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Indian Real Estate News : Kolkata
Satellite townships proposed in Bengal to meet housing challenge
Source: Sep 05, 2011
The umbrella organization of real estate players in the state has proposed 10 satellite townships to meet housing challenges caused due to rapid urbanization.

Speaking at a public forum in the presence of state urban development minister Firhad Hakim on Saturday, Confederation of Real Estate Developers' Association of India (CREDAI) Bengal chapter president Pradeep Sureka said the industry was keen to set up five mini-satellite townships within 15 km of Kolkata and five more in rest of the state.

"There's an urgent need to develop housing stock to meet the needs of a burgeoning urban population. We want to partner with the government in finding solutions. A working group committee comprising government and industry
representatives is being set up to chalk out modalities on the types of lands that can be purchased and the possible locations," Sureka said.

Apart from key players from the real estate industry, officials from departments like land reforms and urban development as well as Kolkata Municipal Corporation (KMC) and Kolkata Metropolitan Development Authority (KMDA) are also likely to participate in the discussion on government policy on land for housing. Based on this, CREDAI members will propose schemes.
Of the 10 locations that the industry is keen on including are two areas in Howrah and one each in Joka, Kalyani (Jessore Road) and Baruipur. Of the remaining five in the state, likely locations include Durgapur, Siliguri and Raghunathpur in Purulia.

Acknowledging the need to fast-track housing development in the state, the urban development minister Firhad Hakim said the three-monthold government required some time to assess the sector.

Tag: Real estate in kolkata, Property in kolkata, Apartments in kolkata
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