Development Projects
 
  Advisory Initiatives
   
    Development Projects

Pragati 47 identified a demand for international quality living for the foreign and domestic businessmen and executives traveling to Kolkata on extended stay. To address this demand, Pragati 47 launched a project for development of the first international quality Serviced Apartment & Shopping Mall on the Eastern Metropolitan Bypass, Kolkata.


Pragati 47 has played a key role in incubating development of a Public Private Partnership (PPP) based project for Growth Centre incorporating Social Infrastructure at Bolpur, Shantiniketan. The project comprises Senior Citizen's Serviced Residency, Serviced Apartments/Low Budget Hotel, Health Care Facility, Nurses Institute, Residential School, Business School and Non Polluting Industries over a 197 acre land parcel.

Pragati 47, through its JV Company with HUDCO - PSIDL, launched a Special Purpose Vehicle (SPV) Company - Siddha PSIDL Township Private Limited, for development of a 312 acre Township at Jaipur with components of Housing, allied Social and Commercial infrastructure.


Pragati 47, through its JV Company with HUDCO – PSIDL, is pursuing a project for developing an AEROTROPOLIS, comprising a New Airport along with Industrial, Economic and Urban Infrastructure in the industrial belt of Asansol-Durgapur, West Bengal. The project will be developed over a 2300 acre land parcel zoned to include an Airport, an Industrial Park & IT Park and a Modern Township.

Pragati 47, through its JV Company with West Bengal Industrial Development Corporation, is pursuing the development of Composite Hubs each comprising :
  A Budget Hotel
  State-of-the-art Business Centre
  Shopping Mall
  Entertainment Zone (Multiplex, Games etc.)
  Food Court
In the first phase such Composite Hubs are going to be developed at New Town Rajarhat, Haldia and Siliguri. The company has already signed a Memorandum Of Agreement with the West Bengal Industrial Development Corporation (WBIDC) for the acquisition of the necessary 3 acre land parcels (in case of New Town Rajarhat, 5 acres) from the relevant Urban Local Bodies.
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