Merlin Group: Transforming Real Estate with Rs 20,000 Crore Projects and a New Brand Identity
Merlin Group, Kolkata's leading real estate developer, is set to execute projects worth Rs 20,000 crore, aiming to double its revenue in the next 7-8 years. The company also unveiled a new brand identity to mark this significant milestone.
Merlin GroupReal EstateKolkataRevenue GrowthProjectsReal Estate MumbaiOct 28, 2024
Speaking at a press conference, Merlin Group's Managing Director, Saket Mohta, said, “We have been growing steadily for the past 40 years. The group is currently developing 40 million square feet of real estate, which is projected to yield a total sales value of Rs 20,000 crore in the coming 7-8 years.” The company’s current annual revenue stands at about Rs 1,500 crore.
Merlin Group has a rich history of developing luxury residential complexes, commercial spaces, and sustainable townships across multiple cities. Over the last four decades, they have executed a cumulative 20 million square feet of development. Currently, 30 million square feet of this total is under development in Kolkata and nearby areas, with the remaining 10 million square feet spread across other cities like Pune, Chennai, and Bhubaneswar.
Expanding into new markets is a key part of Merlin Group’s growth strategy. “We are focusing on Maharashtra as a major growth area, with Pune and Navi Mumbai as our target locations. We are actively scouting for land parcels there and several projects are already underway in Pune,” added Mohta.
The company is also making significant strides in the hospitality sector. One of their major projects is the eastern region's first World Trade Centre, which is expected to house a five-star property. This ambitious project underscores Merlin Group’s commitment to delivering premium real estate solutions and enhancing the urban landscape.
Chairman of Merlin Group, Sushil Mohta, emphasized the significance of the new brand identity. “As we expand nationally and globally, we remain dedicated to turning dreams into reality. This rebranding is more than just a fresh look; it represents our commitment to excellence and innovation,” he said.
With a robust pipeline of projects and a strong focus on sustainable development, Merlin Group is poised to achieve its ambitious goals and continue its leadership in the real estate sector.
Frequently Asked Questions
What is the current project value of Merlin Group?
Merlin Group is currently executing projects worth Rs 20,000 crore.
What is Merlin Group’s current annual revenue?
Merlin Group’s current annual revenue is about Rs 1,500 crore.
Where is Merlin Group focusing its expansion efforts?
Merlin Group is focusing on Maharashtra, with Pune and Navi Mumbai as major target locations.
What is one of Merlin Group’s major projects in the hospitality sector?
Merlin Group is executing the eastern region's first World Trade Centre project, which is expected to house a five-star property.
What does the new brand identity signify for Merlin Group?
The new brand identity signifies Merlin Group’s commitment to excellence and innovation as it expands nationally and globally.
Related News Articles
Kamala Mills Owner Denied Bail in Cheating Case
Ravi Bhandari, owner of Kamala Mills, has been denied bail by a Mumbai court in a cheating case. The court rejected Bhandari's bail plea, citing the severity of the charges against him.
Mumbai Sees Significant Leap in Global Prime Property Rankings
Mumbai records 13% YoY price rise in prime residences, achieving second-highest annual growth globally in Q2 2024
Rexas Finance Set to Revolutionize Real-World Asset Tokenization: A Price Forecast for 2024-2030
Rexas Finance (RXS) is pioneering real-world asset (RWA) tokenization, bridging traditional finance and blockchain. Analysts predict RXS will outperform Solana (SOL) and Pepe Coin (PEPE) in the next few years.
Bajaj Housing Finance Reports 20.95% Net Profit Growth in Q2 FY25
Bajaj Housing Finance (BHFL) has reported a 20.95% increase in its net consolidated profit for the quarter ended September 30, 2024. The company's financial performance also saw a 26.09% rise in total income.
Millennials and Gen Z Are Redefining the Luxury Real Estate Market in Gurugram
Neeraj K Mishra, Executive Director of Ganga Realty, shares insights on the growing importance of sustainability and smart home technology in luxury real estate projects, particularly in Gurugram. The rise of eco-friendly features and AI-driven efficiency
Maharashtra HSC Exam: Five Students Without Hall Tickets Refused Entry
In a strict adherence to rules, five students attempting the Maharashtra HSC examination were denied entry due to the absence of their hall tickets.