Shriram Properties Settles Kolkata Land Issues with WB Gov.


NEW DELHI: Shriram Properties (SPL), via its subsidiary Bengal Shriram Hitech City (BSHCPL), has successfully resolved a long-standing commercial dispute with the West Bengal government.

The agreement includes the transfer of 42.37 acres of land in Uttarpara, West Bengal. “With the execution and conveyance of the land, BSHCPL is fully discharged of its obligations in this matter,” stated the company.

The land parcel in Kolkata covers 314 acres, with 48 acres currently utilized for ongoing projects totaling approximately five million sq ft of development.

SPL aims to initiate new projects over the next five years, encompassing five to six million sq ft of development, with a potential gross development value (GDV) of ₹3,000 crore. Additionally, the company plans to monetize the remaining land area/FSI in the near future.

  • Published On Feb 12, 2026 at 07:01 PM IST

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