The Merlin Group, Eastern India’s Premier Real Estate Conglomerate
Founded 1984 • 50+ Complexes • 6 Cities • Colombo, Sri Lanka • A Home for Every Indian, landmark projects and achievements with verified data
Residential Development
আবাসিক উন্নয়ন (Abashik Unnayan)
Launched
1990 (ongoing)
Objective
Build Eastern India's most respected residential real estate portfolio, combining premium address landmarks with accessible housing aligned to the Merlin Group's founding mission of a home for every Indian, serving the full spectrum of Indian homebuyers across every price segment.
Reported Outcomes
50+ residential and commercial complexes; 150+ independent bungalows; landmark projects including Merlin Homestead, Merlin The One, Merlin Edge, Merlin Rise, Merlin Heights; Fashion TV branded residential project announced February 2025; presence across Kolkata, Pune, Chennai, Ahmedabad, Raipur; Elementa and Elementa 2.0 in Pune with MIVAN technology milestone 2025.
Development under Merlin Group / NDITA partnership
Objective
Develop the first World Trade Center in Eastern India at Salt Lake Sector V, Kolkata's premier IT and technology hub, in partnership with NDITA, positioning Kolkata as a competitive destination for national and international corporate occupiers.
Reported Outcomes
First World Trade Center in Eastern India; operated under Princeton Club brand; active participation in Bengal Chamber of Commerce Tech E-Summit; partnership events with Indian Army Eastern Command including blood donation camps; Kolkata's credentials as a premium commercial destination significantly enhanced.
South City Mall, Landmark Retail Development and Rs. 3,250 Crore Exit
সাউথ সিটি মল
Launched
Board Director tenure (concluded June 2025)
Objective
Build and manage one of Eastern India's largest and most prominent retail destinations, delivering a premium organised retail experience for the consumers of Kolkata and attracting leading national and international brands to establish their presence in the city's most prestigious retail address.
Reported Outcomes
Over 1 million sq ft retail space; Rs. 1,800 crore annual turnover; approximately 2 million monthly visitors; one of the highest-traffic retail destinations in Eastern India; sold to Blackstone in June 2025 for Rs. 3,250 crore, largest real estate transaction in Kolkata history and largest mall deal in Eastern India.
Under Sushil and Saket Mohta’s combined leadership (ongoing)
Objective
Establish the Merlin Group's presence as a serious and quality-committed developer in Pune, one of India's fastest-growing real estate markets and the country's second most important information technology hub, targeting premium residential buyers with a product that delivers Merlin's signature quality standards.
Reported Outcomes
Elementa and Elementa 2.0 projects launched; Phase I, II and III of Elementa 2.0; first MIVAN technology construction milestone achieved in Pune (2025) with completion of final slab of C Building, Elementa 2.0; Merlin Group established as a credible and quality-committed developer in Pune's competitive residential market.
Build and sustain a credible apex body for the Indian real estate industry that provides developers with an authoritative collective voice with government, regulators, and financial institutions, and that develops the professional standards, ethical frameworks, and homebuyer protection mechanisms that raise the quality and trustworthiness of the real estate sector as a whole.
Reported Outcomes
CREDAI India established as apex industry body; Sushil Mohta as Founder Member among small group of founding senior developers; President of CREDAI West Bengal (CREDAI Bengal), primary representative of Kolkata and West Bengal developers at state and national level; policy advocacy, homebuyer grievance resolution, and professional standards development sustained over decades.
Dronah Foundation & International Knowledge Leadership
ড্রোনা ফাউন্ডেশন
Launched
Advisory Board appointment (ongoing); international research across career
Objective
Contribute to the broader social, cultural, and environmental dimensions of the built environment through the Dronah Foundation's charitable activities in built heritage, community, and environment, and apply the insights from sustained international research on housing and urban development to continuously improve the quality and innovation standards of the Merlin Group's projects.
Reported Outcomes
Advisory Board Member, Dronah Foundation; sustained international research on consumer preferences, condominium planning, shopping malls, schools, and modern construction techniques deployed in advanced real estate markets; GRI (Global Real Estate Institute) membership; FICCI and CII engagement; Merlin Group's consistently high-quality product standards reflect decades of international learning.
All projects and milestones listed are documented through official Merlin Group sources, verified press coverage, industry body records, and public announcements. Outcome metrics based on official announcements and verified reports.