Emami set to develop 40 acre township in Kolkata at Rs 300 cr
Real Estate

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

Emami Realty Ltd will develop a township in 40 acres area in Kolkata at an estimated cost of Rs 300 crore. The company is launching 525 plots for sale in its township project in Bhasa, near Joka in Kolkata.

The CEO and MD of Emami Realty, Nitesh Kumar, said that the company plans to launch a premium bungalow township. They had an old land bank in Kolkata, which they will now use to monetise these land banks.

He said that the company has decided to go ahead with the project despite the Covid-19 pandemic.

The total estimated cost of the township project 'Emami Aastha' is about Rs 300 crore.

He said that the property markets in Kolkata remained resilient during the pandemic.

The ongoing Covid-19 pandemic has created a massive demand for residential plots and standalone homes in township residentials with low-density living. It is bound to boost the investment in plots and development of the city with the highest return on investment, he said.

Emami Realty Ltd, the real estate arm of Emami Ltd, previously announced an investment of about Rs 225 crore to develop an integrated township of 100 acres 'Emami Nature' at Jhansi in UP.

Emami Realty Ltd has its presence in pan India with over 36 million sq ft of development at different levels of planning, construction, and delivery in West Bengal, Uttar Pradesh, Orissa, Tamil Nadu, Andhra Pradesh, Maharashtra and Sri Lanka.

The projects are being executed under various special purpose vehicles (SPVs) and joint ventures (JVs).

The company is one of the leading and fastest-growing personal and healthcare businesses in India. It has a portfolio of some renowned brands in India.

Image Source


Also read: Tata Realty, CPPIB to establish Rs 2,000 cr property platform

Also read: Developers line up housing projects for launch in July

Emami Realty Ltd will develop a township in 40 acres area in Kolkata at an estimated cost of Rs 300 crore. The company is launching 525 plots for sale in its township project in Bhasa, near Joka in Kolkata. The CEO and MD of Emami Realty, Nitesh Kumar, said that the company plans to launch a premium bungalow township. They had an old land bank in Kolkata, which they will now use to monetise these land banks. He said that the company has decided to go ahead with the project despite the Covid-19 pandemic. The total estimated cost of the township project 'Emami Aastha' is about Rs 300 crore. He said that the property markets in Kolkata remained resilient during the pandemic. The ongoing Covid-19 pandemic has created a massive demand for residential plots and standalone homes in township residentials with low-density living. It is bound to boost the investment in plots and development of the city with the highest return on investment, he said. Emami Realty Ltd, the real estate arm of Emami Ltd, previously announced an investment of about Rs 225 crore to develop an integrated township of 100 acres 'Emami Nature' at Jhansi in UP. Emami Realty Ltd has its presence in pan India with over 36 million sq ft of development at different levels of planning, construction, and delivery in West Bengal, Uttar Pradesh, Orissa, Tamil Nadu, Andhra Pradesh, Maharashtra and Sri Lanka. The projects are being executed under various special purpose vehicles (SPVs) and joint ventures (JVs). The company is one of the leading and fastest-growing personal and healthcare businesses in India. It has a portfolio of some renowned brands in India. Image Source Also read: Tata Realty, CPPIB to establish Rs 2,000 cr property platform Also read: Developers line up housing projects for launch in July

Next Story
Infrastructure Transport

Railways To Add 2,000 Trains, End Waiting Lists

Indian Railways will introduce about 2,000 extra trains a day over the next four years, lifting the daily total to nearly 13,000 services and aiming to provide every traveller with a confirmed berth. According to a senior Railway Ministry official, the enlarged timetable should raise annual passenger capacity from roughly 8 billion to 10 billion and wipe out the 50 million-strong waiting-list that recurs each year.The plan calls for 450 Vande Bharat sets, 200 push-pull formations and a mix of new Mail and Express services. Capacity freed by the Dedicated Freight Corridor, plus continuous track..

Next Story
Infrastructure Transport

Six Ahmedabad Trains Rerouted For 70-Day Station Upgrade

Western Railway will divert six long-distance services from Ahmedabad’s Kalupur station for 70 days while the hub undergoes major redevelopment. From 5 July until 12 September 2025, the following changes will apply:The 12932 Ahmedabad–Mumbai Central AC Double Decker will start from Maninagar at 05.50, the 12655 Ahmedabad–Chennai Navjivan Express will leave Asarva at 21.05, and the 19034 Ahmedabad–Valsad Gujarat Queen will depart Maninagar at 18.20.Arriving trains will also finish elsewhere: the Mumbai Central–Ahmedabad AC Double Decker will terminate at Vatva at 21.20, the Chennai–..

Next Story
Infrastructure Energy

LTTS Wins USD 50 Million Five-Year Sustainability Deal

L&T Technology Services (LTTS), the listed engineering arm of Larsen & Toubro, has secured a five-year framework agreement worth more than USD 50 million to serve as the exclusive global engineering partner for the Sustainability division of one of the world’s leading energy companies.Under the pact LTTS will deliver enterprise data and digital services, encompassing advanced power-management solutions, next-generation cooling, and scalable rack architectures designed to optimise the client’s worldwide network of AI-enabled, low-carbon “energy factories”.Chief Executive and Man..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?