Ambuja Neotia and Hiland Group to jointly develop 20 acres of land in Kolkata – ET RealEstate

NEW DELHI: Ambuja Neotia Group and Hiland Group have joined hands to develop 20 acres of land in Kolkata. While the first 10 acres of land is situated along the Golf Course, the other 10 acres of land is near the Calcultta Riverfront.

Two residential projects having development potential of 2 million sq ft each will be constructed.

Bata India was the landlord of both land parcels. ANAROCK Property Consultants‘ land division has helped facilitate the deal of both land parcels, it said in a media release.

Along the golf course, the two groups will develop 12 residential towers (G+13) comprising of approx. 2,000 units in 2 & 3 BHK configurations. The Riverfront project is currently being planned and further project specifications will be announced soon.

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