Peerless multi-utility project in Siliguri

Tags: Real Estate

Spread over 3 acres on Darjeeling Road, the 3.7 lakh sq ft property to house IT & ITeS offices, a hospital and a three-star hotel

Peerless multi-utility project in Siliguri
It comes with a catchline ‘The Growth Multiplier’. And Axis, Siliguri, the second multi-utility urban infrastructure being developed by Bengal Peerless Housing Development — this time in the foothills of the Himalayas, actually promises to multiply growth opportunities of your business.

Spread over 3 acres at Dagapur on the Darjeeling Road in Siliguri, the 3.7 lakh sq ft property would be the first of its kind multi-utility project in Siliguri, according to the developers. Bengal Peerless Housing is also coming up with a similar but much bigger multi-utility project under the Axis brand at Rajarhat New Town on the eastern fringes of Kolkata. While Axis, Rajarhat, is being built at a project cost of over Rs 250 crore, Axis, Siliguri, involves a capital outlay of Rs 175 crore.

“Just think about the location. Siliguri is one of the fastest growing trading and business hubs in West Bengal. It is also the gateway to the Northeast and neighbouring countries such as Nepal, Bhutan, Bangladesh and China through the Nathula Pass. If you have the right kind of physical and social infrastructure, growth opportunities multiply,” Kumar Shankar Bagchi, managing director of Bengal Peerless Housing Development, told FC Estate.

“Siliguri has excellent connectivity with the rest of India by air, road and rail. In addition, the expansion of national highways and upgradation of Bagdogra airport have made this tier-II city comfortably accessible from other parts of the country and some of the neighbouring countries as well,”

he said.

A lot of thought had gone into making of this project, Bagchi said, adding, “When we first took up Axis, Rajarhat, we reinvented ourselves. Initially, we planned to replicate the same model in Siliguri. But following the economic crisis, especially in the retail sector, we had to restructure our plans. We realised only swank malls were no longer a good business proposition. We, therefore, included a hotel and a hospital in the project.”

Axis, Siliguri, would house three blocks. Block A would be a G+4 (ground plus four floors) building with each floor having about 51,000 sq ft. The ground floor and the three floors above it would be exclusively reserved for information technology (IT), information technology-enabled services (ITeS) and other offices, while the fourth or top floor would have 27,500 sq ft reserved for a club with facilities such as bar/restaurant, swimming pool and a gym. The total area for IT, ITeS and offices would be 227,500 sq ft, Bagchi said. Block B would have a built-up area of 59,000 sq ft spread over seven floors. It would also house a medical unit on the ground floor and the rest of the space would be reserved for IT, ITeS and offices. Block C would be reserved for a three-star hotel of Peerless group company, Peerless Hotels, he said.

“Siliguri does not have a hospital other than the government hospital attached to the medical college. The entire population of more than 4.3 crore in the seven northeastern states, besides the district towns of north Bengal and the people of Sikkim and Bhutan visit Kolkata for advanced treatment. So we thought if a quality hospital with better and modern facilities comes up in Siliguri, a large section of this population would prefer to come to Siliguri, rather than going all the way to Kolkata,” Bagchi added.


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