two distinct layers: the corporate one, where a Tata Sons subsidiary with a fifteen-city, multi-decade portfolio stands behind the asset, and the locational one, where a hillside villa community with expressway and rail access sits inside a hill station market that is still comparatively early in its price cycle relative to its more commercialised neighbour, Lonavala town itself.
