Kolkata based Jain Group has announced the launch ofaffordable housing projects across Kolkata, Durgapur , Siliguri in Bengal
and Bhubhaneshwar in Odisha. The projects cover an area of 5 million square
feet at a proposed investment of Rs. 2000 crores.
The announcement follows in the wake of the launch of a
residential project “Dream
Eco City Durgapur in West Bengal . Two more projects are planned for this city,
one by end of this year and the other by the middle of 2014.
Mr Rishi Jain, Executive Director of Jain Group told
reporters that the first phase of the project comprising 800 flats at a cost of
Rs. 400 crores is underway and should be ready in four years’ time. Uniquely
designed, the innovative project uses nature as an inspiration and provides
harmony of environment and buildings. A five star hotel is also proposed inside
the project area, with international tie up. Jain Group is famously associated
with Best Western, the world’s largest hotel chain and it plans about 15 hotels
throughout India
by the end of 2015.
A project by the group in Siliguri costing about Rs. 200
crores is also on the cards with possession expected to be given to buyers by
the end of this year.
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