0

Snehodiya to be inaugurated on June 25

first_imgKolkata: Debashis Sen, Additional Chief Secretary, IT&E, who is also the chairman of the West Bengal Housing Infrastructure Development Corporation (WBHIDCO) announced that the much-awaited project of Snehodiya, a proposed habitat for senior citizens in New Town would be inaugurated by Firhad Hakim, the Urban Development and Municipal Affairs Minister, on June 25. Chief Minister Mamata Banerjee had named the project ‘Snehodiya’. Sen was addressing a session at the 5th Real Estate Conclave on ‘Navigating the Undercurrents’ at a city hotel on Saturday. Also Read – City bids adieu to Goddess Durga’Snehodiya’ is a project of the WBHIDCO, which is a first-of-its-kind venture by any state government agency. There are around 100 rooms and a guest house comprising six rooms. The project has come up opposite Swapno Bhor on a 3.5 acre land and has a two-storeyed building housing a library, an auditorium and a coffee corner. It has been decided that 75 percent of the price paid at the time of purchase will be refunded to the occupants or their heirs in case the flat is vacated. There will be a senior citizens’ park. There will be doctors, nurses and attendants to look after the elderly. It will have all the modern facilities, Sen said. He also stressed on the necessity of introducing more paying guest facilities in and around New Town and Sector V to accommodate a large number of working professionals coming to the city. Nandu Belani, president of CREDAI, Bengal, said the real estate is a major contributor to the economy in Eastern India and it plays an important role in fulfilling the basic needs and aspirations of the common people.last_img read more

0

Crescent Point completes deal for Polar Stars Alberta oil assets

Crescent Point Energy Inc said it had completed the acquisition of oil assets in the Saskatchewan Viking play from private oil and gas producer Polar Star Canadian Oil and Gas Inc for about $334-million in cash and stock.The deal will increase Crescent Point’s land base in the play by 38 percent and include more than 2,800 barrels of oil equivalent per day (boe/d) of production, the company said.Crescent Point expects the deal to add to its per share reserves, production and cash flow on an adjusted basis.The company also raised its average daily production forecast for 2014 to 135,500 boe/d from its earlier forecast of 134,000 boe/d. It also increased its capital expenditure budget by $25 million to $1.8 billion.Crescent Point, which focuses on producing oil from unconventional fields such as the Bakken shales of southern Saskatchewan, has grown through acquisitions, including the $1.1 billion purchase of CanEra Energy Corp in cash and debt in April.Crescent Point did not specify if the deal was in Canadian or U.S. dollars. The company could not be immediately reached for comment.Shares of the Calgary, Alberta-based company closed at $45.56 on the Toronto Stock Exchange on Thursday.© Thomson Reuters 2014 read more