Infinity planning to invest Rs 1000 crore in Assam

Infinity Group is planning to invest Rs 1,000 crore in Assam in another 3-4 years. Kolkata based Infinity is one of the real estate major and they are planning enlarge their footprints in the corporate offices and residential apartments segment.
"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.
He said tier-2 cities(eg: Guwahati) offer huge opportunities in the real estate segment due to an economy growth and growing wealth among middle class and upper middle class people.
"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.

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