Emami Realty
Emami Realty has announced plans to start the construction of a 40-acre township in Kolkata at an investment of ₹300 crore located at Bhasa, near Joka in Kolkata. In the new project, the company is launching 525 plots for sale in this township project also known as premium bungalow townships. The company owned big land parcels in the city and now it is going to monetize them. MD and CEO Nitesh Kumar informed that the company has decided to go ahead with the planned launch despite the COVID-19 pandemic. The ongoing pandemic has created a massive demand for residential plots and standalone homes in theme-based residential townships with low-density living. This trend is bound to boost the investment in plotted development in the city with the highest return on investment.