Real estate is a legal term (in some jurisdictions, notably in theUSA UNITED KINGDOM and CANADA, and AUSTRALIA) that encompasses land along with anything permanently affixed to the land, such as building, specifically property that is stationary, or fixed in location. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, in some situations the term "real estate" refers to the land and fixture together, as distinguished from "real
property," referring to ownership rights of the land itself.The terms real estate and real property are used primarily in common law, while civil law jurdistiction refer instead to immovabale property.
Ambuja Realty
Ambuja Realty Group
Promoted as a joint enterprise between West Bengal Housing Board (WBHB) and Gujarat Ambuja Cements Ltd. (GACL), the Company is now a joint venture between WBHB and Ambuja Housing & Urban Infrastructure Company Ltd
Promoted as a joint enterprise between West Bengal Housing Board (WBHB) and Gujarat Ambuja Cements Ltd (GACL), Ambuja Realty is now a joint venture between WBHB and Ambuja Housing and Urban Infrastructure Company Ltd. (Consequent upon the divestment of GACL's Stake) both enjoying equal equity participation. The Company was incorporated in the year 1993 to supplement the efforts of the Housing Board to meet the housing demand in West Bengal over all levels of the society.
Over the years the company has developed excellent professional expertise in developing housing and other infrastructure projects in association with WBHB, Asansol - Durgapur Development Authority, Burdwan Zilla Parishad and Sriniketan Shantiniketan Development Authority. Its signature projects are Udoyan, (The Condoville along the Eastern Metropolitan Bypass), Utsa and Ujjwala (The condoville at New Town, Rajarhat).
Currently, the Ambuja Realty group is being led by Shri Harshvardhan Neotia under the guidance of group patriarchs Shri Suresh Neotia and Shri Vinod Neotia.
Ambuja Realty Group has undertaken Real Estate development through the following Companies:-
- Ambuja Housing And Urban Infrastructure Company Ltd. (AHUICL)
- Bengal Ambuja Housing Development Ltd. (BAHDL)
- Bengal Ambuja Metro Development Limited (BAMDL)
- GGL Hotel & Resort Company Limited (GGL)
- Ganapati Parks Limited (GPL)
- Ambuja Realty Development Limited (ARDL)
- AIPL Ambuja Housing & Urban Infrastructure Ltd. (AAHUIL)
- Bhagirathi Neotia Woma
n & Child Care Centre (BNWCCC)
The West Bengal Housing Board
A premier Government of West Bengal organisation engaged in mass housing in West Bengal, for people from all walks of life.
Ambuja Housing and Urban Infrastructure Company Ltd.
Incorporated in the year 2005 Ambuja Housing And Urban Infrastructure Company Limited has been incorporated for undertaking Real Estate projects. The Company has a capital base of Rs.150 Crores which has been utilised mainly for investments in various Group Companies/Joint Venture Companies. The company has been promoted by the Neotia family.
Bengal Ambuja Housing Development Ltd.
Bengal Ambuja Housing Development Limited is a joint venture with West Bengal Housing Board and Ambuja Housing (WBHB) with equal equity participation by West Bengal Housing Board (WBHB) & Ambuja Housing & Urban Infrastructure Company Ltd. (AHUICL). The Company was incorporated in the year 1993, to sup
plement the efforts of Housing Board to meet the housing demand in West Bengal. It has been the endeavour of the company to provide homes for all sections of the society viz. (Low income group, Middle income group and High income group).
Bengal Ambuja presently is engaged in development of mass scale housing and other infrastructural projects in the state of West Bengal in joint venture with various Government organisations. BAHDL has developed excellent professional expertise over the years in developing housing and other infrastructure projects in association with West Bengal Housing Board, Asansol-Durgapur Development Authority, Burdwan Zilla Parishad & Srineketan Shantineketan Development Authority. BAHDL already has undertaken projects worth Rs. 300 Crores approximately. Further, the Company has entered into a Project Management Ag
reement for development of approx 400 acres of land having a project value of around Rs. 400 crores.
It would be pertinent to mention that Bengal Ambuja Housing Development Ltd. has been the only company in India to be awarded the highest developer grading viz DR1 from ICRA. The aforesaid grading indicates the following
- A very strong project execution capacity.
- Prospects of execution of real estate projects as per plan are the best
- Ability to transfer the ownership as per terms is highest.
The Mission statement of Bengal Ambuja states Home for all-affordable, cost-effective, sensitive to social needs created through systematized process and innovative technology.
Bengal Ambuja Me
tro Development Ltd.
Bengal Ambuja Metro Development Limited is a Joint Venture with Kolkata Metropolitan Development Authority (KMDA). The Company was incorporated in the year 1999 for development of a "City Centre" project comprising 5.50 lac sq.ft. (approx) of residential cum commercial complex.
The project is located at DC Block, Sector I, Salt Lake City, Kolkata in the heart of the prime residential area diagonally opposite the 100 acres central green park in Salt Lake. The total cost of the project was Rs.115 Crores vis- a-vis total realisation of Rs.140 Crores approx. BAMDL has also received DRI Rating from ICRA.
GGL Hotel & Reso
rt Company Limited
GGL Hotel & Resort Company Limited is a subsidiary of Ambuja Housing And Urban Infrastructure Company Limited. Currently GGL has a Share Capital of Rs. 33 Crores. It comprises of various projects / business activities viz. Shyamolima, The Ffort Radission, The Club Magna Charta, The Ffort Holiday Klub, Shimana & Surabhi.
Ganapati Parks Limited
Ganapati Parks Limited is a Joint Venture Company between Ambuja group and Kolkata Municipal Corporation (KMC), which has constructed and developed a project "Swabhumi-The Heritage Plaza"
on the EM Bypass Kolkata. The theme of the project revolves around the Indian Culture and Heritage, which brings together the cultural diversity of India at a single place.
The project endeavours to provide a compatible environment for recreational and cultural activities to meet the objectives of KMC of providing hygienic civic services and pollution control for the health and welfare of the general society at large on the land which once upon a time was used as dumping ground for garbage and waste materials.
Swabhumi offers round-the-year activities like Soirees, skits, books, music, folk songs, paintings, crafts, pantomimes, events, films, delicacies and artifacts.
Ambu
ja Realty Development Limited
Ambuja Realty Development Limited has been incorporated on 10th October, 2005 to undertake various Real Estate development projects. The Company has been promoted by the Neotia Family. The Family has already infused a capital of Rs.100 Crores into the Company for acquisition of land at various
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