Based on a recent survey, Kolkata has recorded the highest growth in the sector of residential real estate india sales in the first quarter of 2021 (January-March). The survey was a comparison to the last quarter Q4 (Oct-Dec) of 2020 among all the Indian metro cities. The City of Joy witnessed a three-fold jump in numbers (201%) during this period, thus bringing good news to top construction company Kolkata. In Q1 2021 (Jan-March), the sale of flats in kolkata recovered to more than 90% of the volume recorded in Q1 2020 (pre-COVID) in the top seven cities which includes Hyderabad, Pune, Chennai, and Kolkata. In Q1 2021, the majority traction for sale of flats in kolkata was driven by southern suburbs (Behala, Jadavpur, Joka, Kasba, Tollygunj), and eastern suburbs (EM Bypass, Rajarhat, Topsia).
A List of Top Construction Company Kolkata
According to some of the top real estate developers in kolkata, the sale has been more than that of pre-COVID level, there has especially been a good demand for ready-to-move-in flats in kolkata and traction has also been good for upcoming residential projects in kolkata. Let’s take a look at some of the top construction company Kolkata:
- Merlin Group
Established in 1984, Merlin Group has the reputation of being one of the pre-eminent conglomerates in real estate india. The company has a plenitude of popular residential and commercial complexes, office buildings, townships, shopping malls, resort, industrial estate, clubs, etc to its credit. With an experience of over three decades, the group has a strong presence across Kolkata, Ahmedabad, Raipur, Pune, Chennai as well as Colombo. Merlin Group is regarded as a top construction company kolkata with experience of over 33 years, and over 10 million sq ft developed area, over 100 completed projects, over 50% sale from referrals, and about 7.5 million sq ft land under construction.
- Ambuja Neotia
With a legacy of 120 years, Ambuja Neotia is one of the most prominent and top construction company kolkata. The company has a diverse portfolio with a strong forte in residential and commercial real estate in kolkata, hospitality, healthcare, education, start-up incubation. Its first project Udayan—Kolkata’s first Condoville built on Public-Private Partnership model, earned Shri Harshavardhan Neotia, the prestigious Padma Shri in 1999. The Group has a reputation of continuous evolution, and is providing the people of Kolkata tastefully designed apartments and smarter, greener work spaces for better work-life balance.
Established in the year 1985, PS Group has experience of over three decades and has made a name for itself among the most reputed and trustworthy real estate developers in kolkata. The company has over 100 joint ventures, and more than 130 completed projects. PS Group is one of the top leading real estate companies in East India that has a presence in over 4 cities in India, with over 25 green projects, more than 70 awards and recognition. Furthermore, the group is a founding member of Indian Green Building Council. The company has over 30 projects underway and over 130 completed projects to its credit. Furthermore, PS Group lays special emphasis on sustainable living and has 15 Green Buildings under construction and over 100 completed joint ventures. Yes, you are thinking what we are thinking, PS Group is definitely one of the top construction company Kolkata.
- Belani Group
With over 50 years of experience, Belani Group is one of the oldest and top construction company Kolkata. The Group has 10 million developed area, 44 completed projects, 5 decades of experience and multiple awards to its credit. Belani Group is the brainchild of Mr. K. P. Belani, who foresaw Kolkata’s potential in real estate india. He envisioned offering a distinctive lifestyle to the people of Kolkata, which began in the year 1967 with the building—the Himalaya House at Chowringhee, one of the legendary projects in the history of real estate in kolkata.
- Swastic Group
Emanated in 1984, Swastic Group addressed the growing need for quality housing in real estate at kolkata. After achieving success in Kolkata, the company extended its presence in the New Delhi market in the year 2011. Over the years, Swastic Group has established itself the reputation of being the top construction company kolkata and one of the most successful developers of real estate india. The company has achieved a remarkable track record by delivering 97% of its projects on time. The company has a diverse portfolio in both residential and commercial real estate and has tie-up with Niros Group of Rajasthan.
- Srijan Realty
Srijan Realty Private Limited is one of the leading real estate companies of eastern India with a strong hold in the city of Kolkata, Asansol and Burdwan in Eastern India and Chennai in the south. Srijan was initially established as a real estate marketing company (NK Realtors) that later evolved into real estate development in 2003. With 17 years of experience, 29 completed projects, and an approximately 74 lac sqft developed area, and approximately 167 lac sq ft area under development, Srijan Realty belongs to the top construction company Kolkata. The group has a diversified realty portfolio that includes residential, commercial parks, retail establishments, hospitality destinations, service apartments, retail showroom, and logistic parks.
- Mani Group
Mani Group has a diverse portfolio with strong foundations in the residential, retail, education, healthcare and the hospitality sectors. With an experience of more than three and a half decades since 1980, Mani Group belongs to one of the leading real estate developers kolkata. The Company has developed more than 25 million square feet across 50+ properties and is working steadily towards developing a further in and around Kolkata, Durgapur, Jaipur, Siliguri and Bhubaneswar. In the 100-acre IQ City township in Durgapur, Mani Group has ventured into eduhealth with a focus on creating Knowledge & Health Campus with projects like IQ City Medical College and Hospital, IQ City Institute of Nursing Sciences. The Group’s verticals spread across Residential, Retail, Commercial, and Education and Healthcare. With retail projects in Pink Square, Jaipur, and hospitality projects like Courtyard by Marriott in Siliguri, Mani Group is spreading its footprint in Rajasthan, Maharashtra, Karnataka and Odisha.
- Unimark Group
Unimark Group has a project portfolio of over 13.5 million square feet, spread across premium residential complexes, hi-tech commercial buildings, malls, world-class IT parks and new-age integrated townships, making it a top construction company Kolkata. With their experience of over 25 years, the company has committed itself to transform indian real estate to unprecedented quality of real estate development. In the latest news, H V Patodia, the MD of Unimark Group, is taking as the national president of Credai for two years. Credai has a membership of over 13000 real estate developers across 21 cities and 217 cities in India.
- Siddha Group
Established in 1986, Siddha Group offers an array of high-quality yet affordable homes and commercial spaces in Kolkata. The company has completed more than 6,000 residential units so far and has 15,068 upcoming projects. The project has a presence across Kolkata, Mumbai, Jaipur, and Bangalore. Belonging to top real estate developers in kolkata, the Group was awarded the Most Trusted Real Estate Brand Award in India – East Zone at CNBC Awaaz Real Estate Awards 2018-19. The Group has residential projects sprawling across the entire city of Kolkata— from BT Road in Kolkata North to EM Bypass in Kolkata South.
- Jain Group
With an experience of more than three decades, Jain Group is one of the most dynamic companies in the verticals of real estate, hospitality, and finance in Eastern India. Rightfully making its mark as one of the top real estate developers in kolkata, Jain Group has a series of residential and hotel spaces at strategic locations in Kolkata, Siliguri, and Durgapur to its credit. The company has also earned a sought-after name in the field of automobile finance with the establishment of Topaz Motors. The aegis of Jain Group ‘Dream Homes’ is a trusted brand within real estate projects Kolkata. Furthermore, the Group has diversified into the development of 5 Star Hotels in Kolkata, Durgapur and Siliguri.
High-value markets such as Mumbai, Bengaluru, and Hyderabad showed a different graph in comparison to the otherwise secondary market of real estate kolkata. Real Estate business in Kolkata is consistently growing owing to the steady flow of major investments, increasing job opportunities, infrastructural developments, and upcoming real estate projects Kolkata. Furthermore, Kolkata has the largest market in Eastern India, a crucial contributor to why major players from the realty sector are investing with real estate companies in Kolkata. Lastly, the Central Government along with the State Government of West Bengal has launched subsided plans like PMAY Scheme, and Nijashree Scheme. Such schemes are opening doors to affordable homes in real estate india. Furthermore, major banks are also reducing the rate of interest for different kinds of home loans, thus boosting the number of launches of real estate projects Kolkata.