Merlin Group Aims to Double Revenue with 40 Million Sqft Development Projects
Merlin Group, the leading real estate developer in Kolkata, is set to double its annual revenue over the next seven to eight years with a slew of projects valued at INR 20,000 crore. The company is currently developing 40 million square feet of property,
Merlin GroupReal EstateDevelopment ProjectsKolkataRevenue GrowthReal EstateNov 04, 2024
Saket Mohta, the Managing Director of Merlin Group, highlighted the company's steady growth over the past 40 years. He noted that the group is currently developing 40 million square feet of property, which is projected to generate total sales of INR 20,000 crore within the next seven to eight years. Currently, Merlin Group's annual revenue stands at approximately INR 1,500 crore.
Merlin Group has a rich portfolio that includes luxury residential complexes, commercial spaces, and sustainable townships across various cities. Over the past four decades, the company has successfully completed a cumulative development of 20 million square feet. Currently, 30 million square feet of property is under development in Kolkata and its surrounding areas, contributing to a total of 40 million square feet in different stages of execution. This includes projects in cities such as Pune, Chennai, and Bhubaneswar.
Mohta emphasized that the company is prioritizing Maharashtra as a key growth area, particularly focusing on Pune and Navi Mumbai. The group is actively seeking land parcels in these locations and has several projects already in progress in Pune. Hospitality is also a significant focus for Merlin Group, which is currently working on the eastern region's first World Trade Centre project. This WTC is expected to feature a five-star property, further solidifying the company’s commitment to luxury and innovation.
Sushil Mohta, the Chairman of Merlin Group, commented that as the company expands nationally and globally, it remains committed to transforming dreams into reality. The recent rebranding is more than just a new appearance; it represents the group’s dedication to innovation and its commitment to turning ambitious visions into reality for its stakeholders and customers.
Merlin Group is well-positioned for significant growth as it embarks on these ambitious projects. With a robust pipeline of developments and a strategic focus on key markets like Maharashtra, the company is not only reinforcing its position in the residential and commercial sectors but also making strides in hospitality with the upcoming World Trade Centre project. The recent rebranding further underscores the group’s dedication to innovation and its commitment to turning ambitious visions into reality for its stakeholders and customers.
Frequently Asked Questions
What is the value of the projects Merlin Group is currently working on?
Merlin Group is currently working on projects valued at INR 20,000 crore.
How much annual revenue is Merlin Group planning to double over the next seven to eight years?
Merlin Group plans to double its current annual revenue of approximately INR 1,500 crore over the next seven to eight years.
What is the total square footage Merlin Group is currently developing?
Merlin Group is currently developing 40 million square feet of property.
Which cities is Merlin Group focusing on for its key growth areas outside Kolkata?
Merlin Group is focusing on Pune and Navi Mumbai in Maharashtra as key growth areas outside Kolkata.
What significant hospitality project is Merlin Group currently working on?
Merlin Group is currently working on the eastern region's first World Trade Centre project, which is expected to feature a five-star property.
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