Ambuja Neotia, Hiland Group Jointly Signs 20 Acre Joint Venture Deal in Kolkata

Ambuja Neotia, Hiland Group Jointly Signs 20 Acre Joint Venture Deal in Kolkata

Real estate giants Ambuja Neotia Group and Hiland Group have joined forces to develop a significant luxury housing project in Kolkata. Ambuja Neotia Group and Hiland Group signed a Joint Venture Deal with BATA India for 20 acres of land, The first 10 acres of land is situated along the golf course and another 10 acres is at the riverfront.

Project Highlights:

• Location: Batanagar township, Maheshtala area (20 acres)
• Project Type: Residential housing
• Estimated Area: 2 million sq ft (2 projects – riverfront and golf course)
• Number of Units: Approximately 2,000 units (2 & 3 BHK configurations)
• Project Phases:
  • Golf Course project: 12 residential towers (G+13) – details finalized.
  • Riverfront project: Details and specifications to be announced soon.

Market Timing and Location:

• This project capitalizes on the rising demand for affordable housing in Kolkata after the pandemic lockdowns.
• Maheshtala’s well-developed infrastructure and strategic location on the Hooghly River make it ideal for this venture.

Industry Insights:

• Harshavardhan Neotia, Chairman – Ambuja Neotia Group: This partnership presents an excellent opportunity to cater to the growing need for affordable housing in Kolkata.
• Sumit Dabriwala, Managing Director, Hiland Group: The collaboration with Ambuja Neotia Group and the completion of the Majherhat Bridge position this project for success, offering high-quality living spaces in the heart of South Kolkata.

This collaboration between Ambuja Neotia and Hiland Group signifies a timely response to Kolkata’s housing needs, providing much-needed affordable options in a well-connected location.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in