Kolkata International Financial Hub

***Suncity*** · March 24th, 2012, 05:13 PM

Like many other projects in West Bengal, this one too has a story with twists and turns thanks to petty politics of the two major political parties. The original project was kicked off by India's finance minister Mr Pranab Mukherjee in 2010. The project did not make any progress because of political opposition to land acquistion in New Town. Under the new regime, the project has been downsized, rechristened as International Financial Hub and shifted to a CBD area in New Town where land is already acquired by the previous regime. The private partnership in the project has also been cut by the new government.

***Suncity*** · March 24th, 2012, 05:22 PM

From WBHIDCO's document:

Quote:

West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) is implementing a Financial Hub in New Town, Kolkata. A site of 25 acres of prime land has been identified for taking up Phase I of the Financial Hub. The site is located in the Central Business District area and in close proximity to a 480 acre eco-tourism site, an International Convention Centre, a Museum of Modern Art and a 5 Star hotel for which land has been allotted. The Financial Hub will be the second in the country after Bandra Kurla in Mumbai. It is part of country’s Look East policy and pivots on the concept that Kolkata is the Eastern Gateway of India with natural links with South East Asia.

***Suncity*** · March 24th, 2012, 05:28 PM

Maps:

CBD - only 25 acres of the CBD comprising of a few plots are being planned as part of phase I.

[from WBHIDCO website]

1

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More details

1

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2

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3

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***Suncity*** · March 24th, 2012, 05:31 PM

The second foundation stone laying ceremony [and the third ceremony for a financial hub]

photo copyright WBHIDCO

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***Suncity*** · March 24th, 2012, 05:32 PM

The first building - Synthesis Park is ready for occupancy

photo copyright Shrachi Group

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***Suncity*** · March 24th, 2012, 05:51 PM

wow, this thread is coming up in google search!

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AbhishekDatta · March 24th, 2012, 05:53 PM

Sumanb · March 25th, 2012, 06:13 AM

From the CBD area, they have taken nine plots measuring 25 acres and branding it as a 'Financial Hub'. Good branding ..... lets see if it can attarct some new players at Kolkata.

***Suncity*** · March 25th, 2012, 03:31 PM

Quote:

Originally Posted by Sumanb

From the CBD area, they have taken nine plots measuring 25 acres and branding it as a 'Financial Hub'. Good branding ..... lets see if it can attarct some new players at Kolkata.

Are you referring to this?

(from WBHIDCO website)

Schedule of WBHIDCO Plots of Land at Financial Hub in New Town , Kolkata proposed for allotment on Lease hold basis
Sl. No.
Action Area Plot No. Area in Acre (in hectare)
1
CBD/A CBD/79 2.548 Acres (1.03 ha)
2
CBD/A CBD/80 2.62 Acres (1.06 ha)
3
CBD/A CBD/81 2.251 Acres (0.91 ha)
4
CBD/A CBD/82 2.471Acres (1.0 ha)
5
CBD/A CBD/83 2.471 Acres (1.0 ha)
6
CBD/A CBD/84 2.375 Acres (0.96 ha)
7
CBD/A CBD/85 2.471 Acres (1.0 ha)
8
CBD/A CBD/86 2.72 Acres (1.1 ha)
9
CBD/A CBD/91 5.41Acres (2.19 ha)

Map

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studdmanster · March 25th, 2012, 05:27 PM

Very confusing map..matha ghure gelo

***Suncity*** · March 25th, 2012, 11:57 PM

Quote:

Originally Posted by studdmanster

Very confusing map..matha ghure gelo

Ok. This is probably the CBD [see google earth view]. They are only doing 25 acres in first phase as IFC. Not sure if they will expand over entire CBD as the 25 acres seems to be just nine plots.

Uploaded with ImageShack.us

And looks like they are looking for companies for the plots marked with the crosses

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UNIWORLD · March 26th, 2012, 02:31 AM

What's the indication of red cross symbol?

Quote:

Originally Posted by Suncity

Ok. This is probably the CBD [see google earth view]. They are only doing 25 acres in first phase as IFC. Not sure if they will expand over entire CBD as the 25 acres seems to be just nine plots.

Uploaded with ImageShack.us

And looks like they are looking for companies for the plots marked with the crosses

Uploaded with ImageShack.us

***Suncity*** · March 26th, 2012, 04:54 AM

Quote:

Originally Posted by UNIWORLD

What's the indication of red cross symbol?

http://www.skyscrapercity.com/showpo...48&postcount=9

studdmanster · March 26th, 2012, 06:34 AM

CBD/91 seems to be the largest plot..

Saw an ad few days ago..which mention last date for application is on 24.04.2012

soumalya747 · March 28th, 2012, 07:09 AM

Well Ambuja EcoSpace, DLF IT Sez & Unitech Infospace are also part of this Financial Hub?

Sumanb · March 28th, 2012, 08:15 AM

No

studdmanster · March 28th, 2012, 11:39 AM

Quote:

Originally Posted by soumalya747

Well Ambuja EcoSpace, DLF IT Sez & Unitech Infospace are also part of this Financial Hub?

they are neighbors

AbhishekDatta · March 29th, 2012, 04:42 AM

Twin towers to grace Rajarhat skyline
TNN | Mar 29, 2012, 01.11AM IST

KOLKATA: Rajarhat New Town will soon boast of have its own iconic 20-storeyed twin towers. The decision was made in a Housing Infrastructure and Development Corporation (Hidco) board meeting on Wednesday. HIDCO will soon float global tenders to set up the two 20-storeyed iconic twin towers in the upcoming international financial hub that will cost Rs 180 crore. This was decided in the Hidco board meeting on Wednesday.

The international hub - the foundation stone for which was laid by chief minister Mamata Banerjee on March 10 - will be a part of the country's Look East policy and is projected to be the second such facility in the country after Bandra Kurla in Mumbai.

Hidco chairman-cum-managing director Debashis Sen said that the twin towers will have state-of-the-art infrastructure necessary for the financial hub and will be located at prime positions within it. "We have decided to build the 20-storied twin towers for companies that want to set up offices in the financial hub. Hidco will soon float global bidsfor construction of the towers. The Infrastructure Leasing and Financial Services (ILFS) has been selected as the consultant to prepare bid documents," Sen said. It will cost Rs 180 crore to build these twin towers.

Also, the Synthesis building was renamed as Finance Centre on Wednesday's meeting. The Hidco board decided that floor space in it will be made available to financial institutions. Expressions of interest for the purpose will be invited soon.

On March 10 this year, chief minister Mamata Banerjee laid the foundation stone for the international financial hub.

Apart from being The hub will be a cluster to not only for banks and but also for other financial institutions like insurance firms, mutual funds and offshore banking firms, the hub - when fully operational - would generate employment for around two lakh professionalswhen fully set up.

Hidco has already floated expressions of interest to invite big financial houses with an annual turnover in excess of Rs 500 crore to set up offices in the hub. The last date of application is April 24.

Plots have already been allotted to two major public sector banks - Allahabad Bank and State Bank of India. The Calcutta Stock Exchange has also received a plot to set up a facility at the hub. The hub will be a part of the country's Look East policy and is projected to be the second such facility in the country after Bandra Kurla in Mumbai.

http://timesofindia.indiatimes.com/c...w/12447430.cms

BengaliTiger · March 29th, 2012, 04:43 AM

Quote:

Twin towers to grace Rajarhat skyline

KOLKATA: Rajarhat New Town will soon boast of have its own iconic 20-storeyed twin towers. The decision was made in a Housing Infrastructure and Development Corporation (Hidco) board meeting on Wednesday. HIDCO will soon float global tenders to set up the two 20-storeyed iconic twin towers in the upcoming international financial hub that will cost Rs 180 crore. This was decided in the Hidco board meeting on Wednesday.

Also, the Synthesis building was renamed as Finance Centre on Wednesday's meeting. The Hidco board decided that floor space in it will be made available to financial institutions. Expressions of interest for the purpose will be invited soon.

Apart from being The hub will be a cluster to not only for banks and but also for other financial institutions like insurance firms, mutual funds and offshore banking firms, the hub - when fully operational - would generate employment for around two lakh professionalswhen fully set up.

Hidco has already floated expressions of interest to invite big financial houses with an annual turnover in excess of Rs 500 crore to set up offices in the hub. The last date of application is April 24.

Plots have already been allotted to two major public sector banks - Allahabad Bank and State Bank of India. The Calcutta Stock Exchange has also received a plot to set up a facility at the hub. The hub will be a part of the country's Look East policy and is projected to be the second such facility in the country after Bandra Kurla in Mumbai.

Source:http://timesofindia.indiatimes.com/c...w/12447430.cms

***Suncity*** · March 29th, 2012, 06:38 AM

Quote:

Originally Posted by BengaliTiger

Source:http://timesofindia.indiatimes.com/c...w/12447430.cms

Interesting. Here is a render from ABP mid 2010.

Uploaded with ImageShack.us

Wonder if they will do a new design?

March 24th, 2012, 05:13 PM	#1
*Suncity* By the ocean Join Date: Jun 2004 Posts: 24,037 Likes (Received): 462	Kolkata International Financial Hub Like many other projects in West Bengal, this one too has a story with twists and turns thanks to petty politics of the two major political parties. The original project was kicked off by India's finance minister Mr Pranab Mukherjee in 2010. The project did not make any progress because of political opposition to land acquistion in New Town. Under the new regime, the project has been downsized, rechristened as International Financial Hub and shifted to a CBD area in New Town where land is already acquired by the previous regime. The private partnership in the project has also been cut by the new government.

March 24th, 2012, 05:28 PM	#3
*Suncity* By the ocean Join Date: Jun 2004 Posts: 24,037 Likes (Received): 462	Maps: CBD - only 25 acres of the CBD comprising of a few plots are being planned as part of phase I. [from WBHIDCO website] 1 Uploaded with ImageShack.us More details 1 Uploaded with ImageShack.us 2 Uploaded with ImageShack.us 3 Uploaded with ImageShack.us Last edited by Suncity; March 25th, 2012 at 03:33 PM.

March 24th, 2012, 05:32 PM	#5
*Suncity* By the ocean Join Date: Jun 2004 Posts: 24,037 Likes (Received): 462	The first building - Synthesis Park is ready for occupancy photo copyright Shrachi Group Uploaded with ImageShack.us Uploaded with ImageShack.us

March 25th, 2012, 05:27 PM	#10
studdmanster <!error detected> Join Date: Oct 2009 Location: Jamshedpur/Kolkata Posts: 7,597 Likes (Received): 116	Very confusing map..matha ghure gelo __________________ In West Bengal you can even do a charity by smoking....feeling sad that it has come into effect after i hv quit smoking.. Note: Non-smokers...start smoking...and be a part of charity...for chitfunds!!!

March 26th, 2012, 06:34 AM	#14
studdmanster <!error detected> Join Date: Oct 2009 Location: Jamshedpur/Kolkata Posts: 7,597 Likes (Received): 116	CBD/91 seems to be the largest plot.. Saw an ad few days ago..which mention last date for application is on 24.04.2012 __________________ In West Bengal you can even do a charity by smoking....feeling sad that it has come into effect after i hv quit smoking.. Note: Non-smokers...start smoking...and be a part of charity...for chitfunds!!!

March 24th, 2012, 05:31 PM	#4
*Suncity* By the ocean Join Date: Jun 2004 Posts: 24,037 Likes (Received): 462	The second foundation stone laying ceremony [and the third ceremony for a financial hub] photo copyright WBHIDCO Uploaded with ImageShack.us

March 24th, 2012, 05:51 PM	#6
*Suncity* By the ocean Join Date: Jun 2004 Posts: 24,037 Likes (Received): 462	wow, this thread is coming up in google search! Uploaded with ImageShack.us

March 24th, 2012, 05:53 PM	#7
AbhishekDatta BengalDreams Join Date: Aug 2011 Posts: 1,688 Likes (Received): 135

March 25th, 2012, 06:13 AM	#8
Sumanb Registered User Join Date: Jun 2011 Location: Kolkata Posts: 776 Likes (Received): 3	From the CBD area, they have taken nine plots measuring 25 acres and branding it as a 'Financial Hub'. Good branding ..... lets see if it can attarct some new players at Kolkata.

March 28th, 2012, 07:09 AM	#15
soumalya747 Registered User Join Date: Feb 2011 Location: kolkata/Mumbai Posts: 1,131 Likes (Received): 122	Well Ambuja EcoSpace, DLF IT Sez & Unitech Infospace are also part of this Financial Hub?

March 28th, 2012, 08:15 AM	#16
Sumanb Registered User Join Date: Jun 2011 Location: Kolkata Posts: 776 Likes (Received): 3	No

March 29th, 2012, 04:42 AM	#18
AbhishekDatta BengalDreams Join Date: Aug 2011 Posts: 1,688 Likes (Received): 135	Twin towers to grace Rajarhat skyline TNN \| Mar 29, 2012, 01.11AM IST KOLKATA: Rajarhat New Town will soon boast of have its own iconic 20-storeyed twin towers. The decision was made in a Housing Infrastructure and Development Corporation (Hidco) board meeting on Wednesday. HIDCO will soon float global tenders to set up the two 20-storeyed iconic twin towers in the upcoming international financial hub that will cost Rs 180 crore. This was decided in the Hidco board meeting on Wednesday. The international hub - the foundation stone for which was laid by chief minister Mamata Banerjee on March 10 - will be a part of the country's Look East policy and is projected to be the second such facility in the country after Bandra Kurla in Mumbai. Hidco chairman-cum-managing director Debashis Sen said that the twin towers will have state-of-the-art infrastructure necessary for the financial hub and will be located at prime positions within it. "We have decided to build the 20-storied twin towers for companies that want to set up offices in the financial hub. Hidco will soon float global bidsfor construction of the towers. The Infrastructure Leasing and Financial Services (ILFS) has been selected as the consultant to prepare bid documents," Sen said. It will cost Rs 180 crore to build these twin towers. Also, the Synthesis building was renamed as Finance Centre on Wednesday's meeting. The Hidco board decided that floor space in it will be made available to financial institutions. Expressions of interest for the purpose will be invited soon. On March 10 this year, chief minister Mamata Banerjee laid the foundation stone for the international financial hub. Apart from being The hub will be a cluster to not only for banks and but also for other financial institutions like insurance firms, mutual funds and offshore banking firms, the hub - when fully operational - would generate employment for around two lakh professionalswhen fully set up. Hidco has already floated expressions of interest to invite big financial houses with an annual turnover in excess of Rs 500 crore to set up offices in the hub. The last date of application is April 24. Plots have already been allotted to two major public sector banks - Allahabad Bank and State Bank of India. The Calcutta Stock Exchange has also received a plot to set up a facility at the hub. The hub will be a part of the country's Look East policy and is projected to be the second such facility in the country after Bandra Kurla in Mumbai. http://timesofindia.indiatimes.com/c...w/12447430.cms

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