Emami Realty to launch Projects in Chennai & Bhubaneswar

Emami Realty has decided to launch projects in Bhubaneswar and Chennai over the next one and a half years. It has already invested ₹187 crore for these projects. It earlier invested ₹223 crore on a 100-acre township project located in Jhansi in Uttar Pradesh. MD and CEO, Nitesh Kumar, informed that the new projects will be launched on an area of about 21.5 lakh sq ft. All these projects were planned before the pandemic and the company has decided not to postpone any of the launches. Even during the pandemic, it launched approximately 54 acres as part of phase one of a 100-acre township project at Jhansi and over the past two months they have sold an inventory close to ₹24 crore. The integrated township project called Emami Nature will be developed in two phases. It has launched over 200 plots and villas as part of phase 1. The township has a total built-up area of 48.66 lakh sq ft, of which 27 lakh sq ft is of the first phase. The plots and villas are priced between ₹27 lakh to ₹1.3 crore.