DLF to invest Rs 100,000 crore in Bengal real estate projects

DLF to invest Rs 100,000 crore in Bengal real estate projects

Kolkata, India, September 13, 2007 - Indian Real Estate major DLF Ltd plans to invest over Rs 100,000 crore in West Bengal over the next seven years. This was stated by Mr. AS Minocha of DLF Commercial Developers Ltd in a press interview.
The investment would go towards the 4,840 acres integrated Dankuni township pioneering the walk-to-work concept. DLF envisages an investment of Rs 50,000 crore in the Dankuni project alone.

DLF also is setting up IT parks, a mall and three hotels in Bengal.

Located at Rajarhat in New Town, Kolkata; DLF IT Park is designed by the renowned architect Hafeez Contractor. With a super area of 1.3 million sq.ft, this complex of three independent towers and a retail complex is built around a large landscaped garden. DLF IT Park@ Kolkata is now operational with clients like IBM and Genpactalready operating out of these premises.

A second IT Park, designed by renowned architect Hafeez Contractor, with 2 million sq ft of leasable space is to come up on 25 acres in Action Area II of Rajarhat.

While DLF plans to bring in three hotels into the state, the showpiece will be the 600-room Hilton on EM Bypass road.

DLF Hotel Hilton Ltd, a 74:26 joint venture between DLF group and Hilton International Co, plans to build three properties, two hotels - one in luxury category and the other a business hotel - and a service apartment unit in Kolkata. All three will carry respective Hilton brand names, meant for each of the hospitality segment. The projects would be operational within the next three years.