Vedic Realty to invest Rs. 2,500 cr.

Kolkata - based Vedic Realty Pvt. Ltd. plans to invest nearly Rs. 2,500 crore for setting up an 18-hole golf course, with an integrated IT township. The investment will be through 25 per cent debt and 75 per cent equity.

To be spread across approximately 1,500 acres at Rajarhat New Town in the north eastern fringes of the city, the project, Greentech City, would be home to the third big golf course in the city. The two others include British-era Royal Calcutta Golf Club and Tollygunge Club.

HBL