Martin Burn forms JV with IIT for affordable housing

Martin Burn forms JV with IIT for affordable housing

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Martin Burn has entered into a joint venture agreement with Institute of International Trade (IIT) for an affordable housing project. The project will come at Sonarpur in South 24 Parganas district in West Bengal. The project will spread over 4.56 acres of land and will involve construction of 4.25 lakh sq.ft. built up area, the value of which is estimated at Rs 110 crore.  Martin Burn will have 80% of the sales revenue while the rest will be taken up by the IIT. The project is expected to be complete in next five years.

Martin Burn Limited is a Kolkata based construction and real-estate listed company. Martin Burn is the result of merger of two companies, viz., Martin & Co and Burn & Co and the merged entity came into operation in 1946. Martin Burn Limited is now operated by Fatehpurias. The company has built several landmark buildings not only in Kolkata but also in Ahmedabad and Benaras and most of them are today considered as heritage structures. The city of Kolkata – is sometimes also referred to as Martin Burn City.

The old Martin Burn House, which was in the Victorian style, has been replaced with a more modern multi-storey building housing many corporate offices. The company engages in civil engineering and construction activities and turnkey projects.