Merlin Group to invest Rs 2k cr in Pune

19 Jul 2022 CW Team

The Kolkata-based real estate company Merlin Group plans to invest Rs 2,000 crore in Pune over the next five years. Saket Mohta, Managing Director, Merlin Group, said that the company plans to tap into corporate leasing and commercial portfolios in the area.

The investment would be for both commercial and residential projects that the company plans to undertake in the greater Pune Metropolitan Regional Development Area (PMRDA).

Other than West Bengal, the company also has units in Ahmedabad, Raipur, Chennai, and Colombo. Mohta said the Merlin Group will prefer to develop its own land parcels or enter into joint venture projects, but it will also be open to taking over stalled projects. The company plans to develop projects in Koregaon Park, Wakad, Jambhuwadi, and Baner.

Also read:
Construction work of 4.8 lakh homes gets delayed across 7 cities
Realty investment firm Hines to focus on southern India

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..