+
Emami Realty to invest in new commercial project in Kolkata
Real Estate

Emami Realty to invest in new commercial project in Kolkata

Emami Realty, the real estate arm of Emami Group, is investing Rs 130 crore to develop a commercial real estate project—Emami Business Bay in Salt Lake City, Sector V, Kolkata.

Nitesh Kumar, MD & CEO of Emami Realty, told the media that they would launch a commercial project at Salt Lake City in Kolkata. The total project price will be around Rs 130 crore. With the pace of corporate vaccination drive picking up speed, they anticipate the resumption of normal office operations getting regularised in the city hence surging the demand for office space market, particularly the smaller ones.

In the past few months, they have observed a rise in enquiries for office space from IT and fintech firms, notably in the Salt Lake, Sector V area of Kolkata. They have observed surging demand from many large firms as they settle into a post-pandemic world.

The firm had recently declared that it would form a 40-acre township at Bhasa, near Joka in Kolkata, at an evaluated project price of Rs 300 crore.

Last year, the firm declared an investment of approximately Rs 225 crore to form a 100-acre integrated township 'Emami Nature' at Jhansi in Uttar Pradesh.

Emami Realty Limited, a part of Emami Group, has a pan India presence with more than 36 million square feet of development at various stages of planning, development, and delivery over Uttar Pradesh, Maharashtra, Andhra Pradesh, Tamil Nadu, Orissa, Maharashtra, and Sri Lanka.

Emami Company is an Indian multinational conglomerate firm having its headquarters in Kolkata, India.

Image Source


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

Emami Realty, the real estate arm of Emami Group, is investing Rs 130 crore to develop a commercial real estate project—Emami Business Bay in Salt Lake City, Sector V, Kolkata. Nitesh Kumar, MD & CEO of Emami Realty, told the media that they would launch a commercial project at Salt Lake City in Kolkata. The total project price will be around Rs 130 crore. With the pace of corporate vaccination drive picking up speed, they anticipate the resumption of normal office operations getting regularised in the city hence surging the demand for office space market, particularly the smaller ones. In the past few months, they have observed a rise in enquiries for office space from IT and fintech firms, notably in the Salt Lake, Sector V area of Kolkata. They have observed surging demand from many large firms as they settle into a post-pandemic world. The firm had recently declared that it would form a 40-acre township at Bhasa, near Joka in Kolkata, at an evaluated project price of Rs 300 crore. Last year, the firm declared an investment of approximately Rs 225 crore to form a 100-acre integrated township 'Emami Nature' at Jhansi in Uttar Pradesh. Emami Realty Limited, a part of Emami Group, has a pan India presence with more than 36 million square feet of development at various stages of planning, development, and delivery over Uttar Pradesh, Maharashtra, Andhra Pradesh, Tamil Nadu, Orissa, Maharashtra, and Sri Lanka. Emami Company is an Indian multinational conglomerate firm having its headquarters in Kolkata, India. Image Source Also read: Emami set to develop 40 acre township in Kolkata at Rs 300 cr

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code