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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 3,000 crore.
Mayank Saksena, Managing Director - Land Services, JLL India, said, “The residential project to be developed on this prime land parcel is expected to yield about 3,500 budget apartments. It has about 15 acres reserved for open space and will feature a large club house with all modern amenities. In terms of size, this deal supersedes JLL India's previous benchmark when it facilitated Alchemist Township India Ltd's acquisition of two million square feet of land from Highland Group at Kolkata Riverside in 2013.”
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