Tag: Kolkata

Latest StoriesRegulatory

Calcutta HC Cancels Builder’s Bail, Rejects ‘Sinful’ Protection

KOLKATA: The Calcutta High Court has revoked the bail granted to a builder involved in a cheating case by a lower court, stating that the liberty of an accused cannot be safeguarded by an order “born in sin”. Justice Uday Kumar noted that a bail order that is unsigned or partially initialed, lacks a rationale addressing the victim’s specific objections, and disregards witness intimidation history, constitutes a perverse ruling that the high court must annul. “This case showcases a troubling scenario where the liberty of the accused overshadowed the victim’s safety through an order that fails the fundamental requirements of…

InfrastructureLatest Stories

West Bengal Plans Reuse of Treated Wastewater in Housing

Representative AI image KOLKATA: The Urban Development and Municipal Affairs Department of West Bengal has drafted a new state policy aimed at the safe reuse of treated wastewater. This initiative is designed to encourage sustainable practices in the reuse of treated water. The draft outlines that new residential housing projects, which have received environmental clearance, must incorporate systems for the maximum reuse of treated wastewater for non-potable purposes. This directive is particularly intended for multistoried buildings, gated communities, public institutions, commercial establishments, hotels, airports, and major railway stations. Stakeholders, experts, and organizations are invited to share their feedback on the…

IndustryLatest Stories

Godrej Properties Snags 11 Acres in Gurugram, 5 Acres in Kolkata

Representative AI image NEW DELHI: Godrej Properties (GPL) has secured 11.36 acres of land in Sector 63A, Gurugram, for residential development via an outright purchase. This venture is projected to generate an estimated revenue of over ₹4,500 crore, featuring a combination of premium low-rise and high-rise residences. Gaurav Pandey, Managing Director & CEO, stated, “With this new project, we have successfully added over ₹40,000 crore in future sales potential through portfolio expansions in FY26, achieving twice our business development target for the fiscal year.” In a separate initiative, the company also won a bid in an e-auction conducted by the…

IndustryLatest Stories

Eden Realty Group to invest ₹5,000 crore in projects by 2030

KOLKATA: Eden Realty Group announced on Tuesday a substantial investment of ₹5,000 crore aimed at developing residential, commercial, and hospitality projects along both banks of the Hooghly River by 2030. The initiative includes a premium riverside residential complex in Howrah’s Shalimar, as well as five luxury hotels offering a total of 600 rooms in Kolkata, Howrah, and South 24 Parganas, as disclosed by Eden Realty MD Arya Sumant. “For the first time, we are venturing into the hospitality sector with plans to establish five luxury hotels on land leased from SMPK (Kolkata Port). We’ve engaged with various Indian and international…

IndustryLatest Stories

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…

IndustryLatest Stories

DLF Sells IT SEZ Land in Kolkata to Srijan for ₹670 Crore

Representative AI image NEW DELHI: DLF has signed definitive agreements to sell its IT/ITeS SEZ asset and an adjacent land parcel in Kolkata to Makalu Builders LLP and Gangapurna Projects LLP, subsidiaries of Srijan Realty, for a total of approximately ₹670 crore. As per a business transfer agreement (BTA) executed on February 3, 2026, DLF will transfer its IT/ITeS SEZ operations, including DLF TechPark II and around 8.15 acres of freehold land in Kolkata, to Makalu Builders LLP for ₹409.86 crore. The asset has a gross leasable area of about 10.54 lakh sq ft. Additionally, DLF has signed an agreement…

CommercialLatest Stories

Hidco to Auction Two Commercial Plots in New Town, Kolkata

Representative image KOLKATA: Hidco is set to conduct an e-auction for two commercial plots in the CBD area of New Town—one spanning 10 acres and the other 3.9 acres—on a freehold basis, scheduled for next month. The starting bid for the 3.9-acre plot is set at Rs 138.9 crore, while the 10-acre plot has a starting bid of Rs 353.3 crore. Authorities are currently inviting bids from qualified corporate entities. Officials have stated that changes in the intended use of the plots will not be permitted, and construction must commence within one year of land possession. Published On Jan 19,…

Latest StoriesResidential

Kolkata: E-Auction of 10 New Town Residential Plots

Representative AI image KOLKATA: The state government has designated additional land in New Town for residential housing projects. The West Bengal Housing Infrastructure Development Corporation plans to e-auction 10 large plots, approximately 4.7 acres in total, on a freehold basis for residential purposes. Officials indicated that the plots up for auction vary in size from 1,500 sq m to 2,000 sq m and are located in Action Area II. The auction is set to take place next month. The authorities are calling for bids from eligible corporate bodies registered under the Companies Act, as well as registered trusts or societies.…

InfrastructureLatest Stories

Kolkata Civic Body Launches Drive to Demolish Unsafe Buildings

KOLKATA: In response to the Shamsul Huda Road building collapse, the Kolkata Municipal Corporation (KMC) is initiating a comprehensive campaign to demolish unsafe and decrepit buildings throughout the city. The KMC Buildings Department plans to use specific powers to demolish structures posing risks to both residents and pedestrians. An official from the KMC Buildings Department disclosed that assistance will be sought through an express order—authorized under section 411(4) of the KMC Buildings Rule—allowing the civic body to dismantle unsecured portions of dilapidated structures deemed irreparable. A prior survey identified buildings vulnerable to collapse, particularly during heavy rainfall. “We have identified…

Latest StoriesRegulatory

ED Files Charge Sheet in ₹145-Crore Sand Mining Case

KOLKATA: On Saturday, the Enforcement Directorate (ED) filed a charge sheet at the special CBI court regarding illegal sand mining in Bengal, estimating the financial irregularities at nearly Rs 145 crore. The charge sheet identifies 14 companies and four individuals, including businessman Arun Saraf and three employees. Another businessman, Anuran Kumar Senapati, previously questioned by the ED, has been designated as a witness. “My client fully cooperated with the investigating agency,” stated Senapati’s lawyer, Sanjib Dan. The ED’s investigation uncovered that illegal sand mining and sales had been ongoing for an extended period under various companies. They allege that Saraf…