Shrishti Development to Establish a 1,000 Acre Township in Assam

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Shristi Infrastructure Development Corporation, a developer based in West Bengal, plans to invest Rs 4,000 crore in establishing a 1,000-acre township in Guwahati, Assam, as stated by Sahil Saharia, the company's CEO, to ET.

Having already developed a township in Asansol, the company aims to expand its real estate footprint in cities like Jaipur, Haridwar, Rishikesh, Alibaug, and Sonepat. Land has already been finalized in Alibaug and Guwahati, with discussions in advanced stages for other cities.

Saharia emphasized the benefits of township developments in tier two cities, noting their potential to enhance residents' quality of life through improved infrastructure, better roads, utilities, and public amenities like parks and community centers.

The company's first township in Asansol, executed by Bengal Shristi Infrastructure Development Ltd, encompasses apartments, group housing, plots, bungalows, and a central business district. The central business district includes a shopping mall with a multiplex, an Odyssey club, a modern commercial block, and healthcare facilities.

Saharia highlighted the potential of townships to attract investments, create job opportunities, and stimulate economic growth, ultimately providing residents with enhanced living conditions and employment options. The Shristinagar project in Asansol incorporates sustainable practices, promoting environmental well-being and urban development, fostering a sense of community among residents.