Kolkata-based real estate developer Salarpuria Group will execute projects worth Rs 1,000 crore in West Bengal by 2010.
Mr. Rakesh Salarpuria, vice chairman of the Salarpuria Group, said that the expansion plans includes setting up a Novotel Hotel, promoted by international hospitality major, Accor Group, at Rajarhat. The investment in the project would be close to Rs 200 crore.
Other major investments of the company includes two IT special economic zones (SEZs) at Bantala 20km south-east of Kolkata, and Kalyani in Nadia district, 40km north-west of Kolkata.
He further said that the company has already received in-principle nod for the SEZ projects from the Central government. The SEZ in Kalyani would be spread over 250 acre.
Salarpuria did not mention the investment required to execute the project, as it is yet to acquire land for it. The investment at the Bantala SEZ, to be spread over 40 acre, will be close to Rs 400 crore.
He said that work would being in six month.