Emami Realty to Develop Rs 300 Cr Township in Kolkata
Emami Realty Ltd will develop a 40-acre township in Kolkata at an estimated project cost of Rs 300 crore. The company is launching 525 plots for sale in this township project, located at Bhasa, near Joka in Kolkata. “We are planning to launch a premium bungalow township. We had an old land bank in the city and now we are going to monetise these land banks," Emami Realty, MD and CEO, Nitesh Kumar told. The company has decided to go ahead with the planned launch despite the COVID-19 pandemic, he added. The total project cost of the township 'Emami Aastha' is estimated to be about Rs 300 crore. Kumar said, "The Kolkata property market has remained resilient during the pandemic. The ongoing pandemic has created a massive demand for residential plots and standalone homes in theme-based residential townships with low-density living. This trend is bound to boost the investment in plotted development in the city with the highest return on investment," he added.
Tags : News/Views residential Real Estate Housing Investment Kolkata Property Nitesh Kumar Township Emami Realty Develop Emami Aastha