Emami set to develop 40 acre township in Kolkata at Rs 300 cr
Real Estate

Emami set to develop 40 acre township in Kolkata at Rs 300 cr

Emami Realty Ltd will develop a township in 40 acres area in Kolkata at an estimated cost of Rs 300 crore. The company is launching 525 plots for sale in its township project in Bhasa, near Joka in Kolkata.

The CEO and MD of Emami Realty, Nitesh Kumar, said that the company plans to launch a premium bungalow township. They had an old land bank in Kolkata, which they will now use to monetise these land banks.

He said that the company has decided to go ahead with the project despite the Covid-19 pandemic.

The total estimated cost of the township project 'Emami Aastha' is about Rs 300 crore.

He said that the property markets in Kolkata remained resilient during the pandemic.

The ongoing Covid-19 pandemic has created a massive demand for residential plots and standalone homes in township residentials with low-density living. It is bound to boost the investment in plots and development of the city with the highest return on investment, he said.

Emami Realty Ltd, the real estate arm of Emami Ltd, previously announced an investment of about Rs 225 crore to develop an integrated township of 100 acres 'Emami Nature' at Jhansi in UP.

Emami Realty Ltd has its presence in pan India with over 36 million sq ft of development at different levels of planning, construction, and delivery in West Bengal, Uttar Pradesh, Orissa, Tamil Nadu, Andhra Pradesh, Maharashtra and Sri Lanka.

The projects are being executed under various special purpose vehicles (SPVs) and joint ventures (JVs).

The company is one of the leading and fastest-growing personal and healthcare businesses in India. It has a portfolio of some renowned brands in India.

Image Source


Also read: Tata Realty, CPPIB to establish Rs 2,000 cr property platform

Also read: Developers line up housing projects for launch in July

Emami Realty Ltd will develop a township in 40 acres area in Kolkata at an estimated cost of Rs 300 crore. The company is launching 525 plots for sale in its township project in Bhasa, near Joka in Kolkata. The CEO and MD of Emami Realty, Nitesh Kumar, said that the company plans to launch a premium bungalow township. They had an old land bank in Kolkata, which they will now use to monetise these land banks. He said that the company has decided to go ahead with the project despite the Covid-19 pandemic. The total estimated cost of the township project 'Emami Aastha' is about Rs 300 crore. He said that the property markets in Kolkata remained resilient during the pandemic. The ongoing Covid-19 pandemic has created a massive demand for residential plots and standalone homes in township residentials with low-density living. It is bound to boost the investment in plots and development of the city with the highest return on investment, he said. Emami Realty Ltd, the real estate arm of Emami Ltd, previously announced an investment of about Rs 225 crore to develop an integrated township of 100 acres 'Emami Nature' at Jhansi in UP. Emami Realty Ltd has its presence in pan India with over 36 million sq ft of development at different levels of planning, construction, and delivery in West Bengal, Uttar Pradesh, Orissa, Tamil Nadu, Andhra Pradesh, Maharashtra and Sri Lanka. The projects are being executed under various special purpose vehicles (SPVs) and joint ventures (JVs). The company is one of the leading and fastest-growing personal and healthcare businesses in India. It has a portfolio of some renowned brands in India. Image Source Also read: Tata Realty, CPPIB to establish Rs 2,000 cr property platform Also read: Developers line up housing projects for launch in July

Next Story
Infrastructure Urban

Larsen & Toubro Secures Contract from Defence Ministry

The Ministry of Defence, Government of India, has awarded a significant contract to Larsen & Toubro (L&T) for supplying K9 Vajra-T Artillery Platforms to the Indian Army. As per the company's project classification, the contract is valued between Rs 50 billion and Rs 100 billion. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform, is an adaptation of the globally renowned South Korean K9 Thunder howitzer. It has been co-developed by L&T and Hanwha Aerospace to meet the Indian Army's specific operational needs across diverse terrains, including deserts, plains, and..

Next Story
Real Estate

Delhi-NCR Housing Market sees 25% Sales Growth

The Delhi-NCR property market has maintained its momentum during the December quarter, with housing sales and new supply estimated to grow by 25 per cent and 59 per cent, respectively, as reported by PropEquity. Data from the real estate analytics firm suggests that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this year, compared to 10,354 units in the corresponding period of the previous year. New supply in the region is expected to increase significantly, reaching 11,223 units, a 59 per cent rise from 7,072 units in the year-ago quarter..

Next Story
Infrastructure Urban

DDC Approves Five Key Projects Under Kasaragod Development Package

The District Development Committee (DDC) has approved a budget of Rs 100.08 million for five key projects under the Kasaragod Development Package. This funding is part of the Rs 700 million allocated in the State budget for the 2024-25 financial year, with administrative approval formally amended to incorporate these initiatives. The decision was made during a meeting chaired by District Collector K. Inbasekar on Saturday, December 21. The approved projects include Rs 40.99 million for constructing Udayapuram Thungal Road in Kottom Belur grama panchayat and Rs 20.56 million for setting up a ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000