Millennium Post

CREDAI to assist transport dept to woo investors for revenue generation

The state transport department has taken assistance of CREDAI (Confederation of Real Estate Developers’ Associations of India) to woo more investors to generate revenue by leasing out terrace of one-storied concrete structures on 276 cottahs of land in three of the Calcutta State Transport Corporation’s (CSTC) depots – Garia, Sarsuna and Thakurpukur.

CREDAI officials were shown a presentation of the land at the depots which will be leased out to buyers in presence of the state transport minister Suvendu Adhikari. 

Other senior officials of the department including the Prinicipal Secretary Alapan Bandhyopadhyay 
were present at the meeting. Nilanjan Shandilya, joint managing director of CSTC, was also present during the direction.

As per the proposal of the state transport department, the lessee will have to construct the one-storied structure and he can undertake any commercial activity following legal terms and conditions on its terrace.

The depot will remain functional as it is at present in the ground floor. The terrace of around 104 
cottah will be leased out in Garia depot while that of 13 cottah and 159 cottah in Sarsuna and Thakurpukur depot respectively.

Earlier, the last date for submission of the bid documents was September 19 for all the depots with forms available from July 18 in the websites, 

Sources said that the officials of CREDAI that will felicitate in getting more bidders, has planned to 
take architectures to the spot and has urged the transport minister to extend the time of submission of the application to take part in the bidding.

It is learnt that Adhikari has agreed to extent the time by around 40 days till September 30. It is learnt that Adhikari assured all help to CREDAI in getting more bidders and if needed the last date can be extended further.

It may be mentioned that the state transport department had earlier leased out plots in depots including Galib Street, Kidderpore, Tollygunge and Kalighat.
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