Merlin Group Plans ₹10,000 Crore Investment in Bengal and Other States, Targets ₹700 Crore Sales in FY27

What Merlin Group announced

Merlin Group, a developer based in Kolkata, has announced an investment plan of ₹10,000 crore in West Bengal. The plan covers three sectors: real estate, retail and healthcare.

Managing Director Saket Mohta said the group aims to reshape the real estate landscape in Bengal and extend its influence across India.

The numbers reported

• New development: 2 crore sq ft in total, made up of 1.5 crore sq ft in Bengal and 50 lakh sq ft in the rest of India.
• Completed to date: 30 million sq ft delivered in Bengal and 10 million sq ft elsewhere in India, according to the company.
• Revenue: current annual revenue of ₹1,500 crore.
• Sales target: ₹700 crore in FY27, with ₹2,600 crore projected in the years after.
• Projects in execution: ₹20,000 crore of projects spanning 40 million sq ft, which the company projects will yield ₹20,000 crore in total sales over seven to eight years.

These figures come from the company's statements as reported in the sources listed below. They have not been independently audited in this article.

Points that need care

Several figures in the reporting do not line up on first reading, and readers should keep them separate:

• The headline and brief describe the investment as over five years. This article uses the notes' timeframe until the company or a second source confirms the period.
• The FY27 sales target of ₹700 crore is well below the current annual revenue of ₹1,500 crore. Revenue and sales are different measures, and the sources do not explain the gap.
• The ₹10,000 crore investment and the ₹20,000 crore of projects under execution are separate figures. The reporting does not say how much of the ₹10,000 crore is already committed to the projects in execution.

What it means for buyers and investors

For home buyers, the announcement is a statement of intent and a sales target, not a launch. The reporting does not name new projects, locations, prices, configurations or possession dates, so buyers cannot use it to judge a specific property. Any project-level details should be checked against the developer's own communications and the relevant RERA registration.

For investors, the main signal is the scale the company is claiming: a multi-year plan spanning three sectors and two crore sq ft of planned space, with a stated delivery record of about 4 crore sq ft to date.

What happens next

The next points to watch are the FY27 sales result, the naming of specific projects in Bengal and elsewhere, and any RERA filings that identify them.