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News & Views on Indian Real Estate

Friday, May 16, 2008

Salarpuria To Develop Projects Worth Rs 1000 Crores

Kolkata-based real estate developer Salarpuria Group will execute projects worth Rs 1,000 crore in West Bengal by 2010. The expansion plans includes setting up a Novotel Hotel, promoted by international hospitality major, Accor Group, at Rajarhat. The investment in the project would be close to Rs 200 crore. Besides this, other major investments of the company includes two IT special economic zones (SEZs) at Bantala 20km south-east of Kolkata, and Kalyani in Nadia district, 40km north-west of Kolkata. The company has already received in-principle nod for the SEZ projects from the Central government. The SEZ in Kalyani would be spread over 250 acre. The construction for the recent Rs 1000 crore project would start within a year. The project is scheduled to be over by the next three to five years and possesses the potential to generate sales worth $3 billion Salarpuria To Develop Projects Worth Rs 1000 Crores

Anonymous said...

Really thats a good news for kolkata people because through this real estate development a real estate level market level is going no boom at a very fast stage every where rates are going to be at high stage.All IT sector and BPO's are going there to be open without any thinkings.

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