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#Latest merlin project forcasts of markets how to#
Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Merlin group also plans to develop similar joint-venture housing projects with the West Bengal government in areas like Barrackpore, Barasat (North 24-Parganas), Sonarpur (South 24-Parganas) and Uttarpara (Hooghly).īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. The project was due to be completed by 2010. Operating profit (FFO): 63.3 million (-15.3 vs 3M 2020) Net tangible asset value per share: 15.56 (+0.3 vs 3M 2020) The quarter’s results continue to be affected by mandatory closures, which compares to a mostly undisturbed first quarter of 2020. Spread over 12 blocks, the complex will have a total of 200 dwelling units, ranging between 400-1,200 square feet area, with about 42 per cent units in the HIG segment. MERLIN Properties begins the year in line with its forecast. However, an increase in price of HIG flats was possible, claimed Mohta. The low income group (LIG) and middle income group (MIG) flats in the project would be priced between Rs 4 lakh and Rs 11 lakh, and the high income group (HIG) flats at Rs 13-15 lakh. He claimed the project would a corporate social responsibility project rather than a profit-oriented development. WBHB would acquire land for the project and would give speedy clearances and take care of legal formalities involved in it, said Sushil Mohta, managing director of the Merlin Group at a press conference to announce the project, in Kolkata on Tuesday. WBHB will hold 11 per cent stake in the company while Merlin will hold the rest. It would involve an initial cost of around Rs 20 crore, including cost of land. The project would be developed as an "assisted sector" housing complex by a joint-venture company called Bengal Merlin Housing Ltd.
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