JLL India has announced the closure of the single-largest land transaction recorded in Kolkata to date. JLL India has structured the deal between Tata Value Homes and Square Four Group of Companies for joint development of 25.5 acres of prime residential land at B.T. Road, Kolkata. The overall yield of this land parcel is estimated at Rs. 3000 crore.
This deal marks the introduction of the first large-scale integrated township condominium development by Tata Value Homes in Kolkata, and will help catapult the Kolkata residential market into high growth. The township, which will feature G+19 condominiums, has been designed to add considerable aesthetic charm to the North Kolkata skyline. The plot, which has a frontage of over 600 feet on B.T. Road, will encompass a commercial area on one side while the housing units on the other will enjoy a direct view of Dakkhineshwar Temple and the Hooghly River.