JLL India structures ‘largest’land transaction in Kolkata

International property consultancy JLL India on Monday announced the closure of, what it claims to be, the single-largest land transaction recorded in Kolkata till date.

According to a release, JLL India has structured the deal between Tata Value Homes and Square Four Group of Companies for joint development of 25.5 acres of prime residential land at BT Road, Kolkata. The overall yield of this land parcel is estimated at Rs. 3000 crore.

The deal marks the introduction of the first large-scale integrated township condominium development by Tata Value Homes in Kolkata.

Mayank Saksena, MD – Land Services, JLL India said, “The residential project to be developed on this prime land parcel will yield approximately 3,500 budget apartments. It has about 15 acres reserved for open spaces and will feature a large club house with all modern amenities.”