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Book properties of Bengal Peerless
The West Bengal Government had acquired the land on behalf of Peerless, as per joint sector agreements.
Managing Director of Bengal Peerless, Kumar Shankar Bagchi stated, "All land related issues have been resolved and we are currently waiting for approvals from the municipal authorities and environment department."
"We have recently evaluated the rising input cost situation and found that it had pushed up our construction cost by 7.5 percent over last year," Mr Bagchi added.
Bengal Peerless is a joint sector company of the West Bengal Housing Board and the Peerless General Finance and Investment Company Ltd.
OneIndia News
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Story first published: Sunday, January 23, 2011, 13:19 [IST]