Ambuja Realty plans Rs.1,065 crore investment
March 11th, 2010 - 8:03 pm ICT by IANSKolkata, March 11 (IANS) Real estate company Ambuja Realty plans to invest Rs.1,065 crore over the next three to four years on commercial and residential complexes and business parks, the company’s chairman said here Thursday.
“We have plans for three more business parks in Kolkata — two in Salt Lake Sector V and one in Rajarhat,” company chairman Harshavardhan Neotia said after inaugurating first phase of Ecospace business park in New Town.
The three business parks would require an investment of around Rs.295 crore.
Apart from these business parks in the city, the company would also take up commercial and residential complex project in Siliguri in Darjeeling district (Rs.250 crore), Haldia City Centre project (Rs.70 crore) in East Midnapore, commercial complex project in Patna (Rs.300 crore) and Raipur commercial complex project (Rs.150 crore), he said.
Most of the investments would be done through internal accruals, he said.
Talking about the first phase of the Ecospace business park, Neotia said almost 85 percent space of the park is already occupied by various companies.
Corporate houses at Ecospace include Bajaj Allianz, HDFC Bank, Voith, Thyssenkrupp, Indus Towers and Bayer CorpScience.
The second phase of Ecospace would be completed in a year, he said.
- 'Ecospace' business park inaugurated in Kolkata - Sep 24, 2009
- Ambuja Realty to unveil three projects this year despite slowdown - Mar 09, 2009
- Ambuja Realty opens City Centre II in Kolkata - Sep 19, 2009
- Maiden Swiss foray into India's hospitality sector - Sep 09, 2009
- Shree Ganesh jewellery aims to generate 500 MW solar power - Apr 12, 2012
- Tata Realty targets Rs.30,000 crore projects by 2015 - Aug 05, 2010
- Ambuja Realty plans luxury hotels in Darjeeling (Lead) - Jul 27, 2008
- Ambuja Realty plans three hotels in north Bengal - Jul 27, 2008
- Phoenix kicks off Rs.2,000 crore infrastructure projects - Jun 13, 2011
- Shristi Infra to invest Rs.2,000 crore in three states - May 12, 2010
- HDFC to set up hub in eastern India - Feb 10, 2009
- Tatas developing housing projects in nine cities - Feb 03, 2011
- Mamata hosts dinner for industrialists - Oct 18, 2011
- Tata's Kolkata cancer treatment centre inaugurated - May 16, 2011
- Murugappa group plans Rs.1,000 capex in 2012-13 - May 10, 2012
Tags: accruals, allianz, ambuja, bajaj allianz, bayer, business park, business parks, company chairman, complex project, corporate houses, hdfc bank, indus, march 11, midnapore, residential complexes, rs 1, second phase, siliguri, thyssenkrupp, voith