Infinity plans Rs 1,000 crore investment in Assam in 3-4 years

GUWAHATI: Kolkata-based real estate major Infinity Group is looking at investing around Rs 1,000 crore in Assam within next 3-4 years as part of its effort to expand footprints in the office and residential complex markets.

"We are looking at investing around Rs 1,000 crore in Assam for various projects over next 3-4 years. Though we are now concentrated in Guwahati only, we are also exploring possibilities of expanding our business to other cities and also other states in the North East," Infinity Group Chairman Ravindra Chamaria said today.

He said tier-2 cities like Guwahati offer huge opportunities in the real estate segment due to an expanding economy and growing affluence among middle class population.

"We will be launching Guwahati's first IT Park at Madhgharia locality in the city within the next few months. It will have an area of 20 lakh square feet and will have food court, office space and residential area, among others," Chamaria said .

"Besides, work is on for a mass housing complex in the city to cater to the mid segment residential market. It will have around 700-800 flats of 1,200-1,800 square feet," he added.

Chamaria was in the city today for the formal launch of the company's green residential complex.