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DLF s Township tender discarded

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The State’s Principal Secretary said to the www.propertykhazana.com that, “the West Bengal Govt. has denied DLF Ltd’s application, which was thinking to develop a township at Dankuni in suburbs of Kolkata in area of about 600 acres.” In July, the state Govt. had selected DLF through cutthroat bidding to construct about 5,000 acres township in the aforesaid locality and it was not able to purchase the land for the venture. The planned township was expected to cost for about Rs. 50,000 Crores and was the biggest venture in Eastern India for DLF’s.
In earlier days, DLF had planned to cut down the venture for about 600-acres Township because of the difficulty in purchasing the land for the venture. The state cabinet came to a conclusion and urged DLF to quit the venture and will give the way for Indonesia’s Salim Group promoted New Kolkata International Development Pvt. Ltd’s plan to set up the township. He said that, “Govt. will recompense the amount of about Rs. 300 Crores advances which DLF had paid to the Govt. for the venture two years back.” For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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