Kolkata Project Update II - project news from Kolkata

[Suncity]

Unitech Uniworld City: Harmony

8 Towers


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[sidney_jec]

Source : TOI Epaper

DFID balm for Howrah



International Consultant Engaged To Revamp Twin City


Swati Sengupta | TNN



Kolkata: Department for International Development (DFID), has engaged Mott MacDonald, an international consultancy firm, to prepare an ‘economic rejuvenation plan’ for Howrah.
This plan will focus on the area between Uluberia and Bally. The firm will also prepare a riverfront development plan for the city.
On Sunday, a senior official of the state urban development department said: “DFID has informed us that Mott MacDonald has been asked to prepare the plans. A team from the firm will visit Kolkata shortly and the entire exercise will be completed within six months.”
The entire project will cost around Rs 1,000 crore, and the preparation of these plans is a part of the exercise, the official said.
Over the years, little planning has gone into the expansion of Howrah and as a result, Kolkata’s twin city has now become extremely congested. The city on the western bank of the Hooghly needs special attention on quite a few counts. Not only are the narrow roads and the drainage system crying out for repair, funds are required to boost the traditional industrial units that are dying a slow death.
The foundry units and jute mills, once the engines of the local industries, have long declined. The economic rejuvenation plan will show the way to attract projects that will revive commercial activities in Howrah, create new jobs and improve the overall quality of life.
The first step to revive the riverfront will involve identifying possible sources of funds. Apart from the beautification of the western bank, the consultants will also look at ways of revenue generation from the riverfront. Once the plan is in place, different agencies will be invited to implement the plan and translate the vision into reality.
And there’s more in store for Howrah. Mott MacDonald will look into selecting areas for new townships and IT hubs, improvement of the Howrah station area and the city’s central business district, widening of arterial roads, better transport facilities and conserving water bodies.
Once the plans are prepared, the consultancy firm will also market the projects to generate funds for these, the official said.

[sidney_jec]

Source: TelegraphIndia.com

Another daily flight to Dhaka
A STAFF REPORTER
Come September, Calcutta will have its third daily flight to Dhaka.

Jet Airways will start daily operations between the two cities from mid-September, “subject to the delivery of aircraft”, said Sudhakar Rao, the general manager (east) of the airline.

This will be Jet’s second international flight from the city. In January, it had launched a flight to Bangkok.

The new flight, to originate from Delhi, will take off from Calcutta at 8am and reach Dhaka at 9.15am (local time). It will leave the Bangladeshi capital at 10am (local time) and reach Delhi at noon.

Another aircraft will take off from Delhi at noon and arrive at the Bangladeshi capital at 2.30pm (local time). From Dhaka, it will start at 3.15pm (local time) and arrive in Calcutta at 3.30pm.

“The passengers will be connected to our Delhi-London-Delhi flights,” Rao said. “It will also be linked with Jet Airway’s Delhi-Brussels-Toronto service, which will start from September 5.”

The airline is targeting 65 per cent passenger load on the Delhi-Calcutta-Dhaka route. A Boeing 737-800 aircraft, with a seat configuration of 120, will be flown on the route.

According to travel industry sources, 500 passengers on an average travel daily between Calcutta and Dhaka. Several catch onward flights from there.

“The Calcutta-Dhaka market had slumped in the recent past, but it is picking up again,” said Anil Punjabi, the chairman (east) of the Travel Agents Federation of India. “With south-east Asia gaining popularity, Calcutta will get more passengers.”

[sidney_jec]

City set to get another Shopping mall cum multiplex

Shows stop, Chaplin revamp on track
29 Jul 2007, 0233 hrs IST,TNN
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KOLKATA: Kolkatans may soon be spoilt for choice as yet another multiplex is all set to come up in the heart of the city.

The century-old Chaplin — a city heritage and among the best-known cinemas in central Kolkata — will be demolished and converted into a multiplex-cum-shopping mall.

The project will be undertaken on a public-private-partnership basis between Kolkata Municipal Corporation and a private developer. The erstwhile Minerva cinema, now Chaplin and owned by KMC, was handed over to the West Bengal Film Development Corporation (WBFDC) on lease in the early 80s.

The hall's management on Thursday received a notice from WBFDC asking it to suspend all shows from Friday. This order, a section of the hall employees, claimed will spell the death-knell for the 707-seat hall that was once rated an A grade hall in the city.

The civic body, incidentally, was all set to float a tender for the public-private partnership project six months ago. But a tussle between the state government and the Kolkata Municipal Corporation over employment of the existing 16 employees, delayed the project and almost put it on the back burner. Finally, the ice melted when the state information and cultural affairs department agreed to take responsibility of those employees, said a Kolkata Municipal Corporation official.

Uncertainty though still looms large over the fate of a section of the employees. They have written to the WBFDC managing director, requesting him to specify the reason that prompted the government to suspend shows at the hall.

Mayor-in-council member (parks and squares) Faiyaz Khan said discussions were still on with the state government regarding the future of the employees. According to Kolkata Municipal Corporation plans, besides building a multiplex-cum-shopping mall, an entire floor will be reserved for the civic body to facilitate the expansion of its head office, which will also house a grievance-redressal cell apart from a few other departments.

Space will also be reserved for building a museum in memory of Charlie Chaplin. Kolkata Municipal Corporation has decided to showcase things used by the legendary film-maker.

[sidney_jec]

Source: Business-Standard.com

Puravankara to invest Rs 350 cr in Kolkata

BS Reporter / Chennai/ Bangalore July 31, 2007



Puravankara Projects, a Bangalore-based real estate company, plans to take up 2.58 million square feet residential development in Rajarhat in Kolkata, with an investment of Rs 350 crore.

Girish Puravankara, deputy managing director of the company, told reporters here that the Kolkata project was being executed through a joint venture company, Keppal Purvankara Development Ltd. In this project, Purvankara will have 36.26 per cent economic interest of the 2.26 million sft of saleable area.

Besides, Keppal Purvankara Development Ltd has taken up two projects in Bangalore. The first project in the JP Nagar area in the city is under development whereas the second is yet to start. “We are looking at more projects in India, in cities like Pune and Chennai,” Puravankara said.

In Chennai, Puravankara has entered into an MoU with Galaxy Properties for the joint development or purchase of 43.56 million sft of land. Purvankara is also ready to take up first overseas project in Colombo, Sri Lanka. The company has acquired 1.06 million sft of land to develop a high-end 100 residential villa project in Colombo.

According to Ravi Ramu, director, Puravankara Projects, the company holds a land bank of 94.6 million sft of saleable area, of which about 42.77 million sft of saleable is owned by the company and about 6.50 million sft is owned by subsidiaries. The rest 15.71 million sft is owned by the company through entities other than its subsidiaries.

Puravankara is a major player in South India, and has marketing presence in the Gulf countries and Sri Lanka. For the fiscal ended March 2007, the company reported a net profit of Rs 130.40 crore on a total revenue of Rs 416.90 crore.

Talking about company’s IPO, Puravankara said the company plans to issue 21.4 million equity shares of Rs 5 each through the book building route. It has fixed the price band at Rs 500-525. DSP Merrill Lynch, Citigroup Global Markets and Kotak Mahindra Capital are the lead managers to the issue.

The issue which opens on July 31 and closes on August 3, would constitute about 10 per cent of the fully diluted post-issue paid up capital of the company.

The company is planning to raise Rs 1,075 crore at the lower end and Rs 1,120 crore at the higher end through the IPO. It aims to use the IPO proceeds to repay debt of Rs 419 crore and expend Rs 360 crore towards land acquisition.

[Hindustani]

Ideal Heights, Calcutta

[Vegchop]

This is from last weekend

[Vegchop]

As of last week

[Suncity]

VegChop > Thanks for the updates...

[Vegchop]

Sun City here's a few more.

[Vegchop]

or a SUV proving ground....

[Vegchop]

Gangs of Rajarhat. Residential projects seem to be set up pretty close to each other. Here's a cluster of four projects.

[Vegchop]

Somewhat Non conventional design, yet typical Bengal Ambuja.

[Civitas]

Thanks vegchop..... it was very nice coverage !

btw, your screen name is too good ....VEGCHOP ...... I really wish to eat one right now .... is there any EGGCHOP

[Suncity]

Originally Posted by Civitas

Thanks vegchop..... it was very nice coverage !

btw, your screen name is too good ....VEGCHOP ...... I really wish to eat one right now .... is there any EGGCHOP

Kimba Dimer Devil holeo cholbe...

[Suncity]

WBHB's Eastern High project in New Town

photo copyright Soumya

[Suncity]

What's the Xtra Mall?

[SarafIndian]

Welcome VegChop.. I really liked your name.. I like VegChop also
We can call you dimer devil(according to Sun)

[SarafIndian]

Carlson Hotels has confirmed plans to develop the Radisson Hotel Kolkota, which is scheduled to open by 1 June 2010. Owned by Kolkata Hotels Ltd, the Radisson Hotel Kolkata will be located near Diamond Harbour in the southern suburbs of Kolkata, India.

The hotel will be located within a kilometre of the NSC Bose International Airport and is close to tourist attractions like Salt Lake, Park Street Rajarhat, the Victoria Memorial, Raj Bhavan and the India museum.

The hotel is based within seven acres. The existing hotel building will be completely demolished and rebuilt to Radisson specifications. The Radisson Hotel Kolkota will offer 250 rooms, an all-day dining café, various speciality restaurants, a stylish bar, health club, business centre, meeting and convention facilities and a swimming pool.

Speaking on behalf of the owner, Mr. Rajiv Kumar, director, Kolkata Hotels Ltd, said, "Kolkata is the main business, commercial and financial hub of Eastern India and attracts both domestic and international business travellers. Radisson Kolkata will offer world-class hospitality with a delightful mix of comfort, style and convenience to our guests."

Source: http://www.asiatraveltips.com/news07...lKolkata.shtml

[Vegchop]

It surely stands out. Though it's been stated some occupants of the building are critical about some walls curve within their apartments. Of course that's due to the cylindrical shape of the building. But Shrachi's attempt to offer something other than those match-box style apartments is commendable.