[ecis2016.org] The Kolkata Port Trust is planning to release land parcels for real estate development and a proposal for preparing a township policy for 111 acres of land is awaiting the centre’s approval, its chairman has revealed
The Kolkata Port Trust (KoPT) is awaiting the centre’s nod, for preparing a township policy for the 111 acres of land lying at its disposal in the metropolis, its chairman Vinit Kumar said, on December 16, 2017. KoPT is also in the process of providing an additional 87 acres in the city for real estate development, he said.
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Speaking at a Confederation of Indian Industry (CII) seminar on ‘Sustainable Real Estate’, Kumar said the KoPT has 4,000 acres of land in the city, 60 per cent of which is being used for various port-related activity. “We intend to provide the land, in parcels, for real estate development, for which the KoPT has started the e-tendering process for a portion of it,” Kumar said.
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Kumar urged the real estate developers of the city to participate in the e-tendering process, adding that another 111 acres of land would be under consideration, for setting up a township. “Our proposal is awaiting clearances from various sections of the ministry (read shipping ministry). Once we get the approval, we will put the land parcel on the block,” he said.
West Bengal Urban Development Minister Firhad Hakim, said the industry should come forward for setting up warehouses and logistics hubs, as online shopping is gaining momentum in the country. This, he said, would generate employment in the state.
Source: https://ecis2016.org/.
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