“700 Sites Halt Work in Kolkata; Daily Losses at ₹25 Crore”
KOLKATA: Construction work halted at nearly 700 sites across the city on Thursday after the government issued a stop-work notice in response to the warehouse collapse and subsequent fatalities near Taratala. The real estate sector endured a tense day, hoping the government would reconsider its decision in the coming days, allowing established developers to resume significant projects. Industry representatives indicated that a five-week shutdown would be devastating, estimating daily losses from the stop-work order to be around Rs 20-25 crore. “Organized real estate projects are executed with strict supervision by qualified engineers, follow approved plans, and maintain high-quality control standards.…