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Alchemist to invest in Kolkata realty project

Tuesday, 01 Oct 2013

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Alchemist Township India, a Delhi-based realty firm, is planning to develop a realty project in Kolkata, West Bengal.

To acquire the required land for the proposed project, the company has inked a deal with a local builder, Highland Group. As per the deal, Alchemist Township has purchased two million sq ft of prime residential land from Highland Group at Kolkata Riverside, a satellite township development encompassing 262 acre being developed on the banks of the Hooghly River. Property consultant, Jones Lang LaSalle India, facilitated the transaction.

The company will invest Rs 600 crore to develop a realty project. The project will include a 25 acre IT Park, various commercial establishments catering to the services sector, physical infrastructure and advanced lifestyle features such as a golf course.