Amid Pandemic Emami Realty’s New Projects Launches
In the midst of COVID-19 when most developers have postponed new launches, the real estate venture of business conglomerate Emami Group earlier invested Rs 223 crore on a 100-acre township project located in Jhansi in Uttar Pradesh. The company also plans to launch projects in Bhubaneswar and Che
Published -
Sep 17, 2020 6:25 AM
In the midst of COVID-19 when most developers have postponed new launches, the real estate venture of business conglomerate Emami Group earlier invested Rs 223 crore on a 100-acre township project located in Jhansi in Uttar Pradesh. The company also plans to launch projects in Bhubaneswar and Chennai with a total area of approximately 21.5 lakh sq ft. over the next one year and a half. It has already invested an amount of Rs 187 crore for these projects. All these projects were planned before the pandemic and Emami Realty decided not to postpone any of the launches. The integrated township project called Emami Nature at Jhansi will be developed in two phases. The company has launched over 200 plots and villas as part of phase 1. The township has a total built-up area of 48.66 lakh sq ft, of which 27 lakh sq ft in the first phase. The group has launched and delivered projects including South City project (commercial cum residential), Urbana (residential) and Orbit Heights (residential) in Kolkata. Besides, it has projects in Chennai called Emami Tejomaya and Emami Aerocity in Kalapatti, Coimbatore. It is also currently executing a joint venture development in Mumbai called Montana Avante with Sheth Developers in Mulund.
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