DLF bags $975 Mn Durgapur township project

Wednesday, 22 August 2007, 07:00 Hrs
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New Delhi: DLF Ltd, India's largest real estate firm, has clinched the deal to develop the 40 billion ($975 million) integrated township in the heart of Durgapur in West Bengal.

"The public-private participation project, envisaged by the Asansol Durgapur Development Authority (ADDA), is expected to be completed in four years," DLF said in a statement.

Based on a cross-subsidy model, the Durgapur project, which will be spread over 95 acres, will cater to all segments and comprise cooperative housing plots, residences for low, middle and high income groups as well as bungalows, individual plots and commercial space.

DLF intends to use the services of leading architecture and engineering firms to design the township, which will have large green spaces, wide roads, attractive retail space, a recreation club and an entertainment zone.

"The township will have multiple environment protection measures such as solar lights, rainwater harvesting, water recycling, use of waste water for toilet-flushing, irrigating green area and also a sewage treatment plant," DLF said.

DLF, which competed with some 30 companies for the deal, already has a 5,000-acre township and textile economic zone at Dankuni, two information technology parks at Rajarhat, and luxury, budget hotels and service apartments in Kolkata.
Source: IANS
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