DLF earmarks major investments for Bengal

Kolkata, Sept 21: Real estate major DLF Ltd has earmarked around Rs 31,700 crore investments for West Bengal.

Apart from developing IT space in the Rajarhat area, the company would set up a 600 room hotel at EM Bypass and develop an industrial township at Dankuni, DLF Info City Developers (Kolkata) Ltd managing director Yogesh Verma said following the inauguration of IBM's fourth facility at DLF IT park at Rajarhat.

''The total investment for IT space development and the hotel as been earmarked at Rs 1700 crore. Another Rs 30,000 crore will be invested for developing the industrial township at Dankuni,'' he said.

The company has already completed developing 1.3 million square feet of area as an IT park in Rajarhat. It would develop another 2.5 million square of IT space, which would be accorded special economic zone (SEZ) status in Action Area III in Rajarhat.

''We have already obtained the required approvals for the IT SEZ from the Central and state governments,'' Verma said.

The hotel would be developed over six lakh square feet of area at EM Bypass, he said.

Verma said the Dankuni industrial township would be developed over 4,800 acres of land and allotment of land for the project would start from next year.

UNI