Date:18/07/2005 URL: http://www.thehindubusinessline.com/2005/07/18/stories/2005071801211300.htm

Back Bengal Unitech plans real estate projects worth Rs 3,000 crore

Our Bureau

Kolkata , July 17

BENGAL Unitech Universal Pvt Ltd has unveiled two real estate projects in New Town Rajarhat near Kolkata, the implementation of which is estimated to entail an investment of Rs 3,000 crore.

Spread over 150 acres of land, the project would comprise an IT Park christened Infospace and a multi-residential project called Uniworld City.

The multi-residential facility would be spread across 100 acres of land and have 8.5 million sq.ft of area while the IT park would be spaced over 50 acres of land and have 4.5 million sq.ft of area, Mr Prasoon Mukherjee, Director of Bengal Unitech Universal, told a press conference here.

The residential project would entail an investment of Rs 1,800 crore while the IT park would necessitate an investment of Rs 1,200 crore.

Mr Mukherjee said RMJM of Scotland has been selected as the architectural consultants for the proposed projects, which are expected to provide a fillip to infrastructure at Kolkata's satellite township of New Town Rajarhat. While the IT park would have IT firms, software development centres and call centres, the residential facility would have 82 apartment blocks ranging from nine stories to 27 stories. It would also have other lifestyle facilities for meeting health, education and sporting needs.

Mr Goutam Deb, West Bengal's Minister for Housing, said the demand for land in New Town Rajarhat was on the rise. The State Government would soon allot land in Rajarhat to 42 IT and ITES companies that have, over the years, contributed to the development of the IT sector in West Bengal. He said a proposal has been received for the setting up of one five-star hotel and one three-star hotel in Rajarhat as well.