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.
Related News Articles
Goa's Realty Rush: A Paradise for Investors, A Concern for Locals
Goa's property market is booming, with luxury homes and premium plots in high demand. But as the state transforms into a hub for real estate investment, locals are expressing concerns over the impact on their way of life.
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Karnataka Bhovi Corporation Scam Accused Dies, Alleges CID Officer Harassment
In a detailed 11-page note, Jeeva S, a 33-year-old accused in the Karnataka Bhovi Corporation scam, alleged mental and physical harassment by a CID officer. The accused was found dead, sparking further investigations into the circumstances of his death. |
Indian Corporates Monetizing Non-Core Real Estate Assets
In recent years, Indian corporates have been increasingly leveraging their non-core real estate assets to generate additional revenue and optimize their balance sheets. This trend has gained momentum with the sustained upswing in the property market.
TARC Reports Rs 1,165 Crore Pre-Sales in Q3FY25
TARC, a leading real estate developer, has announced impressive pre-sales of Rs 1,165 crore during the third quarter of FY25. The company's flagship project, TARC Ishva, has been a significant contributor to this achievement, with notable sales of Rs 1,50
Revolutionizing the US Rental Market: Ankit Lodha's LA Empire
India's real estate sector sees a surge in investment, while Ankit Lodha's LA Empire aims to transform the US rental market with innovative solutions.