On Monday, July 31, the Peerless Group announced its ambitious plans to invest over 1,000 INR-Crore in capital expenditure over the next three years. A major portion of this investment will be channeled into the development of hospital and real estate projects.
The Peerless Group aims to launch an innovative 15-floor retail-commercial-residential real estate project called “Trium.” An internationally renowned design firm from Thailand conceptualized this project, which will be situated at a prime location in Rajarhat near Kolkata, covering an area of about 6.4 Lakh-SqFt. PGFI (Peerless General Finance & Investment Company Limited) will undertake this project, and the estimated investment for it is 600 INR-Crore.
Furthermore, the company plans to expand its hospital facilities, increasing the capacity from 400 beds to approximately 750-800 beds. The hospital expansion project will feature a comprehensive state-of-the-art oncology block. The total investment for this hospital expansion is projected to be 500 INR-Crore, with 75 INR-Crore already invested.
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