Foraying into the real estate space on its own, Peerless General Finance and Investment Company on Friday announced the launch of its ₹500-crore mixed-use real estate project in Kolkata.
The residential-retail-official project, Trayam, is being built on 2.67 acres of land at Kolkata’s New Town.
According to Peerless General Finance and Investment Company (PGFI), Trayam is designed as a mixed-use urban project offering 71 units of 3 and 4 BHK luxury residences on prime land.
“The project has been conceived to provide Kolkata’s discerning homebuyers with a balanced life—where connectivity, sustainability, and comfort converge,” it said.
“Trayam is not just another real estate development. With it, we hope to effect a shift in modern urban living that will look inward rather than out. It reflects our evolving commitment to build environments that are deeply rooted in local culture yet meet the aspirations of the contemporary Indian family,” said Jayanta Roy, Managing Director, PGFI.
“This project represents our next chapter in real estate. Project cost is around ₹500 crore,” Roy said.
“Construction for the project was started in the month of March this year. The project is expected to be completed before Durga Puja, 2029,” he added.
PGFI is the holding entity of the Peerless Group. The group is also into hospitals, hotels and financial services.
Bengal Peerless, a joint venture company between PGFI and West Bengal Housing Board, has developed 30 lakh square feet of residential projects over the last 30 years in West Bengal.
Published on June 13, 2025