Merlin Group to Invest Rs 10,000 Crore in West Bengal’s Real Estate Sector
Merlin Group, a leading real estate developer based in West Bengal, has announced plans to invest over Rs 10,000 crore in the state over the next 7-8 years. This significant investment will cover a wide range of projects, including township development, r
Real EstateInvestmentMerlin GroupWest BengalKolkataReal Estate PuneOct 28, 2024
Mohta revealed that Merlin Group currently holds a land bank of 200 acres across West Bengal, which will be utilized for multiple projects in the coming years. To date, the company has developed 30 million square feet (3 crore square feet) in the state, with an additional 10 million square feet (1 crore square feet) completed or underway in other parts of India. The company’s current annual revenue stands at Rs 1,500 crore, with a target to increase it to Rs 2,600 crore in the near future.
Frequently Asked Questions
How much is Merlin Group planning to invest in West Bengal?
Merlin Group plans to invest over Rs 10,000 crore in West Bengal over the next 7-8 years.
What sectors will Merlin Group's investment cover in West Bengal?
The investment will cover various sectors including township development, residential and commercial real estate, retail, hospitality, and healthcare.
What is the current annual revenue of Merlin Group, and what is their target?
The current annual revenue of Merlin Group is Rs 1,500 crore, with a target to increase it to Rs 2,600 crore in the near future.
What are the new mall projects planned by Merlin Group in Kolkata?
Merlin Group is planning to open two new malls under its Acropolis brand: Acropolis South in Behala and another mall in North Kolkata along BT Road.
What are Merlin Group's expansion plans in Maharashtra?
Merlin Group is currently working on four projects in Pune and plans to be one of the leading real estate players in Pune in the next five years. They are also looking to expand to Navi Mumbai in the next 1-1.5 years.
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