Bengal Peerless Project Started

By Reema, Gaea News Network
Monday, January 24, 2011

KOLKATA, INDIA ( Bengal Peerless is all set to execute its much awaited housing-cum-commercial project at EM Bypass, worth Rs 400 crores. The authorities of this high profile project has declared that the candidates who are interested to book their properties can now start with the procedures.

The West Bengal government acquired these lands as this project is one of the joint venture projects between the Bengal Peerless and the West Bengal Government. For the last few years, this piece of land has been the root cause of several disputes. However, now Kumar Shankar Bagchi, the managing director of Bengal Peerless, has said that all the disputes related to that piece of land has been resolved, and now they are only waiting for the municipal authorities and environment department to give their approvals so that they can move ahead with this project. This upcoming project by the Bengal Peerless will once again cater to the higher income, middle income and the lower income groups. The measurement of the flats of the higher income group would range from 1069 sq feet to 1373 sq feet. The price per sq feet of these properties would vary between Rs. 3939 to Rs. 4581. Similarly, the measurement of the flats for the middle income group would either be 658 sq feet or 834 sq feet. They would cost around Rs 1977 per sq feet. On the other hand, the lower income groups can go for the 448 sq feet flats, for Rs. 848 per square feet.

The interested candidates can get their brochures from some of the selected branches of Axis Bank and ICICI bank. Kumar Shankar Bagchi said that according to their recent evaluation of the “rising input cost situation”, the construction cost has been increased by 7.5%. Nevertheless, this Bengal Peerless project has started witnessing its intense booking right from the time it was declared.

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