Emami Realty is planning to invest Rs 130 crore to develop a commercial project in Kolkata over the next four years. The company will develop 2.64 lakh sq ft of office and retail area in its new project 'Emami Business Bay' at Salt Lake City in Kolkata. The total project cost will be approximately Rs 130 crore.
The company will sell commercial space in this 1 acre-project but will retain the leasing right for retail spaces. The company will start construction work in September this year and expects to complete it by 2025 end.
Emami Realty, formerly Emami Infrastructure is a holding company engaged in construction and real estate development. The Company's primary business is development of residential, commercial and retail properties through its subsidiaries and associates.
