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Eden Realty Group has announced a comprehensive INR 5,000-crore investment strategy for residential, commercial and hospitality projects in West Bengal to be executed by 2030, signalling a marked expansion of its portfolio along the Hooghly riverfront. Central to the plan is a premium riverside residential development in Shalimar, Howrah, comprising more than 1,000 homes in five towers with an estimated INR 2,000-crore outlay. For the first time, the group is entering the hospitality sector with five luxury hotels totalling approximately 600 rooms at key locations including Kolkata, Howrah, South 24 Parganas, Raichak and Budge Budge. The first 80-room property is planned on a 2.3-acre parcel leased from the Syama Prasad Mookerjee Port, while a larger 300-room hotel is anticipated on a 20-acre leased site at Garden Reach. Discussions are underway with Indian and international hotel operators to manage the new properties, though none have been finalised. INR-funded investment figures reflect the company's commitment to enhancing urban living and tourism infrastructure in the region while broadening its presence in both residential and hospitality segments.
Eden Realty Group has outlined an ambitious INR 5,000-crore investment plan that will see the developer expand its footprint with a mix of residential, commercial and hospitality projects in and around Kolkata by 2030. The announcement, made earlier this week, underscores the group's strategy to diversify its development portfolio and leverage opportunities along the Hooghly riverfront. Advertisement
At the heart of the programme is a premium riverside residential address in Shalimar, Howrah, where the group intends to construct more than 1,000 housing units across five towers. The residential project has been allocated an investment of approximately INR 2,000 crore and forms a significant component of the overall plan.
In a departure from its traditional focus on housing, the group is entering the hospitality sector for the first time. A series of five luxury hotel developments, offering a combined total of around 600 rooms, is planned at strategic locations including Kolkata, Howrah, South 24 Parganas, Raichak and Budge Budge. These properties are intended to enhance the city's tourism and visitor accommodation landscape as part of the riverfront revival.
The first hotel is slated for an 80-room facility on a 2.3-acre site secured on lease from the Syama Prasad Mookerjee Port in Kolkata, with an investment approximating INR 150 crore. A larger 300-room hotel is planned on a 20-acre leased tract at Garden Reach, carrying an estimated capital cost of about INR 450 crore.
Company leadership has indicated that discussions are underway with a range of potential Indian and international hospitality partners to operate the new hotels, although no operator agreements have been finalised to date. Beyond hospitality and residential projects, Eden Realty's broader investment roadmap also includes commercial components, drawing on its expanding presence in eastern India's real estate sector.
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