Merlin Group's Rs 10,000 Crore Investment in Bengal's Real Estate Sector
Merlin Group is set to invest Rs 10,000 crore in Bengal over the next 7-8 years, focusing on township development, real estate, retail, hospitality, and healthcare.
Real EstateInvestmentMerlin GroupBengalTownship DevelopmentReal EstateOct 28, 2024
Managing director Saket Mohta stated that the group holds a significant land bank of 200 acres across Bengal, which will be utilized for various projects in the coming years. To date, Merlin Group has developed 30 million square feet (3 crore square feet) in the state and an additional 10 million square feet (1 crore square feet) in other parts of India. The company currently generates an annual revenue of Rs 1,500 crore, with a target to increase this to Rs 2,600 crore in the near future.
Frequently Asked Questions
How much is Merlin Group planning to invest in Bengal's real estate sector?
Merlin Group is planning to invest Rs 10,000 crore in Bengal's real estate sector over the next 7-8 years.
What are the key sectors Merlin Group will focus on in Bengal?
The key sectors Merlin Group will focus on in Bengal include township development, residential and commercial real estate, retail, hospitality, and healthcare.
How much land bank does Merlin Group hold in Bengal?
Merlin Group holds a land bank of 200 acres across Bengal.
What new retail projects is Merlin Group planning in Kolkata?
Merlin Group is planning two new malls under the Acropolis brand: Acropolis South in Behala and another mall in North Kolkata along BT Road.
What is Merlin Group's expansion plan beyond Bengal?
Merlin Group is focusing on expanding into Maharashtra, with four projects in Pune and plans to enter Navi Mumbai in the next 1-1.5 years.
Related News Articles
Indian Realty Giants Unload Properties Worth Rs 1.17 Lakh Crore in FY24
Leading real estate companies in India, such as Macrotech Developers and Signature Global, have sold properties worth a staggering Rs 1.17 lakh crore in FY24.
Soaring Demand Drives Up Property Prices in Delhi-NCR and MMR
Average housing prices in Delhi-NCR and Mumbai Metropolitan Region (MMR) have risen by nearly 50% in the last five years, driven by higher demand and infrastructural developments.
Aditya Birla Real Estate: Pune Launch on the Cards, Expanding in Thane and Sarjapur
In a recent post-earnings call, the management of Aditya Birla Real Estate Ltd, formerly known as Century Textiles and Industries Ltd, announced the upcoming launch of a new project in Pune, along with plans to expand in Thane and Sarjapur.
ACRES 2025 Showcases Over 400 Property Projects in Egypt Pavilion
Organised by the Sharjah Chamber of Commerce and Industry (SCCI) in collaboration with the Sharjah Real Estate Registration Department (SRERD), the ACRES 2025 event is set to feature an extensive array of property projects from Egypt, highlighting the cou
The 23-Year Journey: How a UP Man Purchased Dawood Ibrahim’s Mumbai Shop
Hemant Jain took a significant risk in 2001 by purchasing a Mumbai shop linked to Dawood Ibrahim. Despite numerous bureaucratic obstacles, he finally managed to register the property after a grueling 23-year battle.
What Are the Top 20 Expectations for the Budget 2025-26?
As the Union Budget 2025-26 approaches, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1 (Saturday), the real estate industry and other sectors are bracing for significant changes and potential boosts. Here’s a detailed look