Emami Realty to invest Rs 100 billlion in 7 years to expand portfolio

02 Dec 2024 CW Team

Kolkata-headquartered Emami Realty, a key segment of the diversified Emami Group, has announced plans to invest Rs 100 billion over the next seven years to expand its real estate portfolio. The company intends to develop approximately 22 million square feet of residential and commercial space in major urban centres across India.

Nitesh Kumar, the Managing Director and CEO of Emami Realty, stated that this expansion initiative is expected to unlock a revenue potential of Rs 150 billion, presenting a significant growth opportunity in the real estate sector. He added that the planned development would consist of 19 million sq ft of residential space and 3 million sq ft of commercial space.

The expansion plans are focused on cities like Mumbai, Chennai, and Kolkata, with additional projects in emerging urban centres such as Bhubaneswar and Jhansi. The upcoming developments will include a mix of residential, commercial, and mixed-use projects, ensuring a balanced and widespread presence across the country. This strategic approach will allow Emami Realty to tap into diverse markets and cater to a broad spectrum of customers.

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