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Kolkata Project news for Kolkata Metropolitan Region - Kolkata, Howrah, Bidhan Nagar (Salt Lake), Nabadiganta (Sector V), New Town, Kalyani



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Old January 31st, 2005, 08:10 PM   #181
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I had posted news about this project before when it was announced but there were no renderings available at that time.

Here's more info

Project: AKANKHA - three clusters - LIG (Nayantara), MIG (Radhahcura) and HIG (Krishnachura).

Developer: Bengal Shelter Housing Development (WB Housing + Bengal Shelter joint venture)

Architect: Hafeez Contractor


Location




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The three towers of Krishnachura



Another view


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Old February 2nd, 2005, 09:24 AM   #182
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^ Looks great...the location is also nice...near the 10-lane MAR. Currently you can only see vast open spaces in the region with some earthmovers / trucks moving around. Looks like we are going to have a towering skyline in Rajarhat NEW TOWN pretty soon !
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Old February 2nd, 2005, 10:59 AM   #183
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Quote:
Originally Posted by sudipta_rch
^ Looks great...the location is also nice...near the 10-lane MAR. Currently you can only see vast open spaces in the region with some earthmovers / trucks moving around. Looks like we are going to have a towering skyline in Rajarhat NEW TOWN pretty soon !
I read the architect's name and felt good about this project. Then I read the project was along the lines of income categories, which basically implies that it's a government housing project for government babus. LIG, MIG and HIG Towers...can this be good? I am not so sure about it now!
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Old February 2nd, 2005, 11:22 AM   #184
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HIG / MIG / LIG

Quote:
Originally Posted by Madhusudhan
I read the architect's name and felt good about this project. Then I read the project was along the lines of income categories, which basically implies that it's a government housing project for government babus. LIG, MIG and HIG Towers...can this be good? I am not so sure about it now!
No..it is not for the government babus..it is a joint sector project for the general public. And by joint sector it means the WB govt and a private entrepreneur. The role of the govt is very limited. HIG, MIG,LIG classifications are done as per requirements of the communist government of Bengal. Cheap (starting at approx 1.5 lakhs) LIG flats are being cross-subsidized by costly HIG flats (starting at approx 15 lakhs). For applying for LIG / MIG there are restrictions on eligibility based on income criteria. And the flats are alotted to elligible applicants through lottery. HIG flats are available for all, usually in a FCFS basis. In fact, a lot of the HIG flats in the Rajarhat area are being bought by people working in the IT industry in neighbouring Sector-V of Salt Lake.
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Old February 2nd, 2005, 12:18 PM   #185
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Originally Posted by sudipta_rch
No..it is not for the government babus..it is a joint sector project for the general public. And by joint sector it means the WB govt and a private entrepreneur. The role of the govt is very limited. HIG, MIG,LIG classifications are done as per requirements of the communist government of Bengal. Cheap (starting at approx 1.5 lakhs) LIG flats are being cross-subsidized by costly HIG flats (starting at approx 15 lakhs). For applying for LIG / MIG there are restrictions on eligibility based on income criteria. And the flats are alotted to elligible applicants through lottery. HIG flats are available for all, usually in a FCFS basis. In fact, a lot of the HIG flats in the Rajarhat area are being bought by people working in the IT industry in neighbouring Sector-V of Salt Lake.
You contradict yourself by first saying that the "role of the govt. is very limited" and then "HIG, MIG,LIG classifications are done as per requirements of the communist government of Bengal. Cheap (starting at approx 1.5 lakhs) LIG flats are being cross-subsidized by costly HIG flats (starting at approx 15 lakhs). " Since we're talking subsidies, the role of the govt. cannot be limited. Besides, I have yet to encounter private housing schemes advertising themselves on LIG, MIG and HIG patterns. This way of classification is anathema to them because by using it, the market value of the project gets effected. Because simply put, no private investor who buys an apartment and is deemed as "HIG" sort of client, would like his apartment to be in the proximity of an "LIG" occupant. His property's market value will be severly dented! These are intrinsic worth issues, which every property developer and buyer are aware of. Besides, my interest in this project got aroused because of the three towers in the rendering. They seem to be quite tall, decent looking, and are designed by India's premier commercial architect. The point that boggles me is: how can a tower which is stacked up with 1,5 lakh rupee apartments, be architecturally seeworthy? Heck, even 15 lakh rupee apartments in skyscrapers are not upto scratch. In Kolkata itself, the starting price of Apartments in South City and Hiland Park, is upwards of 30 lakhs or so. It's clear that quality wise this project is not going to be worth anytalk. Probably end up like the Kaushambi project in Gaziabad, which came up in the early nineties.
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Old February 2nd, 2005, 03:30 PM   #186
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The joint sector projects of WBHB with private companies have been highy successful. Bengal Ambuja was one of the first such ventures and every one of its projects have been a smashing hit. There has been no hesitation amongst people to buy HIG apartments in a complex that also has MIG or LIG apartments. And even after a couple of years of completion, the project looks great and prices are rising.

DCL Bengal and Peerless Bengal have also sold out their projects. Bengal Shrachi, Bengal Shelter and Bengal Park Homes are also reporting excellent response to their mixed income development project.

The idea of mixed income development is nothing new. All state government housing boards cross subsidize irrespective of being communists or nationalist or centrist.

But the idea of roping in the private sector to bear the costs and take a percentage of total profits is new for WBHB. The private sector in Bengal seems to be happy with the profit margins and is not complaining.

The "Bengal" brand gives people the assurance that the builders have had their backgrounds checked and all plans have proper sanctions. Also the quality of the buildings by the joint sector has gone up exponentially compared to what the WBHB was building on its own. So buyers are happy too.

Not all joint sector projects are mixed income.

Belanis have developed Hilandpark in a joint venture with Kolkata Metropolitan Development Authority. Hilandwoods on the other hand is with WBHB. Silverspring is a joint sector of Sanjeevas and Kolkata Municipal Corporation.

More developers want to be part of these successful (and profitable) ventures. Some of them are complaining that the WB Govt is now trying to rope in bigger names from Delhi and Mumbai "ignoring" the smaller local companies.

As of now the concept looks successful.

For people who do not want to live in mixed income complexes, they are free to buy in private sector projects.


***************

The joint sector model is attracting attention.

Here's what Mr Yogendra Kr Modi, Sr Vice President, FICCI said in an address in Aug 2003.

"We all know that housing has been chosen as one of the thrust areas by Prime Minister Shri Vajpayee ji and we are pleased that the government has given a lot of focus to this sector which has undergone radical changes recently. The demand for housing coupled with entry of new players in the field has created tremendous growth prospects for the industry. A few years ago the market was rather dull. The scenario started changing with the entry of professionals in this sector. Their presence has lent the much required credibility and stability to the industry, with professional services from these groups a buyer can be sure about his purchase.

However, despite many initiatives by the Government the agenda in housing remains daunting as the shelter gap has continued to increase.

In view of the need to bridge the growing housing gap, the central and state governments are increasingly involving the private sector as a key stakeholder in the development of organised housing through various initiatives.

While the role of the government is expected to be primarily as a facilitator to the development process, the private sector participation is aimed at bringing technical and managerial expertise in formulating and delivering good quality mass housing projects. Government of West Bengal took a bold decision to join hands with private entrepreneurs in resolving the acute housing problem in urban areas. West Bengal model of development through joint-sector companies, where the government is an equal shareholder in the joint-sector company, has evoked considerable interest. The success of the projects developed in West Bengal in terms of providing housing to various income groups has encouraged other states to consider this for providing affordable mass housing."

Last edited by Suncity; February 2nd, 2005 at 03:45 PM.
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Old February 2nd, 2005, 04:22 PM   #187
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I dont know why Calcutta always flies under the radar. Its got so much highrise development going on. Those 3 towers at krishnachura looks great.
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Old February 2nd, 2005, 04:41 PM   #188
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Quote:
Originally Posted by Madhusudhan
They seem to be quite tall, decent looking, and are designed by India's premier commercial architect. The point that boggles me is: how can a tower which is stacked up with 1,5 lakh rupee apartments, be architecturally seeworthy? Heck, even 15 lakh rupee apartments in skyscrapers are not upto scratch.
The three towers are the HIG towers and have their own upgraded amenities and maintenance societies. They don't have MIG or LIG apartments.

MIG and LIG buildings are in separate clusters in such projects.
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Old February 3rd, 2005, 01:34 AM   #189
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30 acres set aside in Rajarhat for IT units

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The West Bengal Information Technology Department has decided to offer around 30 acres of land at New Town in Rajarhat to IT entrepreneurs for developing their building and infrastructure.

Christened Knowledge Corridor, plots measuring one acre, half acre and quarter acre would be allotted to entrepreneurs for setting up their own building in these plots.

New town lies within 10 kilometers of Kolkata’s central business district and a few KM from the international airport.

Some of the biggest names in business space solution have already been allocated plots of land like the Unitech Group. Around 50 acres of land has been allocated to them and another 20 acres of land has been earmarked for another company in the adjacent areas of the Knowledge Corridor.
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Old February 3rd, 2005, 05:36 AM   #190
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Quote:
Originally Posted by Suncity
The three towers are the HIG towers and have their own upgraded amenities and maintenance societies. They don't have MIG or LIG apartments.

MIG and LIG buildings are in separate clusters in such projects.
From the top view, it seems that the smaller buildings with red roofs in the top right corner of the picture are MIG and those with orange roofs just below them are LIG.
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Old February 3rd, 2005, 07:22 AM   #191
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Hiland Park vs Hiland Oak

Quote:
Originally Posted by Madhusudhan
You contradict yourself by first saying that the "role of the govt. is very limited" and then "HIG, MIG,LIG classifications are done as per requirements of the communist government of Bengal. Cheap (starting at approx 1.5 lakhs) LIG flats are being cross-subsidized by costly HIG flats (starting at approx 15 lakhs). " Since we're talking subsidies, the role of the govt. cannot be limited. .
When I said limited I actually meant that the housing projects are being entirely designed and executed by the private partner. So we do not get the stereotype "govt flat" design - which as per my opinion look very ugly in the city skyline. These joint sector complexes have quite an aesthetic appeal about them.

Quote:
Originally Posted by Madhusudhan
the market value of the project gets effected. Because simply put, no private investor who buys an apartment and is deemed as "HIG" sort of client, would like his apartment to be in the proximity of an "LIG" occupant. His property's market value will be severly dented! These are intrinsic worth issues, which every property developer and buyer are aware of.
The HIG,MIG & LIG apartments are segregated in seperate clusters within a complex - so an HIG occupant would not get an LIG occupant as a neighbour. But yes, they would live in the same neighbourhood. Yet, the HIG apartments sell like hot cakes. That is because in the Rajarhat NEW TOWN, which is destined to be a planned township with state-of-the-art ameneties and close proximity to the city's IT hub, joint sector projects are the only option to by an apartment.

Quote:
Originally Posted by Madhusudhan
Besides, my interest in this project got aroused because of the three towers in the rendering. They seem to be quite tall, decent looking, and are designed by India's premier commercial architect. The point that boggles me is: how can a tower which is stacked up with 1,5 lakh rupee apartments, be architecturally seeworthy? Heck, even 15 lakh rupee apartments in skyscrapers are not upto scratch. In Kolkata itself, the starting price of Apartments in South City and Hiland Park, is upwards of 30 lakhs or so.
As Suncity has already said, the highrises are for HIG only. Apartments in south city are so expensive (upwards of Rs 2000 / sq ft) because of its location - in the heart of South Kolkata - next to the Royal Calcutta Golf Club.

Hiland park on the EM Bypass is much cheaper - there are apartments available at even Rs 17 lakhs ! Rates range from Rs 1273 / sq ft (1st floor) to Rs 1411 / sq ft (26 floor).

Compare that to joint sector project "Hiland Oak" in Rajarhat new town by the same group -

HIG apartments rates range from Rs 1344 / sq ft (1st floor) to Rs 1546 / sq ft (22nd floor). Unit prices start at Rs 22.5 lakhs. There are also some duplex townhouses ranging from Rs 42-46 lakhs.

Also, there are 770 sq ft MIG apartments at Rs 8.5 lakhs (Rs 1103 / sq ft) and 495 sq ft LIG apartments at Rs 2.5 lakhs (Rs 505 / sq ft).

In the ratio of apartments, the HIG & MIG combine far outnumbers the LIG apartments.

210 HIG ( 158 apts + 52 duplex)
218 MIG
54 LIG

Income criteria (based on monthly gross income) is as follows -

For MIG - not exceeding Rs 15,000 pm
For LIG - not exceeding Rs 6,000 pm

I got all this info from the official Hiland Group Website
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Old February 5th, 2005, 04:08 AM   #192
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Calcutta West International City update

Beni Santoso, the executive director of the Indonesia-based conglomerate - the Salim Group - met Buddhadeb Bhattacharjee at Writers’ Buildings this evening and appraised him of work on the Calcutta West International City, for which the company — along with the Ciputra group — is pumping in $350 million.

Prasun Mukherjee, the Indonesia-based industrialist who is partnering the Salim Group and is the director of the international city project said work on the township has started. “At today’s meeting, Beni told the chief minister work has started and thanked the government for its assistance.”

He added: “We intend to have six model bungalows ready by September 1.” The township will have about 5,800 bungalows, which will comprise 92.5 per cent of the total construction in the township.

The new city at the intersection of Howrah-Amta Road and National Highway 6 will have, schools, hospitals, shopping malls and multiplexes.

Four agencies from Singapore and Jakarta are working on the engineering and architectural aspects of the township and its master plan.

Mukherjee also said: “The Salim Group is seeking bigger plots — of about 5,000-10,000 acres — elsewhere in Bengal, and the chief minister was very excited about it. Buddhababu said the government would do its best to identify land for us.”

Beni Santoso, the executive director of the Indonesia-based conglomerate, today also responded positively to the government’s request for its involvement in building and developing about 1,000 km of roads in and around the city.
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Old February 5th, 2005, 04:25 AM   #193
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Calcutta port awaits report on cargo unit

http://www.telegraphindia.com/105020...ry_4338882.asp

The Japan International Co-operation Agency (JICA) is likely to conduct a feasibility study in April to set up cargo-handling facilities at Sagar near Sandheads.

A decision will be taken on the proposed project after the feasibility report comes through, Calcutta Port Trust chairman A. K. Chanda said at a seminar on ‘shipping’s role in the resurgence of the east’ organised by the Bengal Chamber of Commerce and Industry (BCCI).

He said with 46 million tonnes of cargo handled in 2004-05, which is a 13 per cent increase over the previous year, the Calcutta port has moved into the second position after Vishakhapatnam.
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Old February 6th, 2005, 01:03 AM   #194
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Kolkata's largest private residence - sold

A consortium of real estate developers has bought most of the famous Jain House, till recently the largest private residence in Kolkata.

The landmark property, which is the ancestral house of the Jains of Bennett, Coleman & Co (BCCL) [Owners of TOI], was sold by Amit Judge, husband of late Nandita Judge, the late sister of Samir and Vineet Jain of BCCL.

The plot, which is located in the upmarket Alipore locality, covers 120 cottahs, and the project cost is estimated to be more than Rs 80 crore.

Details at http://www.business-standard.com/hou...x=12&lselect=1
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Old February 6th, 2005, 02:25 PM   #195
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Question

Quote:
Originally Posted by Suncity
Kolkata's largest private residence - sold

A consortium of real estate developers has bought most of the famous Jain House, till recently the largest private residence in Kolkata.

The landmark property, which is the ancestral house of the Jains of Bennett, Coleman & Co (BCCL) [Owners of TOI], was sold by Amit Judge, husband of late Nandita Judge, the late sister of Samir and Vineet Jain of BCCL.

The plot, which is located in the upmarket Alipore locality, covers 120 cottahs, and the project cost is estimated to be more than Rs 80 crore.

Details at http://www.business-standard.com/hou...x=12&lselect=1
Can anyone appraise me how much 120 cottahs is in acres or square meters?
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Old February 6th, 2005, 02:30 PM   #196
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Quote:
Originally Posted by Suncity
Calcutta West International City update

Beni Santoso, the executive director of the Indonesia-based conglomerate - the Salim Group - met Buddhadeb Bhattacharjee at Writers’ Buildings this evening and appraised him of work on the Calcutta West International City, for which the company — along with the Ciputra group — is pumping in $350 million.

Prasun Mukherjee, the Indonesia-based industrialist who is partnering the Salim Group and is the director of the international city project said work on the township has started. “At today’s meeting, Beni told the chief minister work has started and thanked the government for its assistance.”

He added: “We intend to have six model bungalows ready by September 1.” The township will have about 5,800 bungalows, which will comprise 92.5 per cent of the total construction in the township.

The new city at the intersection of Howrah-Amta Road and National Highway 6 will have, schools, hospitals, shopping malls and multiplexes.

Four agencies from Singapore and Jakarta are working on the engineering and architectural aspects of the township and its master plan.

Mukherjee also said: “The Salim Group is seeking bigger plots — of about 5,000-10,000 acres — elsewhere in Bengal, and the chief minister was very excited about it. Buddhababu said the government would do its best to identify land for us.”

Beni Santoso, the executive director of the Indonesia-based conglomerate, today also responded positively to the government’s request for its involvement in building and developing about 1,000 km of roads in and around the city.
I think in this day'n'age they should concentrate on constructing fine quality multistoreyed condos, rather than town houses. If I understand correctly the trends of Delhi and Mumbai; then it makes sense to invest in apartments. I know this because in Gurgaon I have three plots, and likewise many others', my plots are empty too. Not much construction has been going on, whereas the apartment projects are being snapped up like hot cakes. Frankly speaking, apartments are safer than town houses, and that's why people prefer them nowadays.
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Old February 6th, 2005, 04:44 PM   #197
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Quote:
Originally Posted by Madhusudhan
I think in this day'n'age they should concentrate on constructing fine quality multistoreyed condos, rather than town houses. If I understand correctly the trends of Delhi and Mumbai; then it makes sense to invest in apartments. I know this because in Gurgaon I have three plots, and likewise many others', my plots are empty too. Not much construction has been going on, whereas the apartment projects are being snapped up like hot cakes. Frankly speaking, apartments are safer than town houses, and that's why people prefer them nowadays.
There must be some reason why this is being planned as a low rise area in general. The other new town in Rajarhat will have plenty of co-op apartments[not necessarily highrise]. If Rajarhat is an example, both bunglow plots and apartment lots were sold out within days.

We will have to wait and see the response to Calcutta West. The location is good - just 15 mins to Park Street/Chowringhee but Howrah is not considered a hip place. Howrah with a population of million is completely unplanned and a nightmare for road travel. A former major industrial town, many Calcuttans referred it to as "Coolie Town" and the snobbishness remains. The "City of Joy" slum - Ananda Nagari is supposedly based on the slums in Howrah.

Last edited by Suncity; February 6th, 2005 at 04:56 PM.
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Old February 6th, 2005, 05:07 PM   #198
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Quote:
Originally Posted by Suncity
There must be some reason why this is being planned as a low rise area in general. The other new town in Rajarhat will have plenty of co-op apartments[not necessarily highrise]. If Rajarhat is an example, both bunglow plots and apartment lots were sold out within days.

We will have to wait and see the response to Calcutta West. The location is good - just 15 mins to Park Street/Chowringhee but Howrah is not considered a hip place. Howrah with a population of million is completely unplanned and a nightmare for road travel. A former major industrial town, many Calcuttans referred it to as "Coolie Town" and the snobbishness remains. The "City of Joy" slum - Ananda Nagari is supposedly based on the slums in Howrah.
Is this scheme some sort of slum-rehab type, similar to one that's going on in Mumbai?
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Old February 6th, 2005, 05:55 PM   #199
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Quote:
Originally Posted by Madhusudhan
Is this scheme some sort of slum-rehab type, similar to one that's going on in Mumbai?
No.
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Old February 7th, 2005, 04:25 AM   #200
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More info about Sunrise Point: Unfortunately the website is not working right. They are probably redesigning it still. Here's some info from what's working.


******************
Sunrise Point
Action Area IIC of New Town

Developed by Bengal Park Chambers Housing Development Ltd, a joint sector company of West Bengal Housing Board and Sureka Group's Park Chambers Housing.



Saffron (HIG) - 3 Towers of 2 wings each; 20 storeys; 264 apartments
Crimson (MIG) - 2 Towers of 2 wings each; 18 storeys; 204 apartments
Orange (LIG) - 62 apartments

Layout


Last edited by Suncity; February 8th, 2005 at 01:27 AM.
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