Tag Archives: Satellite

Eiffel Tower reproduction to come up in Kolkata

A 55-meter imitation of the Eiffel Tower in being arranged at the Eco Park in the savvy city New Town.

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The imitation of the tower would come up in the Eco Park and is relied upon to be a noteworthy vacation destination, West Bengal Housing Infrastructure Development Corporation Ltd (HIDCO) administrator Debashis Sen told PTI.

The venture arranged in the satellite city would take around three years to finish after its work request is issued and almost 300 ton of steel would be required to fabricate it, HIDCO authorities said.

West Bengal Chief Minister Mamata Banerjee is establishing the framework stone of the venture today in vicinity of the Consul General of France in Kolkata.

Authorities said that it would likewise be a statement of solidarity towards world peace and pay tribute to the 129 casualties of the November 13 fear assault in the French capital.

“With its finish, sightseers can have a look of the Eiffel Tower without going to Paris,” Sen said, including, “The spot has been recognized to showcase Bengal’s remarkable works of art drawing consideration of the vacationers from the nation and abroad.”

He said the tower would be a monster steel structure with a tallness of a 18-story building.

“We could have attempted and built a definite copy if the area had not been near the skim way of the flights arrival and taking off from NSC Bose International Airport,” Sen said.

“The Tower will have two levels where individuals can go up and remain to get a look of the town underneath,” the HIDCO executive said.

“The review display will be at a tallness of 25 m and two lifts will arrive to convey the travelers. The base of the structure would lay on 650 sq ft,” Sen said.

The task was brought about by the HIDCO as of late and the West Bengal government promptly gave its freedom.

“We will glide a delicate soon to choose the office that will manufacture the structure,” the HIDCO executive said.

“This will be the first such model of the Eiffel Tower in India and its building outlines are worked out by the Institute for Steel Development and Growth,” Sen said.

One of the miracles of the current world, the 324-m Eiffel Tower is the most well known vacation spot in Paris.

The City of Joy has as of now got an imitation of the acclaimed London tower ‘Enormous Ben’ created by South Dum Municipality as a changeless structure.

The 90 ft tall tower remains at the occupied intersection of Lake Town-VIP Road crossing since October last.

Ahmedabad has 42,000 unsold homes: Report

Close to 42,000 newly constructed homes are lying unsold in Ahmedabad, states a report released by global real-estate consultants Knight Frank on Wednesday. The report states that builders are under tremendous pressure as the sale of houses in the city has touched a “record five-year low”.
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In the last six months between January-June 2015, real-estate developers in the city managed to sell only 7,750 housing units. “This is the lowest sales recorded in the last five years and is 26 per cent less than those sold during the same period in 2014,” said Dr Samantak Das, chief economist and national director research of Knight Frank while releasing the report titled  “Ahmedabad Residential Market”.

“Slower-than-expected recovery in the economy, poor business sentiment and a delay in reduction of home loan interest rates by banks have hampered the revival of sales volume. Moreover, majority of investors who were active during 2011-13 have refrained from fresh investments in the last six months due to slower-than-expected rise in prices,” states the report. It adds that the year-on-year price rise has just been around three per cent in the Ahmedabad property market which has driven away investors from housing market.

“The unsold inventory (read homes) in Ahmedabad is close to 42,000 units. Of this, the maximum of about 30 percent of unsold units are in west Ahmedabad,” said Das. He added that west Ahmedabad – comprising areas like Prahlad Nagar, Satellite, Thaltej, Vastrapur and Bopal – is among the “worst-performing” areas within the city.

Developers in Ahmedabad will need about two years to sell this unsold inventory. “Developers in west Ahmedabad will require at least three-and-a-half years to sell the unsold inventory in their area,” said Das. He said that the age of the unsold housing projects in Ahmedabad were around three years which indicated that developers in this part of the city were not able to sell their unsold houses even three years after launching their projects.

The report pointed out that premium market (all of which were in west Ahmedabad), where houses were priced at Rs 1.5 crore and above, developers were finding it difficult to sell even five years after launching their projects.

“This is a very long period for builders,” said the official. In the coming six months (July-December 2015), the quantum of unsold houses is expected to rise in Ahmedabad.

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