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IT-led Boom Drives Demand for Real Estate in Rajarhat Kolkata - INRnews.com, the leading site for news and views on the Real Estate and Property market in India, has just featured on its site an article about the IT-led real estate boom in Rajarhat, Kolkata
IT-led Boom Drives Demand for Real Estate in Rajarhat Kolkata

 

NewswireToday - /newswire/ - Emeryville, CA, United States, 2006/09/27 - INRnews.com, the leading site for news and views on the Real Estate and Property market in India, has just featured on its site an article about the IT-led real estate boom in Rajarhat, Kolkata.

   
 
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IT major Wipro is finding it hard to get 50 acres in Rajarhat,a fast developing suburb of Kolkata city. The issue appears to be price. The company is reportedly unwilling to pay beyond Rs.70 lakhs per acre, while the state-owned Hidco is seeking a price of Rs.1.5 crore per acre as fair compensation. The West Bengal government had made an offer of an alternate location near Kolkata airport at Rs. 50 lakhs per acre. However the land has yet to be acquired and this may make it less acceptable to Wipro.

Rajarhat, also called New Town, is the latest township being developed on the north-eastern fringes of Kolkata city. The master plan envisions a township that is thrice the size of neighbouring Salt Lake City. Still under development, this area was till recently a big swamp and full of fisheries.

More information on the real estate boom in Rajarhat is available on the INRnews.com site. Please see the article "IT-led boom drives demand for real estate in Rajarhat, Kolkata!" on the INRnews.com website.

About INRnews.com

INRnews.com is the leading site for news and views on the Real Estate and Property market in India. Stay informed on the latest Indian Real Estate / Property News including National, Regional, Residential, Commercial, FDI, Infrastructure, and more. At INRnews, users can easily find relevant articles either by selecting the appropriate category on the sidebar or by using the powerful site search tool. Articles are also cross indexed across multiple categories.

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IT-led Boom Drives Demand for Real Estate in Rajarhat Kolkata

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Publisher Contact: RVakil - INRnews.com 
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