Merlin Group to invest Rs 2k cr in Pune

The Kolkata-based real estate company Merlin Group plans to invest Rs 2,000 crore in Pune over the next five years. Saket Mohta, Managing Director, Merlin Group, said that the company plans to tap into corporate leasing and commercial portfolios in the area.

The investment would be for both commercial and residential projects that the company plans to undertake in the greater Pune Metropolitan Regional Development Area (PMRDA).

Other than West Bengal, the company also has units in Ahmedabad, Raipur, Chennai, and Colombo. Mohta said the Merlin Group will prefer to develop its own land parcels or enter into joint venture projects, but it will also be open to taking over stalled projects. The company plans to develop projects in Koregaon Park, Wakad, Jambhuwadi, and Baner.

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