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Kolkata: Real estate major Salarpuria Group is all set to invest billions in West Bengal with projects ranging from hotels and residential complexes to IT special economic zones (SEZs), a top company official said here Wednesday.
Some of the key projects on the anvil for the group include a 350-room four-star hotel at the upcoming township of Rajarhat here and also investments in two IT special economic zones (SEZs).
"We have planned to develop this (hotel) project within two and a half years from now. The project would be developed over 3.5 acres of land with an investment of more than Rs.2 billion ($50 million)," Salarpuria Group vice chairman Rakesh Salarpuria told IANS.
He said the company has already bought the land from the West Bengal Housing Infrastructure Development Corporation (HIDCO) Ltd and is now awaiting approval to begin construction.
"This apart, the group is also working out on a project to build a 50-room hotel along with a spa and 200 residential duplex bungalow at Thakurpukur on the city's outskirts. There will be an investment of around Rs.1 billion for the project and it would be implemented in two phases, with Rs.500 million of investment in each phase," Salarpuria said.
The company will also come up with two IT Special Economic Zone (SEZ) at Kalyani and Bantala in West Bengal.
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