As per a corporate report in RPG website,the work should have already started at this plot.
Adda at spencer's galleria
CESC is setting up a spanking new mall in the heart of Kolkata.
Adda is Kolkata’s life-blood. For the uninitiated, it loosely translates as a group activity, where people just hang around and talk on everything under the sun, crack jokes or simply watch
the world go by, over a cuppa. Like content, the venues of adda continue to be forever fluid. In the past few years, adda, like Kolkatans, has moved away from verandahs, parks, and busstops and slowly inched its way to the ultimate feel-good destination -- malls.
To capitalise on this mall mania and give Kolkata its most premium mall to shop, eat and indulge in adda, CESC is setting up Spencer ’s Galleria, spread across 730,000 sq.ft, at Park Circus. “Wait for another 24 months and Calcutta will soon have India’s most attractive premium segment mall which will be the city’s pride,” Vice Chairman Sanjiv Goenka had told the media earlier in January, this year, while announcing CESC’s Q3 results.
Designed by RTKL of UK, one of the best-known mall designers in the world, the mall will house a hypermarket, a number of anchor stores, as well as vanilla stores. There will be a multiplex, as well as a food court and restaurants. Another major attraction will be the 11-level car park
accommodating 800 cars, possibly the largest in Kolkata. The construction agreement has been signed with the Engineering, Construction and Contracts Division (ECC) of Larsen & Toubro Limited, one of India’s bestknown companies.
CESC set a new benchmark in the market when it took advantage of the downturn to bring down the project cost by 16% to Rs 200 crore and thereafter awarded the contract to
L&T for immediate commencement of work.
“We intend to make the project a reality within the shortest possible time”, said Subrata Talukdar, Executive Director -Finance, CESC. The “bhoomi puja” was conducted in February 5, 2010 under the guidance of vedic priests from Varanasi. This marked the beginning of construction work at the eagerly-awaited shopping mall, to be located at 33, Syed Amir Ali Avenue in the heart of Kolkata. The site is a stone’s throw away from the 7-point Park Circus traffic crossing, a nodal point in Kolkata’s inner city traffic system.
Siddhartha Chattopadhyay, Chief Technical Advisor, CESC Properties Limited (CPL), said, “The zero date for the project is 1st February, 2010.” CPL is executing the project.