Merlin Group Unveils New Residential Project In Kolkata

Published: May 6, 2009 at 9:53 AM | Author: Administrator
News Source: Indian Realty News - May 5, 2009

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Kolkata-based real estate company Merlin Group has unveiled a premium residential complex called Merlin Cambridge. Coming up along the Prince Anwar Shah Road, the Rs 100 crore, high-end residential project spread over 1, 61,698 sq ft, is expected to be ready by 2011. Merlin Cambridge will have 92 dwelling units in three sizes – 1,840 sq ft, 2,078 sq ft and 3,910 sq ft. The price would range between Rs 97 lakh and Rs 2 crore, according to its top official. Demand for high-end houses is still there. Despite the economic crisis, there has been an increase in the number of double-income families, high-salaried people. Their high purchasing and borrowing powers and easy availability of home finance, have contributed significantly to the growth of luxury housing segment. We are targeting consumers who want to upgrade their lifestyle and living standard in terms of quality, infrastructure and world class amenities,” said Sushil Mohta, MD, Merlin Group.

Prince Anwar Shah Road is one of the most upcoming arterial roads of south Kolkata, well-connected to high-end residential area — Jodhpur Park, Southern Avenue, New Alipore, Alipore, Golpark, Ballygunje and Bhawanipore. It has high-end residential complexes, malls, departmental stores and other facilities. The locality hogged the limelight when the South City project, the tallest and biggest housing project in eastern India came up here last year. The complex housing a 23-storey building would have a landscaped rooftop garden, community hall, children’s play area and parking facility for 200 cars. "The Princeton Club would have a lounge bar, a multi-cuisine restaurant and banquet facilities," Mohta added.