Billionaire’s cultural centre plan blocked - EasternEye

Billionaire’s cultural centre plan blocked

AN INDIAN billionaire has expressed his disap­pointment as plans to build a £1 billion cultural centre and 3,500 homes at a spot in London have been blocked. Essel Group, the Indian conglomerate chaired by Dr Subhash Chandra, confirmed last week that building plans in east London’s Silvertown Quays were unable to progress. The group had unveiled plans last month to re­develop a 62-acre brownfield site, which was sold in 2012 by the Greater London Authority (GLA). The area was understood to be used as a visitor attraction celebrating Indian culture and history in the capital. A proposal was submitted to…

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