ITC’s prime hotel, Sonar Bangla, is shortly going to have company of similar projects. The first, a 5-star property by Emmar Group, is coming up between it and the highrise, Silver Springs.
And now, DLF plans to build a composite project of 2 hotels and a service apartment block off Bypass on a 5 and a half acre plot close to Sonar Bangla. DLF’s project is to cost Rs.600 crore, the largest in hospitality sector in the city. It has paid Rs.154 crore to KMC to buy the plot in an international auction last year.
Of the 2 hotels DLF plans to build in the same plot, one is a 250-room 5 star facility bearing the Hilton brand name. The second one, a business hotel with 320 rooms will carry Hilton Garden Inn brand.
Lastly, come the service apartments at the same place. The 100-apartment strong edifice will also sport a Hilton tag – this one by the name Homewood Suite.
DLF’s choice of building prime properties off EM Bypass indicates what the future holds for this thoroughfare, billed as the Chowringhee of tomorrow. Incidentally, DLF is coming with an IPO that opens on Monday, June 11, the largest public offering in India thus far.
And yes, DLF is also building a huge township at Dankuni on a vast tract of land admeasuring in excess of 4000 acres. Clearly, the realty boom in Kolkata is now a reality.
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