DLF to Adorn Bengal with Rs 100,000 cr Realty Projects

September 13, 2007	(1 votes, average: 2 out of 5)  Loading ...
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DLF, India real estate giant, is planning to invest Rs 100,000 crore Calcutta and Dankuni real estate projects over next few years.

The company holds large land bank in Bengal. The proposed Dankuni Township is to come over a large area of 4,840 acres and will involve a huge investment of Rs 50,000 crore.

Tower-I of DLF’s first IT Park in Rajarhat has already been bought by IBM.  It is a Rs 350 crore project to include two more towers, thereby adding up to 1.3 million sq ft.

The second IT Park to be developed by the company will come over 25 acres in Action Area II of Rajarhat. It is a Rs 700 crore project, with six towers and 2.5 million sq ft of leaseable area. The project is scheduled to be complete by 2009-end. Designed by Hafeez Contractor, the IT Park will be a working station for around 10,000 people working in three shifts.

DLF is also considering making a foray into hospitality industry, with a joint investment of Rs 1,000 crore. The 600–room Bypass address with Hilton will be an exclusive showpiece.

For the Dankuni Township, DLF has shortlisted two US town-planner firms, who will provide three concept designs each within the next two months. The construction work of the Township will be over by middle of the next year.

Once complete, the Dankuni Township will be looked upon as one of the most modern townships in the country, complete with housing in all income segments including hotels, hospitals, schools, colleges, and shopping malls, says A.S Minocha, Chairman, DLF Commercial Developers Ltd.

News Published Under:   Real Estate Developers |

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