Many plot holders are still unsure why the Baruipur Bloomfield City (BBCL) project stopped and how it reached insolvency. This confusion is natural because the project structure was complex and not clearly explained to buyers at the beginning. Understanding what happened before insolvency helps plot holders see the real reasons for delay, confusion, and risk—and also helps everyone make better decisions going forward.
This article explains the situation in very simple language, without legal terms, so that every plot holder can understand how the project worked, where it failed, and why this history matters today.
For many plot holders, the biggest question today is simple: who controls our land and our money during development? This matters because land is our lifetime asset, and money comes from our own pockets. Once control is given away, getting it back is very difficult.
At first glance, a developer-led model looks fast and attractive. Big promises, fixed timelines, and talk of “investment” sound reassuring. But when we read the details carefully, the picture changes. This article explains, in very simple terms, why a developer-controlled agreement is risky and why a contractor model is safer and more practical for plot holders.
As the Bengali proverb says: “চকচক করলেই সোনা হয় না” — what shines from outside is not always gold.