+
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

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?