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CITY NEWS
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REAL
ESTATE
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RMC Gems, newly launched Alexite?
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RMC GEMS THAI is an authorized reseller of AZOTIC’S&a mp;reg;
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E-Filing of Forms/Returns at ROC under Digital Signature (DSC)
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Latest Jewelry Collections from jeweltrades
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Available for Sale 2 BHK Apartment in Bangalore
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News
Calcutta Mayor's Call To Realty
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`Solar Power To Run Telecom Towers, Agricultural Pumps'
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Backward Muslims In Bengal To Get OBC Certificates Soon
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State Not Giving Land For Metro Projects, Says Mamata
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West Bengal Promises Infosys Maximum Built-Up Space in Rajarhat Campus, Kolkata
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Development
Rs 35L Project To Preserve Wetlands
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West Bengal Minister Offers Free Land To Mamata For Extending The Metro Corridor
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Railway Seeks Pvt Help To Develop 93 Stations
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Bid To Regulate Sunderbans Tourism Govt
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Five New Projects Approved Under JNNRUM
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Business
Manufacturing Land To Avoid Controversy
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Bengal Shipyard Project Yet To Overcome Land Hurdle
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Bengal Says Will Complete Land Allotment To Three Steel Plants By Sept
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Bengal Says Will Complete Land Allotment To Three Steel Plants By Sept
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Govt Likely To Corporatise 12 Major Ports Soon
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Computer
Gupshup
After BlackBerry, Govt Turns Heat On Internet Service Providers (ISPs)
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Going Online: IT Majors Take Tech Route To Hiring
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All Govt Services To Be At Your Mouse-Tip Soon
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Improving Efficiency: Indian BPOs Work At Client Sites To Reduce Costs Without Job Cuts
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Don't Believe This Notice From Gmail, Asks Users To Update Account Details For Security Reasons
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Infrastructure
NABARD Sanctions Rs 284.5 Crore For Rural Infrastructure In West Bengal
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WB Govt Sanctions Rs 10 Crore To Make Beliaghata Canal
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Infra Issues Halt IT Hub's Progress In City
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Centre Welcome To Acquire Land For Pending NH Projects In Bengal: Govt
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Race To Build Airport City
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Tourism
Low Cost Ganga River Cruise from Kolkata to Patna to Start in October
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West Bengal Identifies New Tourism Spots
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Tour Agents Plan To Make Monsoon A Visit Season
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Salt Lake Bheris To Be New Eco-Tourism Hubs
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Bengal Targets River Tourism For Growth
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Real
Estate
Realtors Slapped Benami Notice
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Rs.400 Crore For Housing For Urban Poor In West Bengal
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Right Time To Bargain For A Better Price
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Forum Projects To Invest Rs 1,000 Crore in 3 Years
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India's Commercial Space To Face The Problem Of Plenty
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Kolkata
Metro
AC Travel For Kolkata Metro Commuters Soon
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Oldest Kolkata Metro Railway Service Is Gearing Up With A Major Revamp Of Its Security System
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Kolkata Metro Rail Introduces Integrated Security Plan
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Metro Rail Ticketing Chugs On A Hi-Tech Track In Kolkata
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Metro To Run Full Stretch By July
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Environment
Kolkata On Brink Of Civic Disaster: World Bank Study
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West Bengal Govt Sanctions Rs 10 Crore To Make Beliaghata Canal
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Kolkata Municipal Corporation (KMC) Restores Green Turfs
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West Bengal Declares 11 Districts Drought-Affected
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Volunteers To Keep Watch On City Green Cover
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Health
City Hospital Starts Air Ambulance Service
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KMC Mulls Health Cover For 11.5L BPL Families
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KMC To Upgrade Maternity Homes
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Touts Tighten Grip On SSKM Hospital
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Mobile Healthcare May Soon Become Real
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Education
Edify To Set Up 7 Schools In West Bengal and India's North East region
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School To Spare The Rod, Cut Marks
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IIM Calcutta Fellow Programme In Management (FPM) Admission 2011
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IIT-Kharagpur Hopes To Get Cabinet Nod For Medical School
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Build A Great Wall of Books
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Fun & Games
Inter School Squash Tournament Launched In Kolkata
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Calcutta Football League Premier Division To Start Tomorrow
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Govt Plans To Set Up 4 Residential Sports Schools
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Bengal To Provide Sports Stipend To 15,000 Children To Promote Sporting Talents
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West Bengal Holds Kickboxing Championship To Train Teenagers
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Roaks
in Kolkata
PWD Handed List of 34 Roads For Upkeep
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Link Road To Bypass South Choke-Point
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Roads Has Become A Nightmare For City Dwellers And Pedestrian
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Car Breakdown Or Accident On Toll Highway? Seek Free Help
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Metro To Mud Roads
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History
of Kolkata
Kolkata's Heritage Sold For Rs 12 cr
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Italian Help To Revive Kolkata Glory ,Identify Heritage Spots For Restoration
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Calcutta Pocket Is Poised To Deck Up Its Slice of Awadhi History ,Decide To Spend Rs 42 lakh
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E India's biggest trading hub in Kolkata gutted, Damages Estimated To Run Into Crores
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Bengal's Jain Connection Goes Back 1000 Years
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Important
Telephone Numbers
IMD Plans To Offer Weather Updates On Mobile Phones
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Calling Customer Care? It May Not Be Toll Free
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Why You Will Have To Live With SMS Ads
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Landlines Fast Disappearing From Kolkata
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Get Online to Put Your Telco In Line
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Local
Transportation
Five Years After Ban, Kolkata Rickshaw Pullers Yet To Be Rehabilitated
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Welfare Scheme For Transport Workers
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75 Pairs Of New Trains Introduced During Durga Puja: Mamata
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Subsidy For Transporters Of Re One per litre On Diesel Used
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Govt Refuses To Hike Transport Fares
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Electricity
Power Tariffs Hiked In Bengal
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Rural Houses To Have Electricity By June 2011
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Talks To Set Up Thermal Units At Power Plants
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`Hike In Green Power Tariff Will Bring In More Projects'
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Brace For 12-Hour Power Cuts Two Years From Now
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Water
DVC To Increase Water Discharge To Save Paddy Cultivation
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Hooghly Water For Rajarhat On A Trial Basis
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Water Scarcity Likely To Hit Haldia Soon, Courtesy Citu Strike
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Water Tax Dispute Spreads To Sector V
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Water Woes May Tilt Vote Scales
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Good
Eating Places Around?
Kolkata Restaurants Not To Charge More During Durga Puja
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Tangra With Love in Beijing, The Fine Places In Terms of Food, Service And Sense of Hospitality
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MUSICIAN AND FOODIE NONDON BAGCHI TAKES US THOUGH THE PERFORMANCE OF A STRING SENSATION
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King of kebab craft
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Local
Artists and Performances
Kolkata Holds Handicrafts Fair For Rural Self-Help Groups
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Treat For Music Lovers in Kolkata
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Create Your Comic
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Asutosh Mookerjee's Rare Books On Exhibit
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Bauls Come Together In Kolkata To Showcase Their Music In 3-Day Baul Music Festival
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TOP STORIES
Panel To Shield Babus From `Pointless' Charges
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Cracked Garden Reach Pipeline Shatters Supply In South Kolkata
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Pink Slip Fear Drives Techies To Docs
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Regd olive garden project by canopy in rajarhat
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Poor Sanitation System In Most Of The Government-Run And Government-Aided Schools In The State
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Real Estate
Realtors Slapped Benami Notice
By ugesh sarkar, Section Real Estate Posted on Wed Sep 01, 2010 at 03:21:40 AM EST
In a role reversal of sorts, the CPM government once a champion of land reforms seems to be fighting its own men. The land department, in a recent order, has served a vesting notice on a real estate company that has 80.07 acres of "benami" land in Rajarhat outside the New Town area. The company is run by a group that includes a close relative of a former CPM MP.
Documents with TOI reveal that the land is spread over two mouzas Ganragari and Mahisbathan in North 24-Parganas. Canopy Projects Private Ltd had this land under possession, close to Olive Garden, an upcoming property, for all these days till the Vedic Village case. The recovery of arms from this high-profile resort exposed the land grabbing by realtors in the once-remote areas of Rajarhat, outside the New Town area.
The land department has asked Canopy Projects officials to "appear before the block land and land revenue officer, Rajarhat, on August 23 and furnish a statement describing which portion of the land under ceiling area the company wants to retain and specify the stretches of land it opts to surrender." Buying land from farmers by floating a company has been going on in the suburbs in collusion with politicians both from the ruling party and the Opposition till the government chose to mend its ways after being rebuffed by farmers in the panchayat, municipal and Lok Sabha polls.
The benami plots identified at Ganragari and Mahishbathan point to a controversial property under Canopy Infrastructure Development.
Source: Times Of India Realtors slapped benami notice
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Rs.400 Crore For Housing For Urban Poor In West Bengal
By akansha, Section Real Estate Posted on Wed Aug 25, 2010 at 12:59:54 AM EST
The West Bengal government has allocated Rs.400 crore for 2010-11 for construction of new dwelling units and renovation of the existing ones for all homeless slum-dwellers and those who were not beneficiaries of the Jawaharlal Nehru National Urban Renewal Mission.
Of this amount, about Rs.50 crore has already been granted. Through this project, municipalities will arrange for construction of low-cost, safe dwelling units. So far proposals from 105 municipalities have been received.
In all, 2,684 houses will be renovated and 1,177 houses newly constructed with the allocation of Rs.50 crore. The project value of all the proposals taken together is Rs.25 crore. About half of this amount has been released.
Source: The Hindu Rs.400 crore for housing for urban poor in West Bengal
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Right Time To Bargain For A Better Price
By ugesh sarkar, Section Real Estate Posted on Thu Aug 19, 2010 at 11:33:42 PM EST
The Housing Market has option across all categories- affordable, mid-income and luxury.
The spurt of launches in the real estate market is not news anymore. With new names getting added to the list every month, there's already a supply glut. And, the pertinent question now is whether it makes sense to buy a house at this point.
A report released on 18 August by ICICI Securities Ltd, Real Estate Pulse II, says that under-construction supply in the residential space over eight tier I cities is 213 million sq. ft. Of this, 19.8 million sq. ft is ready to move, says the report, which surveyed the market in June and July. Data provided by property consultants Jones Lang LaSalle shows that at least 122,000 units were launched across seven metro cities between January and June.

The basic law of demand and supply tells us that when supply goes up, the prices should fall. Agrees Anil Sharma, chairman and managing director, Amrapali Group, a Noida-based developer firm: "When there is healthy supply in the market, chances of getting a large discount are high."
The 2008 price shock forced developers to launch projects at realistic prices. However, when the market started recovering towards the end of 2009, developers gradually moved from affordable housing to mid-income housing, according to data available with PropEquity Analytics Pvt. Ltd, a Gurgaon-based property consultancy firm. In fact, in the last six months, the shift has become more pronounced with quite a few launches in the premium and luxury segments.
This, in effect, means that the supply is equally divided across various price points. "A wider range of housing, priced at various levels, is now available in the market," says Samir Chopra, director, REMAX India, a property consultancy firm.
So, does that mean, you can get a better price for the same apartment? In all probability, yes. With adequate options at hand, you just need to make the right moves.
Source: Live Mint By Devesh Chandra Srivastava Right Time To Bargain For A Better Price
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Forum Projects To Invest Rs 1,000 Crore in 3 Years
By Shashank, Section Real Estate Posted on Sat Aug 14, 2010 at 12:23:45 AM EST
Realty major Forum Projects that gave the city its first mall back in 2003 will embark on an expansion drive adding 3.7 million square feet of retail space within the next three years, with a total investment of Rs 1,000 crore. The projects would be spread across the eastern region and encompassing tier-II city like Bhubaneswar and tier-III ones like Jamshedpur and Rourkela, along with Kolkata and Howrah.
"There exists real retail market potential in the tier-II and tier-III cities in eastern India. Keeping this in mind, we plan to extend our reach to over 2 million square feet of mixed-use development by 2012, and another 3.5 million thereafter," Rahul Saraf, managing director, Forum Projects, said at the launch of Forum Courtyard.
Forum Courtyard, at an investment of Rs 60 crore, was an extension of the Forum mall, and houses international brands, making its foray into the city. These include names such as Mango, Promod, Aldo, Charles & Keith, Mother Care, Anita Dongre, Sisley, Sunglass Hut, Body Shop, and Alcott among others.
Along with retail space addition, Forum is looking at expanding its footprint in terms of real estate projects in Howrah, Bantala, and Adityapur, with a combined space of 6.7 million square feet. Forum Projects plans a luxury condominium project adjacent to Science City at Eastern Bypass, at an investment of Rs 300 crore.
Source: Realty Plus Forum Projects to invest Rs 1,000 crore in 3 years
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India's Commercial Space To Face The Problem Of Plenty
By ugesh sarkar, Section Real Estate Posted on Tue Aug 03, 2010 at 11:21:58 PM EST
India's realty sector is likely to face the problem of plenty with office rental space set to outstrip demand resulting in a further drop in rentals, according to a report released on Tuesday. "With the forecast growth of net completions expected to outpace that of net absorption, a significant supply overhang is expected to remain over the next one year," Confederation of Indian Industry (CII) and global real estate services firm Jones Lang Lasalle Meghraj said in a joint report.
"This will lead vacancy level across India, which was 17.2 percent in 2009 to rise to 20 percent by 2010 end," it added.
It said the commercial lease and rental space in India would witness a low occupancy rate till 2011.
The report, however, added that most Indian cities have witnessed an increase in the volume of lease transactions in the first quarter of 2010 with Delhi, including the national capital region, Mumbai and Hyderabad having recorded more than a million square feet of leases each.
In 2009, occupiers showed a strong preference towards operational vacant stock rather than projects under construction, a departure from 2007-08, the report pointed out.
Source: Hindustan Times India's commercial space to face the problem of plenty
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Jagdishpur Mouza IT Project Bites The Dust
By ugesh sarkar, Section Real Estate Posted on Sun Aug 01, 2010 at 11:13:23 PM EST
The information technology (IT) project to be developed in Jagdishpur mouza on the north-eastern fringes of Kolkata, much like many others in the state, is in limbo.
"The project was supposed to be developed by the Rahul Saraf controlled Forum Projects. They won the tender in a bidding process. The group, however, has quit the project. Instead of re-tendering and inviting fresh bids, the government has decided to do the development work on the IT park itself," said an official close to the development.
When first announced in 2007, the Bengal government had outlined the plans. The site was chosen because of its proximity to the city, along with the fact that land prices in Jagdishpur would range between Rs 50-60 lakh per acre as opposed to the skyrocketing Rs 2.16 crore in Rajarhat-the then planned showpiece IT park that was to house the a Infosys campus in the city along with a second Wipro one.
"In the first phase of the project, 100 acre was slated to be acquired out of the total spread-over of 330 acre. We are still in talks over the intricacies of the project and no details have been finalised yet," said the official.
Considering that the project had been announced in 2007, its present status does not seem to inspire much hope about its future.
The project had been conceived as a backup to Rajarhat for Infosys. The Rajarhat project has since been shelved, and Infosys is yet to come up with a definite proposal. What this holds out for the Jagdishpur project is to be seen.
Source: Sify.com Jagdishpur mouza IT project bites the dust
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Develop Project Area, Says KMC
By Shashank, Section Real Estate Posted on Tue Jul 20, 2010 at 01:30:22 AM EST
In a bid to meet the city's burgeoning housing needs, Kolkata Municipal Corporation has decided to relax the norms for highrises. Since there is a massive space crunch in the city, the civic authorities have removed height restrictions for buildings coming up on plots that have a road at least 15 metres wide in front. The buildings department is also providing special relaxations o floor area ratio (FAR) on a case-by-case basis.
The amendment in 2009 that lifted the embargo on height comes after nearly two decades. The last amendment in the building rules was in 1991 when buildings at 14.5 metres tall were considered highrise. To build over this height, special permission from KMC was needed. Now, the new definition of highrise pertains to buildings at least 15.5 metres tall. If the road in front is 15 metres wide, there will be no height restriction.
There is one catch though. Builders have to chip in with infrastructure development and other social causes. "While encouraging vertical growth with special relaxations, we are urging big realtors to contribute to infrastructure development. The response has been good," a buildings department official said.
Some builders have been asked to fund roads, drainage and even street lights in areas that are yet to be developed by KMC. Ruchi Realty that is building a condominium project near Tangra, is providing street lighting planting trees. Urbana Housing has coughed up Rs 6 crore to widen the Chowbhaga Road. Developers of South City on Prince Anwar Shah Road had similarly transplanted several trees when the project was being built.
According to Rahul Todi, MD of Shrachi group and one of the partners in Urbana, such investment is mutually beneficial to the project as well as the community at large.
Ruchi Realty project in-charge Shivam Mastana, too, said the group was more than willing to contribute in community development as it would lead to the betterment of the neighbourhood.
Source: Times Of India Develop project area, says KMC
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High Rises On Bypass Refugee Land
By ugesh sarkar, Section Real Estate Posted on Thu Jul 15, 2010 at 12:32:18 AM EST
It's all messed up along the Eastern Metropolitan Bypass. Government land meant for one purpose has been used for another, with the supposed beneficiaries left in the lurch. This is the story of approximately 100 acres along the Bypass that has seen a construction boom of highrises and commercial institutions on land originally meant for rehabilitation of refugees who fled Bangladesh in 1971.
The Bengal government has failed to give them a home in 39 years, 34 of which was ruled by the Left Front. As if the failed promise wasn't bad enough, another department sold off the plots to private companies at record prices, flouting all norms. After the damage was done, a third government department has started reclaiming its pound of flesh.
Transfer of land along EM Bypass a real estate goldmine in recent years has raised eyebrows for a long time, but never had a government department accused another of "illegally" transferring plots and pocketing the money.
The land and land reforms department has alleged that about 100 acres of land, originally allotted for rehabilitation of Bangladeshi refugees, has been sold off to private companies by Kolkata Metropolitan Development Authority for crores of rupees. The allegation has already led to a major tiff between ministers Asok Bhattacharya (urban development) and Abdur Rezzak Mollah (land).
Source: Times Of India High rises on Bypass refugee land
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State Housing Dept To Construct Low Cost Accomodation For Hills
By ugesh sarkar, Section Real Estate Posted on Fri Jul 09, 2010 at 02:40:17 AM EST
The state housing department will construct houses for people belonging to lower income groups in the hills, the state minister for housing and public health engineering, Mr Gautam Deb, said today.
He was answering a question raised by the opposition party MLAs in Assembly. Mr Deb said that he had asked the local MPs and MLAs of hill areas to hand over the lists of lower income group people. His department will soon undertake the construction of houses for poor people.
Mr Deb also added that the state planned to construct houses for other lower income groups like fishermen, scheduled tribes and poor minority communities.
He also pointed out that his department will try to give permanent jobs to 8000 casual staff. Senior officials from his department are trying to solve the related legal issues.
Mr Deb indicated that the PHE department had spent more than Rs 12 cr to install tube wells in the Junglemahal area and that they will spend more money to set up tube wells in several places including Jhalda, Mukutmanipur, Belphari and many other places in West Midnapore and Purulia.
Source: The Statesman State Housing Dept To Construct Low Cost Accomodation For Hills
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No Leash On Land Sharks In Rajarhat
By Shashank, Section Real Estate Posted on Mon Jun 28, 2010 at 12:21:50 AM EST
The tall, swanky buildings in Rajarhat hide a dark side, one that is noticed only when locals snap and go on the rampage, or a life is lost.
A few days ago, 79-year-old farmer Prankrisna Mandal hanged himself after being duped of all of his land by some touts. He was made to sign some documents in English, a language he did not know. When he realized he had been lured into selling away two plots, totalling 18 cottahs, in Baliguri for a meagre Rs 2 lakh, his heart broke.
It was an indication that even after the Vedic Village scam, the government has done nothing to save poor villagers from falling prey to land sharks in the fringe areas of Rajarhat, which falls under the Bhangar-Rajarhat Development Authority (Brada). Unscrupulous promoters are grabbing land with the help of local touts, and Brada can do nothing about it.
Land prices in the Brada jurisdiction have soared in recent years. A cottah that sold for Rs 10,000-20,000 a few years ago now goes for Rs 1-3 lakh. With New Town coming up, land price in Brada area is only going to shoot up.
Source: Times Of India By Suman Chakraborti No leash on land sharks in Rajarhat
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Didi To Find Homes For Encroachers, One-Room Flats Will Be Allotted Free Of Cost
By akansha, Section Real Estate Posted on Mon Jun 14, 2010 at 02:52:00 AM EST
 Railway Minister Mamata Banerjee has announced a nationwide rehabilita tion plan for the poor people who have encroached upon railway land. The pilot project `Sukhi Griho' will be initiated in Bengal and then replicated in other states across the country.
Railways will provide the land for rehabilitation and in a joint venture with the state Urban Development Ministry, it will build one-room flats and opment Ministry, it will allot them to the encroachers for free.
"The Railways have taken a policy decision.
Thousands of people are settled on railway land. This leads to two major problems Railways cannot run smoothly and the lives of these people are endangered," said Banerjee, while flagging off four new local trains two from Sealdah and two from Ranaghat at the Sealdah station today. Adding that flats will be built for these encroachers under the Balmiki Abas Yojna, the Trinamool chief said: "If only these people agree, we will provide them with alternate housing.
Railways will earmark plots near the place where they are settled now."
Citing the example of Mumbai, where work is on to rehabilitate encroachers, Banerjee said: "The poor people have no papers and they stay in slums alongside rail tracks. The flats they will get may be small, but these will ensure they are provided with basic hygiene."
Source: The Indian Express Didi to find homes for encroachers
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Tata Housing Forays Into Luxury Housing In Kolkata
By ugesh sarkar, Section Real Estate Posted on Fri Jun 11, 2010 at 11:06:05 PM EST
ata Housing Development Company (THDC) is foraying into luxury housing in Kolkata with the Eden Court Primo at New Town, Rajarhat.
The project consists of two high rise towers with sky garden and the price point for the apartments is Rs 70 lakh and above.
With a runaway success in the first phase of the project, targeted at the mid-segment, the company today launched the second phase.
"The total investment in the two phases is about Rs 400 crore," said Brotin Banerjee, managing director, THDC. THDC has about 26 acres at New Town, of which it has chalked out a usage plan for eight acres.
The complex covers five towers, of which three towers are almost sold out.
The entire complex has been designed by world renowned architects, Callison, USA.
Source: sify.com Tata Housing forays into luxury housing in Kolkata
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Kolkata Realtors Wait For New Regime
By ugesh sarkar, Section Real Estate Posted on Thu Jun 10, 2010 at 11:58:09 PM EST
With the Left Front losing the mandate in the Kolkata Municipal Corporation elections, city real estate developers are keenly awaiting Mamata Banerjee's policies towards the development of city infrastructure.
Interestingly, KMC for the last five-six years had been earning money by selling land to developers in prime locations through the bidding process.
According to sources, KMC still possess pieces of land in plush locations such as EM Bypass, by far the most expensive area in the city. In fact, back in 2006-07, KMC had earned about Rs 629 crore just from three land deals.
DLF Hilton, Emmar MGF and LIC were the winners in land bidding process, with LIC setting a record by paying Rs 55.24 crore per acre for a 5-acre plot on the road.
"There are still land in possession of KMC on EM Bypass, and we hope that they start the bidding process for the land in a more transparent and expeditious manner soon," said a realtor.
Source: Realty Plus Kolkata Realtors wait for new regime
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Strong Ground: Affordable Housing Projects Hasten Recovery In Realty
By ugesh sarkar, Section Real Estate Posted on Wed Jun 09, 2010 at 02:23:56 AM EST
The rise of a number of small developers offering cheap houses and easy loans aid the realty recovery

The flexibility shown by developers in converting luxurious residential projects into smaller, inexpen- sive ones has helped the realty sector in many parts of India recover fast from last year's slump.
The rise of a number of small developers offering cheap houses, and the easy availability of bank funding for both builders and buyers has also aided the recovery, real estate analysts say.
Downturns in real estate usually last for three-five years. India saw a similar dip from 1996-2000, when there was limited activity in the sec- tor.
"This time, residential real estate demand did not let the global slump affect the Indian market (for too long)," said Anshuman Magazine, chair- man and managing director, CB Richard Ellis South Asia Pvt.Ltd, a property consultancy.
A slump in the US market hit real estate worldwide in early 2006. But the Indian market was only marginally affected.
However, it changed in late 2008, when the global econom- ic slowdown started creating uncertainty over jobs in India as well.
Source: Live Mint By Devesh Chandra Shrivastava Strong Ground: Affordable Housing Projects Hasten Recovery In Realty
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DLF To Restart Kolkata SEZ Project
By ugesh sarkar, Section Real Estate Posted on Wed Jun 09, 2010 at 12:27:08 AM EST
The government today gave the nod for the country's largest real estate developer, DLF, to revive its plan for a special economic zone (SEZ) in Kolkata.
"The Board of Approval has allowed re-notification of DLF's SEZ in Kolkata," Commerce Ministry Additional Secretary D K Mittal told reporters here after a meeting of the Board of Approval, the nodal body for SEZ-related matters.
The Kolkata SEZ was one of DLF's four SEZ projects notified in June, 2008.
However, the tax-free enclave in Kolkata, which was to be developed in a small area of 10.48 hectares, was de-notified along with the other three SEZs in February, 2009, on account of demand shrinkage for commercial space.
With the improved sentiment in the real estate sector, DLF had approached the Commerce Ministry for reviving this IT/ITeS tax-free zone. In its application for restarting the project, the company said demand for IT/ITES leasing space is showing signs of improvement.
However, DLF's three other projects in Gujarat, Haryana and Orissa remain de-notified.
In all, about 12 developers had pulled out their SEZ projects due to a slowdown in the commercial space segment last year.
Source: Economic Times DLF to restart Kolkata SEZ project
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