Bardhaman (A): Shrachi and the West Bengal Housing Board
Posted: 2 Jun 2010
Date Written: May 18, 2010
A real estate developer decides whether to enter into a public private partnership with the government of West Bengal to develop a township on farmland. The decisions include whether to expand operations from the company's base in Kolkata to Bardhaman, 100 km away; whether to subdivide and sell raw land lots or follow the developer's vision and build a planned township; whether to enter into a public private partnership with the government of West Bengal, led by the Left Front and the Communist Party of India as equity partners; whether to also accept a private equity firm into the project, what to build, and in what sequence.
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