RMZ eyeing Kolkata, to build 11.9 mn sq ft

RMZ Corp, a Bangalore-based real estate developer, after having leaving their footprints in southern capitals and Pune, is now eyeing Kolkata. The company plans to build 11.9 million sq feet in 18 months.

"We are scouting for land in Kolkata and it should be ready by third quarter for ground breaking," said Juggy Marwaha, head marketing RMZ Corp.

In five years of operation the company has built a track record of rehabilitating a wide range of companies. With many Bangalore companies looking for expansion into tier II cities, RMZ Corp is handholding them to the city of their choice, he added.

In the first quarter of the year, the company has taken up 6.7 million sq feet of construction in Bangalore, 2.2 million sq feet in Chennai and plans to take 1 million sq feet each in Pune, Hyderabad and Kolkata. The company was successful in bidding for the 12 acre Kissan factory land on Old Madras Road in 2004.

On this land, the company plans to build 'RMZ Infinity', a 1.2 million sq feet development comprising five towers with each tower having 2.5 lakh sq feet of built-to-suit facility for ITeS and BPO companies.

According to him, the company plans a 60,000 sq feet of branded food court to cater to the offices in the neighbourhood.

The company has built 4.67 million sq feet in 2005, 1.5 million sq feet in 2004, 1.02 million sq feet in 2003. 1.5 lakh sq feet in 2002 and 80,000 sq feet in 2001.