Tata Value Homes And Square Four Group To Jointly Develop Prime 25.5 Acre Land Parcel
Kolkata, February 16, 2015: Leading international property consultancy JLL India today announced the closure of the single-largest land transaction recorded in Kolkata to date. 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 B.T. Road, Kolkata. The overall yield of this land parcel is estimated at Rs. 3000 crore.
This deal marks the introduction of the first large-scale integrated township condominium development by Tata Value Homes in Kolkata, and will help catapult the Kolkata residential market into high growth.
Mayank Saksena, Managing Director – Land Services, JLL India said, “The residential project to be developed on this prime land parcel will yield approximately 3500 budget apartments. It has about 15 acres reserved for open spaces and will feature a large Club House with all modern amenities. In terms of size, this deal supersedes JLL India’s previous benchmark when it facilitated Alchemist Township India Limited’s acquisition of 2 million square feet of land from Highland Group at Kolkata Riverside in 2013.”
The township, which will feature G+19 condominiums, has been designed to add considerable aesthetic charm to the North Kolkata skyline. The plot, which has a frontage of over 600 feet on B.T. Road, will encompass a commercial area on one side while the housing units on the other will enjoy a direct view of Dakkhineshwar Temple and the Hooghly River.
“The East Indian residential real estate market is now increasingly dominated by Kolkata, which is scaling up on large residential focused transactions,” says Mayank Saksena. “With the state GDP at an all-time high of 6.5%, activity in terms of new launches will increase in the year 2015.”
About JLL India
JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over 7500, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.
The firm was named the Best Property Consultancy in India (5 Star Winner) at the International Property Awards – Asia Pacific for 2014-15.
For further information, please visit www.joneslanglasalle.co.in
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First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...
It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.
This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
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Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
Now they are looking forwar..
Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.