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DLF Threatens To Pull Out Of Rs 33,000-Crore Dankuni Township In Kolkata


By Nishant, Section Real Estate
Posted on Sun Aug 31, 2008 at 11:05:42 PM EST

Singur may be grabbing headlines, but it isn't the only project where the West Bengal government has 'landed' itself in a mess. Another storm is brewing just 20 km away from Singur, where DLF is growing impatient with its proposed Dankuni township.

The real estate giant has threatened to pull out of the Rs 33,000-crore project since no progress has been made in the case for months and the company is yet to get possession of the land. State urban development minister Asok Bhattacharya confirmed on Sunday that DLF had increased pressure on the government.

"The project is not making any headway and DLF is telling us that they'll pull out if the situation continues," he said, pointing out that with the entire district administration in Hooghly focusing on Singur, hardly any other work is getting done.

"There's also opposition to the Dankuni project at the local level. It would have generated huge employment in the state. We are still trying to convince DLF," the minister said. The Dankuni township is one of the largest real estate projects in the country covering over 4,840 acres to be built through public-private-partnership over 10 years. It is also the largest PPP project in the country.

The company has already paid Rs 270 crore in advance to the government, which is supposed to hand over the land after procuring it.

Source: Times News Network 31/Aug/2008

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