A leading Kolkata-based real estate developer named Eden Group is all set to develop 7-8 new projects on an area of about 1 million square feet. According to the company these projects willhttp://www.blogger.com/img/blank.gif be launched within the next one year. As per company sources the total investment will come to about Rs 250 crore and these projects will be located in and around Kolkata. The total investment also includes the cost of the land. Company sources also disclosed that the funds for these projects will be collected through internal accruals. The projects will include residential as well as retail space. It is expected that every quarter at least two projects would be launched. The first project is expected to be launched in June. In next one year the company hopes to develop 1,000 units.
Mr. Krishna Modi, director (marketing & legal) of Eden Group while talking about the growth plans of the group said that the group plans to launch 7-8 projects in and around Kolkata within a span of one year. He said that almost 95 per cent of the development will be focused on residential properties and the rest on retail space. Mr. Modi said that since the group happens to be completely debt-free company therefore only internal accruals will be utilized to meet the estimated cost of investment which will be about Rs 250 crore.
Mr. Krishna Modi, director (marketing & legal) of Eden Group while talking about the growth plans of the group said that the group plans to launch 7-8 projects in and around Kolkata within a span of one year. He said that almost 95 per cent of the development will be focused on residential properties and the rest on retail space. Mr. Modi said that since the group happens to be completely debt-free company therefore only internal accruals will be utilized to meet the estimated cost of investment which will be about Rs 250 crore.
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