Kolkata Govt Rejects DLF Township Proposal

Published: February 17, 2009

The West Bengal government has rejected DLF Ltd’s proposal to build a 500-acre township at Dankuni in the suburbs of Kolkata, according to the state’s principal secretary Subesh Das.

Though in July 2006, the state government had chosen DLF through competitive bidding to build a 4,840-acre township in the same area, it couldn’t acquire land for the project . The proposed township was estimated to cost Rs40,000 crore and was to be DLF’s biggest project in eastern India. Mint had reported in its 2 February edition that DLF had proposed to scale down the project to a 500-acre township in view of the difficulty in acquiring land.

On Thursday, the state cabinet decided to ”ask DLF to withdraw from the project” and that it would consider Indonesia’s Salim Group-promoted New Kolkata International Development Pvt. Ltd’s proposal to develop the township. Das said the government would refund the Rs270 crore advance that DLF had paid it two years ago for the project.

Source: Indian Realty News

Posted under categories: News
Tags: , ,

About Zamanzar

Zamanzar Advisory Pvt. Ltd. is a real estate advisory firm located in New Delhi, India. We offer online property search tools and offline services to help complete the transaction. Our services cater to real estate buyers, renters, and sellers. Visit Zamanzar to find out more!

Leave a Comment

Name (required)

Email (required)



More Blog Posts