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Long term Lease of KIT Shops


Beautiful Bengal

Public Private Partnership Project (PPP)

Project Name

RESIDENTIAL COMPLEX AND OFFICE-CUM-COMMERCIAL COMPLEX AT 2 NEARBY SITES IN EAST KOLKATA

Project Particulars

The site of about 2 acre near Ruby Hospital to be developed as a Commercial Complex and the site of about 2.4 acre near Nilachal Co-op Housing along RB Connector to be used for exclusive residential complex.

Estimated Cost (Rs. in Crore)

Yet to be assessed

Name of Selected Private Developer

South City - Merlin Consortium / Kolkata Metropolitan South City Development Ltd. (Newly formed JV)

Period of Contract / Covenan

99 years

Current Status

MoU with South City Merlin Consortium signed in mid-Dec 2007. The JV company namely Kolkata Metropolitan South City Development Ltd. (KMSCDL) already formed. Certificate of Commencement received from ROC. The plots near Ruby Hospital being fenced. Litigation against the plot adjoining Neelachal Co-op, being addressed. Draft Development Agreement being reviewed. Building Plans for the Ruby site under preparation.