ANAROCK seals yet another land deal

ANAROCK Property Consultants‘ Land Division has announced the successful culmination of yet another land deal for 20 acres at Kolkata’s 262-acre Batanagar township in Maheshtala area.

The joint venture between development management partner Ambuja Neotia Group and Hiland Group includes 10 acres of land along the golf course, and another 10 acres at the Calcutta Riverfront. Bata India Ltd. was the landlord in both instances.

Along the golf course, the two groups will develop 12 residential towers (G+13) comprising approx. 2,000 units in 2 & 3BHK configurations.

Soumendu Chatterjee, Director & City Head – Kolkata, ANAROCK Property Consultants, said, “Coming close on the heels of another major land transaction in Kolkata by ANAROCK, this deal stands further testimony to Kolkata’s rebooted real estate potential.”

Harshavardhan Neotia, Chairman, Ambuja Neotia Group, said, “This association will give us an excellent opportunity to do another sizeable project in the fast-growing affordable housing segment”.