Merlin Group announces launch of residential township in Rajarhat
Calcutta-based realtor Merlin Group announced the formal launch of a residential township in Rajarhat, promising to add over 6 million square feet of built-up space over the next decade to the city’s landscape.
The 45-acre township is going to be based on the theme of sports. The developer intends to build pitches for football and cricket apart from a swimming pool and indoor sports arena for the residents of 10,000 dwelling units which will come up there.
Infrastructure cost of the project is going to be around Rs 250 crore, Saket Mohta, managing director of Merlin Group, said. Merlin is promising to hand over the first phase of 2,529 units in five years. The builder has priced the 2-BHK and 3-BHK apartments between Rs 29 lakh and Rs 40 lakh.
Mohta said Merlin’s aim was to become a full-fledged real estate company having residential projects in the luxury and affordable segments, office space, mall and industrial parks. However, affordable housing will have the biggest pie.