Merlin Group to invest Rs 8,000 crore over the next 8 years

Merlin Group, with projects across central Calcutta and its outlying suburbs along the Hooghly river, anticipates achieving sales of Rs 20,000 crore over the next 7-8 years, fueled by a robust real estate market and ongoing projects. The firm, which rebranded itself recently, plans to invest Rs 8,000 crore during this period to develop its portfolio across major cities. “Over the past four decades, we have maintained a consistent growth trajectory. The company is in the process of developing 20 million square feet of additional real estate, which is anticipated to double the revenue within the next 7 to 8 years to over Rs 2,500 crore annually from FY28 onwards. Currently, Merlin Group’s annual revenue stands at approximately Rs 1,500 crore,” said Saket Mohta, Managing Director, Merlin Group. At present, 20 million square feet of real estate is under development in Kolkata and its surrounding regions. Merlin is also present in other cities, such as Pune, Chennai, and Bhubaneswar. “Our strategic focus is on Maharashtra, identifying it as a key growth market, with particular emphasis on Pune and Navi Mumbai for potential development. We are currently in the process of scouting land parcels in these regions. Numerous projects are already in development stages in Pune, reflecting our commitment to expanding our footprint in this dynamic area,” Mohta added. The firm is strategically positioning itself for growth in the hospitality sector, particularly through the execution of the eastern region’s inaugural World Trade Centre project. This development is anticipated to include a luxury five-star hotel, enhancing the group’s portfolio and contributing to the region’s economic landscape. “As we pursue national expansion, our commitment to transforming aspirations into tangible outcomes remains steadfast. This rebranding initiative encompasses more than a mere aesthetic update; it reflects a strategic alignment of our core values and operational objectives to enhance our market presence and stakeholder engagement,” said Sushil Mohta, Chairman of Merlin Group.Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.



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