Kolkata, Sep 8 - Zuri Group Global that runs hotels and resorts under the name Zuri is foraying into the real estate sector in Goa. It has plans to build a cluster of villas and apartments in the coastal state, a company official said here Tuesday.

'While there were construction restrictions under the Coastal Regulation Zone norms, we recently got the nod to go ahead with our project,' communication director Priti Chand of the Zuri Group Global said at a press meet here.

The company has already bought the land for Rs.200 crore and plans to invest Rs.200 crore more in the project to construct 150 villas and 100 premium apartments along with a golf course on 300 acres.

'We plan to complete the project within the next 18 months,' she said.