DLF Ltd has announced that the Company has clinched the deal to develop an integrated town ship on 95 acres at Durgapurin the heart of the city. The public-private participation (PPP) project envisaged by the Asansol Durgapur Development Authority (ADDA), is expectedinvite investment up to Rs 4,000 crore and is to be completed in four years.
Based on a cross-subsidy model, the Dugrapur project will cater to all segments and comprise of Co-operative Housing Plots, residences for low, middle and high income groups as well as Bungalows, individual plots, commercial and retail space.
The Company will utilize the services of leading architectural and engineering Companies to design the township which will have large green spaces, wide roads, attractive retail and commercial spaces, an all-encompassing club with a swimming-pool, gymnasium, tennis court, card-room and state-of-the-art entertainment zone.
The township will have multiple environment protection measures like solar lights, rain-water harvesting, water recycling, use of waste water for toilet-flushing, irrigating green area and also a sewage treatment plant.
There were about 30 Companies who submitted their Expression of Interest. However, only one could clinch the deal the largest real estate player in India the Company. The group with its plans to capitalize on emerging market opportunities and provide high-end facilities through its proven expertise is the perfect partner for ADDA to translate its vision into reality.
With this project the Company reinforces its strong commitment for West Bengal. The company is developing around 5000 acre township and a textile SEZ at Dankuni, two IT parks at Rajarhat, luxury, budget hotels and service apartment in Kolkatta.
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