Kolkata-based realty developer Merlin Group has forayed into Pune property market and is planning to develop projects spread over around 3 million sq ft including both residential and commercial spaces.
The company is looking to invest around Rs. 2,000 crore to develop projects over the next five years. The group plans to develop these projects in Koregaon Park Annexe., Wakad, Baner and Jambhulwadi localities of the city, the company said in a release.
Of the total investment, the company will be infusing around Rs. 120 crore in its first project in Koregaon Park Annexe, a commercial project with 1.5 lakh sq ft development, which is scheduled to be ready by 2025.
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