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Realtor To Build Road For Its Batanagar Township In KolkataBy siddharth22, Section Ask Questions
Riverbank Holdings will not just build a township in Batanagar, but also a road on the way. For, there will not be any takers for the Rs 1,300-crore mega township project unless there is proper connectivity.
The state government has planned a seven kilometre elevated road between Jinjira More and Batanagar and the funds will come from the developers of the Calcutta Riverside project. It has asked Riverbank Holdings, the developer of the 260 acre-township in Batanagar, to fund the construction of this long stretch. PWD, which currently maintains the stretch, is all set to identify the land for the road. The road, essentially a toll way, will be built on a build, operate and transfer basis. The developer will realise the cost of the project through the toll tax collected over a period of time and then hand it back to the government. "We are willing to give the land to this private company for construction of the road. We have held some meetings already and are keen on having the road built by the developer of the township," said PWD minister Kshiti Goswami.
The government is also trying to strike a similar deal with the developers of South City project, who have offered to fund a flyover on Prince Anwar Shah Road.
"When we started marketing our project, we received a common feedback from the prospective buyers. They wanted to know about the connectivity to the township. That's when talks among PWD, transport and urban development departments were initiated and everyone felt that the elevated road. sponsored by the developers themselves, was the best way out," said Nandu Belani, director of Calcutta Riverside projects. "The road will start just after Taratala and continue till Batanagar and beyond. It will turn out to be a major connectivity in that part of the city," he added. Goswami said his department would identify land for the elevated road. "We, too, will have to spare some land from within our project area for this elevated road," said Sumit Dabriwala, managing director of Riverbank Holdings. Riverbank Holdings, which has already started constructing the township that will house hospitals, IT companies, retail outlets, educational institutions, hotels and residential complexes, is in a hurry to begin construction of the road. "Our township will come up in five years. We hope the road, too, will be in place by then," Belani pointed out. Source:The Times Of India,02-04-08
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