DLF Wins Land Bid For Durgapur Township

August 16, 2007	(9 votes, average: 3.89 out of 5)  Loading ...
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Indian real estate giant DLF is all set to develop a new township at Durgapur City Centre in West Bengal. The project will come over an area of 95 acres.

DLF paid the highest amount among the others bidding for the land reserve which the company has purchased at the rate of 35 lakh per acre, informs an official at Asansol Durgapur Development Authority (ADDA).

Of 23 real estate companies, only 12 participated in the bid, out of which, 4 were shortlisted but the expression of interest submitted by DLF was the best.

The Authority purchased a large chunk of 108 acres from SAIL’s Durgapur Steel Plant in the eastern front of the City Centre in 2006. Later, it decided to develop a Township on the land to develop LIG and MIG flats.

ADDA has proposed 900 plots for LIG and 500 plots for MIG segment. To stay in a step with soaring demand for residential property in Durgapur, the authority looks forward to accommodate the maximum possible heads.

The proposed Township is scheduled to be ready by 2011.

DHL will reserve 990 plots for the LIG segment. The plinth area of each LIG unit will be 450 sq ft and the company would have the permission to charge maximum of Rs 550 per sq ft during handing over the flats to possession holder and the maximum limit for each MIG unit with a plinth area of 750 sq ft is Rs 1200 per sq ft.

News Published Under:   Real Estate Developers |

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