Kolkata development authority, realtors sign agreements

March 6th, 2008 - 8:18 pm ICT by admin  


Kolkata, March 6 (IANS) The Kolkata Metropolitan Development Authority (KMDA) Thursday signed three Memoranda of Understanding (MoUs) worth Rs.8 billion with the city’s leading real estate developers for various urban projects. State Minister for Urban Development Ashok Bhattacharya said: “In addition to Rs.8 billion, the price of the land was Rs.3.6 billion, half of which was paid by the developers in advance. The other half would be paid at a later date.”

Raghav Mundra, managing director of Simplex Projects Limited, signed the MoU with KMDA Chairman P.R. Bhaviskar for a multi-storeyed car parking facility near City Centre in Salt Lake.

Jugal Khetwat of South City and Sushil Mohta of Merlin Group signed their MoU with the KMDA for a Development and IT Logistics Centre at Sector V in South City.

The third MoU was signed between Pawan Dhoot of the Dhoot Developers Pvt Ltd and the KMDA for development and management of office complex at two sites in Salt Lake.

Bavishkar expressed his happiness at the public-private enterprise in the state and hoped the MoUs would give fillip to the business in future.

Cricketer Sourav Ganguly was present on the occasion.

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