Emami Realty plans to develop new residential projects in Chennai
Real Estate

Emami Realty plans to develop new residential projects in Chennai

Emami Realty, a subsidiary of the Emami Group, is set to launch two new residential projects in Chennai, covering a combined area of approximately 20 lakh sq ft. These developments are part of the Kolkata-based company’s broader plan to introduce 12 projects, spanning 220 lakh sq ft of residential and commercial spaces, across major Indian cities over the next seven years. The total estimated investment for these ventures in West Bengal, Uttar Pradesh, Tamil Nadu, Odisha, and Jharkhand is projected at Rs 100 billion. Nitesh Kumar, Managing Director and CEO of Emami Realty, shared with BusinessLine that the company is already active in Tamil Nadu, having delivered a project in Chennai three years ago and currently managing an ongoing project in Coimbatore. "We will be launching two more residential projects in Chennai. Construction for these will soon commence," Kumar said. One of the Chennai projects, spanning 8.5 lakh sq ft, is scheduled for completion in 2028, while the second, covering about 11 lakh sq ft, is expected to conclude by the end of 2029. Both are upper-mid housing developments. Additionally, the company holds around 100 acres of land in Hyderabad. "We have not yet decided whether to develop projects in Hyderabad or sell the land," Kumar noted. Of the 12 forthcoming projects, five will be launched outside West Bengal, with all developments leveraging Emami Realty's existing land bank. "These projects have a revenue potential of around Rs 150 billion, with a total investment estimate of Rs 100 billion. Since we already own the land, financing will be limited to construction costs, which will be covered by internal accruals and project sales," Kumar added.

Emami Realty, a subsidiary of the Emami Group, is set to launch two new residential projects in Chennai, covering a combined area of approximately 20 lakh sq ft. These developments are part of the Kolkata-based company’s broader plan to introduce 12 projects, spanning 220 lakh sq ft of residential and commercial spaces, across major Indian cities over the next seven years. The total estimated investment for these ventures in West Bengal, Uttar Pradesh, Tamil Nadu, Odisha, and Jharkhand is projected at Rs 100 billion. Nitesh Kumar, Managing Director and CEO of Emami Realty, shared with BusinessLine that the company is already active in Tamil Nadu, having delivered a project in Chennai three years ago and currently managing an ongoing project in Coimbatore. We will be launching two more residential projects in Chennai. Construction for these will soon commence, Kumar said. One of the Chennai projects, spanning 8.5 lakh sq ft, is scheduled for completion in 2028, while the second, covering about 11 lakh sq ft, is expected to conclude by the end of 2029. Both are upper-mid housing developments. Additionally, the company holds around 100 acres of land in Hyderabad. We have not yet decided whether to develop projects in Hyderabad or sell the land, Kumar noted. Of the 12 forthcoming projects, five will be launched outside West Bengal, with all developments leveraging Emami Realty's existing land bank. These projects have a revenue potential of around Rs 150 billion, with a total investment estimate of Rs 100 billion. Since we already own the land, financing will be limited to construction costs, which will be covered by internal accruals and project sales, Kumar added.

Next Story
Infrastructure Urban

RBI’s 50 bps rate cut energises housing market across segments

The Reserve Bank of India’s decision to reduce the repo rate by 50 basis points to 5.50 per cent, along with a 100 basis point cut in the Cash Reserve Ratio (CRR) to 3 per cent, has drawn widespread acclaim from the real estate sector. Industry leaders view the move as a growth-enabling step to enhance affordability, liquidity, and homebuyer sentiment. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd, said, “This bold move by the apex bank comes at a crucial time when inflation is easing, and the economy requires strong stimulus to sustain growth… This larger r..

Next Story
Technology

Trimble honours Greenbrook as Feature Company of the Month

Trimble has named Greenbrook Engineering its 'Feature Company of the Month' for May 2025, recognising the firm’s pioneering use of construction technology and sustained innovation in steel detailing and structural engineering. Headquartered in India with operations in the US, Greenbrook is among the earliest adopters of Tekla Structures and has grown into a 300-strong team across Bangalore, Chennai, and Nashik. The company delivers complex projects, backed by a robust in-house API team that develops custom tools to support automation and precision in fabrication. Notable deliveries..

Next Story
Technology

Autodesk unveils BIM suite tailored for Indian infrastructure

Autodesk has launched a customised suite of Building Information Modelling (BIM) tools under the 'BIM Package for Viksit Bharat' initiative, aimed at accelerating India's infrastructure growth. Announced at the Autodesk Viksit Bharat Summit in New Delhi, the suite includes locally aligned versions of Autodesk Revit and Civil 3D. These integrate Indian standards, including the Delhi Schedule of Rates (DSR), Indian Road Congress (IRC), MoRTH, and Indian Railways codes, ensuring better design precision and regulatory compliance. Revit's updates will aid architects, engineers, and MEP pr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?