STLL to invest Rs 2 bn in Bilaspur Mixed-Use Township Development

16 Aug 2023 CW Team

Sindhu Trade Links (STLL), a company specialising in providing a range of essential services for mining, logistics, transportation, and related activities, has announced its commitment to invest Rs 2 billion in establishing a diverse mixed-use township in Bilaspur, Chhattisgarh. The anticipated revenue potential from this endeavour is estimated to be around Rs 5.5 billion.

Bilaspur is among the selected Indian cities designated for transformation into smart cities through the Smart Cities Mission initiative. The proposed township will span approximately 53 acres, of which the company currently possesses approximately 47 acres of land and has partnered with other entities for an additional 16 acres.

The venture encompasses a blend of residential plotted development, residential group housing, and a retail shopping mall. The entire site offers development prospects totalling 1.5 million sq ft. There is also potential for growth in built-up villas and apartment sales during subsequent phases, in contrast to the initial focus on plotted land sales.

STLL is fully prepared to commence work on this ambitious project within the on-going fiscal year of 2023-24. The official launch of the project is projected to take place in the fourth quarter of this fiscal year, and STLL anticipates generating revenue starting from the subsequent financial year.

Plans for development are in the final stages of preparation and will soon be presented for official approval. The company has successfully obtained a Colonizer License and completed site demarcation. Additionally, STLL is diligently working towards securing the necessary approvals and No Objection Certificates (NOCs) from various government departments.

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