Merlin Group, Kolkata's largest real estate developer, is undertaking projects valued at INR 20,000 crore, which are projected to double its annual revenue within the next seven to eight years. With a development portfolio encompassing luxury residential complexes and commercial spaces, the group has completed 20 million square feet over four decades and currently has 30 million square feet under development. The group is also venturing into hospitality with the eastern region's first World Trade Centre, expected to feature a five-star property. The recent rebranding signifies the company's commitment to growth and innovation.
Merlin Group, the largest real estate developer in Kolkata, is presently working on projects valued at INR 20,000 crore, which are anticipated to double its annual revenue over the next seven to eight years, as mentioned by a senior official earlier this week. This announcement was made alongside the introduction of the company's new brand identity.
The managing director of Merlin Group, Saket Mohta, noted that the company has experienced steady growth year on year for the past 40 years. He highlighted that the group is currently developing 40 million square feet, which is projected to generate total sales of INR 20,000 crore within the upcoming seven to eight years. He also indicated that Merlin Group's current annual revenue stands at approximately INR 1,500 crore.
Merlin Group, which boasts an extensive portfolio of luxury residential complexes, commercial spaces, and sustainable townships across various cities, has successfully completed a cumulative development of 20 million square feet over the past four decades. At present, 30 million square feet is under development in Kolkata and its surrounding areas, contributing to a total of 40 million square feet in different stages of execution, which also includes cities such as Pune, Chennai, and Bhubaneswar.
Mohta remarked that the company is prioritising Maharashtra as a key growth area, specifically targeting Pune and Navi Mumbai, and is actively seeking land parcels in those locations. He added that several projects are already in progress in Pune. Hospitality is also a significant focus for the group, which is currently working on the eastern region's first World Trade Centre project. This WTC is anticipated to feature a five-star property. Sushil Mohta, Chairman of Merlin Group, commented that as the company expands nationally and globally, it remains committed to transforming dreams into reality. He noted that the rebranding represents more than just a new appearance.
Merlin Group is poised for significant growth as it embarks on ambitious projects that promise to reshape the real estate landscape in Kolkata and beyond. With a robust pipeline of developments and a strategic focus on key markets like Maharashtra, the company is not only reinforcing its position in the residential and commercial sectors but is also making strides in hospitality with the upcoming World Trade Centre project. The recent rebranding further underscores the group's dedication to innovation and its commitment to turning ambitious visions into reality for its stakeholders and customers.
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