Emami Realty to Launch Two New Residential Projects in Chennai.

Emami Realty, part of the Kolkata-based Emami Group, is set to develop two new residential projects in Chennai, covering a total area of approximately 20 lakh square feet. These two projects are part of the company’s broader plan to launch 12 residential and commercial developments, totaling around 220 lakh square feet, over the next seven years across major cities in India.

The total estimated investment for these proposed projects, which will be spread across West Bengal, Uttar Pradesh, Tamil Nadu, Odisha, and Jharkhand, is approximately ₹10,000 crore.

Nitesh Kumar, Managing Director and CEO of Emami Realty, highlighted the company's growing presence in Tamil Nadu, with a previous project delivered in Chennai three years ago and an ongoing project in Coimbatore. The two upcoming residential projects in Chennai will focus on upper-mid housing and are slated for completion by 2028 and 2029, respectively. The first project will span 8.5 lakh square feet and is set to be finished by 2028, while the second will cover 11 lakh square feet and is expected to be completed by the end of 2029.

Additionally, Emami Realty holds approximately 100 acres of land in Hyderabad, though the company has not yet decided whether to develop projects there or sell the land.

Out of the 12 projects planned, five will be launched outside West Bengal, and all will be developed on the company's own land. These new projects are expected to generate total revenue of around ₹15,000 crore, with an estimated investment of ₹10,000 crore, which will be financed through internal accruals and the sale of completed projects.

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