Ambuja Neotia and The Phoenix Mills, through its wholly owned subsidiary Market City Resources, have signed an agreement for three large projects that are expected to have a lasting impact on the development of the 262-acre township in Batanagar. While Ambuja Neotia will be involved in the development of two residential projects covering 4 million sq ft across two plots of land of 10 acres each, Calcutta Riverside will be coming up with a shopping centre spread across 4,96,000 sq ft. Market City has entered into property and development management agreements with Calcutta Riverside to assist in supervising the construction, development and running operations of the proposed mall with licenced use of the Phoenix trademark on a non-exclusive basis.
Contact: Ambuja Neotia.
Tel: 033-4040 6060.
E-mail: writetous@ambujaneotia.com
Website: www.ambujaneotia.com
