Kolkata port leases millennium park-III for commerce
PORTS & SHIPPING

Kolkata port leases millennium park-III for commerce

The Syama Prasad Mookerjee Port has announced the invitation for e-tenders regarding the allocation of land (vacant space) at Millennium Park-III, situated on Strand Road, for lease spanning 30 years for commercial purposes, with the option of paying annual rent or upfront. As per Kolkata Port sources, the land, measuring approximately 3413 sqm, is designated for commercial activities. The approved activities or uses for development on the leased plots include a restaurant/bar/caf?, sports club, banquet hall, art gallery, open-air movie theatre, skating rink/outdoor games, jacuzzi, souvenir shop, food kiosks, boutique shops, auditorium, and book shop. However, it has been specified that the lessee must develop a multilevel car parking on the zone measuring 717 sqm as a mandatory requirement.

Considering the riverfront location of the land, the port authorities have established terms and conditions to ensure zero pollution. The constructions carried out by the lessee must comply with the regulations outlined in the "West Bengal Trees (Protection and Conservation in Non-forest areas) Rules, 2007" of the West Bengal Forest Department. It has also been clarified that only temporary constructions will be allowed, adhering to the KMC Building rules of 2009 or any other relevant statutory regulations applicable at that time. Additionally, to prevent pollution in the River Ganga, the lessee is obligated to conduct "sustainable and climate-conscious operations" and maintain the cleanliness of the premises.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Syama Prasad Mookerjee Port has announced the invitation for e-tenders regarding the allocation of land (vacant space) at Millennium Park-III, situated on Strand Road, for lease spanning 30 years for commercial purposes, with the option of paying annual rent or upfront. As per Kolkata Port sources, the land, measuring approximately 3413 sqm, is designated for commercial activities. The approved activities or uses for development on the leased plots include a restaurant/bar/caf?, sports club, banquet hall, art gallery, open-air movie theatre, skating rink/outdoor games, jacuzzi, souvenir shop, food kiosks, boutique shops, auditorium, and book shop. However, it has been specified that the lessee must develop a multilevel car parking on the zone measuring 717 sqm as a mandatory requirement. Considering the riverfront location of the land, the port authorities have established terms and conditions to ensure zero pollution. The constructions carried out by the lessee must comply with the regulations outlined in the West Bengal Trees (Protection and Conservation in Non-forest areas) Rules, 2007 of the West Bengal Forest Department. It has also been clarified that only temporary constructions will be allowed, adhering to the KMC Building rules of 2009 or any other relevant statutory regulations applicable at that time. Additionally, to prevent pollution in the River Ganga, the lessee is obligated to conduct sustainable and climate-conscious operations and maintain the cleanliness of the premises.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement