DLF bags township in Bengal | india | Hindustan Times
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DLF bags township in Bengal

Real estate company DLF has bagged Durgapur township project in West Bengal, a public-private partnership model that would attract investments of up to Rs 4,000 crore, reports Arun Kumar.

india Updated: Aug 22, 2007 22:55 IST
Arun Kumar

Real estate company DLF has bagged Durgapur township project in West Bengal, a public-private partnership model that would attract investments of up to Rs 4,000 crore. The project would have co-operative housing plots, residential complexes for low, middle and high income groups, bungalows and commercial complexes and retail space, DLF said, adding, it would take four years to complete.

DLF plans to use solar lights, rain-water harvesting, water recycling plant and a sewage treatment plant in the township as part of its environment protection measures.

Meanwhile, the country’s largest realtor has also announced an investment of up to Rs 1,700 crore on setting up an IT park in Nagpur. The park would come up on a sprawling 8.5 million sq ft area in multi-modal international passenger and cargo hub (Mihan) project in the city and create employment for about 50,000 people, DLF Executive Director YK Tyagi told reporters after unveiling the project here.

Maharashtra Airport Development Company (MADC) Vice-Chairman cum Managing Director RC Sinha was also present on the occasion. MADC will also set up a new airport, adjacent of the existing Nagpur airport, with the help of Singapore-based Changi International Airport as a part of its plan to develop the facility as a major multi-modal hub in Nagpur. The MADC had singed a MoU with the Airports Authority of India (AAI) in December last year and agreed to hand over all assets of the airport within six months. However, it has not materialised so far.

According to the agreement, MADC currently holds a 51 shareholding in the venture while AAI is holding 49 per cent share. The project intends to transform the airport into an international cargo hub with the development of SEZs along with rail and road terminals and other infrastructures.

Boeing Co, which has procured 75-acre of land in the state, would start its work from October next. Boeing would set up a maintenance, repairs and operation unit and invest around Rs 450-crore.