Kolkata’s largest real estate developer, Merlin Group, recently unveiled ambitious plans for ₹20,000 crore in new real estate projects. Aimed at doubling its revenue over the next 7-8 years, this expansion will enhance Merlin’s presence in Kolkata, Pune, and Chennai. Known for luxury residences and sustainable townships, the company’s strategic growth targets key markets across India.
Merlin Group’s ₹20,000 crore real estate projects development strategy
Merlin Group has 40 million square feet of real estate under active development. These projects, projected to generate ₹20,000 crore in revenue, reflect Merlin’s commitment to long-term growth. Managing Director Saket Mohta stated, “Our developments across 40 million square feet are set to yield total sales of ₹20,000 crore. We have steadily expanded for 40 years, with each project reinforcing our vision.”
Merlin Group revenue growth through strategic projects
Merlin Group’s current annual revenue stands at ₹1,500 crore. With the new developments, the company anticipates substantial revenue growth. Its existing portfolio spans luxury homes, commercial spaces, and eco-friendly townships. Over four decades, Merlin has completed 20 million square feet of projects, establishing its position as a key player in the Indian real estate market.
Expanding in Kolkata, Pune, and Chennai
Merlin Group’s primary focus remains in Kolkata and nearby areas, where 30 million square feet of projects are already underway. The company is also exploring opportunities in Maharashtra, targeting Pune and Navi Mumbai as key locations. “We see Maharashtra as a major growth area, with several projects already in progress in Pune,” Mohta added. This expansion into new territories aligns with Merlin’s broader goal of national growth.
Diversification and global expansion with Merlin Group
Beyond residential and commercial real estate, Merlin Group is expanding into hospitality. The company is building the eastern region’s first World Trade Center, which will also feature a five-star hotel. This diversification into global-scale projects demonstrates Merlin’s dedication to offering diverse real estate solutions.
During the unveiling of the company’s new brand identity, Chairman Sushil Mohta expressed optimism about Merlin’s future. “Our rebranding reflects our mission to turn dreams into reality. We are excited to create lasting value for our customers, locally and globally,” he said.
