The first delivery phase of project Sankalpa has started. Site IV as we speak is being handed over. The flat owners were being given possession of their units, starting the third week of June.
Site IV was sold on a lottery basis at almost throw away prices back in 2007-2008. 99-100 flats were distributed on a lottery basis. The remaining 48-49 flats would be sold at current prevailing rates and I was told a newspaper advertisement would be published on it shortly.
Site IV has been delivered in a fully finished, habitable condition. I was informed by WBIDFC and N.K. Realtor folks that starting 1st of July, electricity would be given to the flat owners who would like to start living, via a generator set. This is only a temporary solution. As I understand the metered electricity could only be provided once the flat owner applies for a meter in his/her name with NTESL – New Town Electric Supply Limited, the governing body for electricity distribution in New Town/Rajarhat area.
It is important to be noted that WBIDFC is honoring their contractual obligation of penalty for late delivery. As per the general terms and conditions mentioned in the contract, the amount is Rs. 4000 per month of delay, excluding the first three months of delay. The first three months of delay was to be considered a grace period.
Water connection and supply has also been set-up for flat owners, however at this point I am not sure whether the water is boring (underground) water or being supplied from water storage plants in Calcutta. I will seek more information on it and publish it shortly.
Please see the facebook page for this blog for updated pictures on Site II, Site III, Site IV and Site I.
Next in line for possession is Site II (across the Main Arterial Road). The handover date for which has been set-up in/around September this year. Realistically, it could take up to the end of this year before this is handed over.
And then second in line for posession is Site III (adjacent to Site IV) that would be towers 10,11,12,13 and 14. The tentative date for handover for Site III is December of this year. However given the work remaining it is likely to spill over into first quarter of 2012.
Realistically, it could take up to February – March 2012, before Site III would be delivered.