Tag: Kolkata

Latest StoriesRegulatory

Common Area Changes Require Two-Thirds Resident Approval: WBREAT

KOLKATA: The West Bengal Real Estate Appellate Tribunal (WBREAT) has sided with homebuyers at ‘Atmosphere – the luxurious condominium’ located off EM Bypass. On Friday, the tribunal upheld RERA’s interim order preventing developers from ‘alienating, transferring, or dealing’ with any portion of the project or its common areas. Previously, 10 residents of the development accused the promoter of unilaterally altering plans without the required consent from 2/3 of the existing allottees. On February 25, 2025, the High Court allowed construction to continue based on the modified plans, contingent upon the results of arbitration proceedings brought by some allottees. In its…

Latest StoriesRegulatory

Calcutta HC: KMC Can Fix Unsafe Buildings in Disputes

KOLKATA: The Calcutta High Court ruled on Dec 23 that civil disputes would not hinder the renovation of a building designated as ‘dilapidated’ or ‘unsafe’ by the KMC. The court stated, “The residents, including tenants and nearby individuals, could face substantial risk if the Corporation’s order is not executed.” The challenge arose from the trial court’s decision to lift an interim order in a civil suit regarding a 1/6th property share, brought before the division bench of Justices Sabyasachi Bhattacharyya and Supratim Bhattacharya, which also contested transfer deeds issued by the building owners. After the lower court issued the interim…

IndustryLatest Stories

Ambuja Neotia to Revive Usshar Project in Batanagar, Kolkata

NEW DELHI: Ambuja Housing & Urban Infrastructure Company (AHUICL), a subsidiary of Ambuja Neotia Group, has secured approval from the National Company Law Tribunal (NCLT) to acquire the Usshar Project in Batanagar as part of a parcel-wise resolution for the corporate debtor Riverbank Developers. According to the resolution plan endorsed by a division bench of NCLT, Kolkata, under the Insolvency and Bankruptcy Code (IBC), AHUICL will assume control of the asset parcel comprising the Usshar residential project, which spans approximately 9.4 acres. As outlined in the approved plan, the company will make an upfront payment of ₹34 crore, with the…

Latest StoriesRera

West Bengal REAT: GST Refund for Cancelled Flat Deals

KOLKATA: The West Bengal Real Estate Appellate Tribunal has ruled that a home buyer cannot reclaim GST from a developer after a property purchase deal has been terminated. Refund requests must be made directly to the GST authority. In this case, Malabika Bhoumic agreed to purchase a flat at Project ONE-10 on May 25, 2022, and made a partial payment of Rs 9,17,919 towards the total cost of Rs 88,26,140 for the 665 sq ft flat on the 15th floor. The agreement was terminated by the promoter, PS Group Realty Pvt Ltd, on June 16, 2023, due to non-payment of…

Latest StoriesRegulatory

NKDA Sends Notices to 37 New Town Buildings in Kolkata

Representative image KOLKATA: The New Town Kolkata Development Authority (NKDA) has issued stop operation notices to the owners of 37 residential buildings in New Town for illegally operating hotels and guest houses without the required permissions. According to the list of buildings receiving these notices, 19 are situated in various blocks of New Town Action Area I, while 18 are in Action Area II. Officials reported that these residential premises were functioning as guest houses, hotels, and banquet halls without the necessary approvals from relevant authorities. “These operations violate a notification from the state urban development department issued in 2015,…

CommercialLatest Stories

Smartworks Leases 1.68 Lakh Sq Ft in Kolkata; 91Springboard Expands

Representative image NEW DELHI: Smartworks Coworking Spaces (Smartworks) has signed a lease for 1.68 lakh sq ft in Kolkata with a leading global provider of information technology, consulting, and business process services. The IT firm’s new office will be set across two locations, Victoria Park and Mediasiti, both situated in Salt Lake City, Sector V. The transaction was facilitated by JLL India as the advisory partner. Currently, the company manages a portfolio of 14 million sq ft across 14 cities. 91Springboard expands with over one lakh sq ft in Bengaluru and Chennai 91Springboard has introduced two new hubs: one in…

IndustryLatest Stories

BSNL to Auction 11-Acre Land in Madhyamgram, Kolkata

Representative AI image KOLKATA: Officials have announced that an 11.1-acre land parcel belonging to BSNL on Jessore Road in Madhyamgram is expected to be auctioned within the next two to three months. The Central Public Sector Undertaking has placed an initial valuation of Rs 179 crore on the property, which could exceed Rs 250 crore as major players are anticipated to participate in the auction. Recently, BSNL sold an 87 cottah land parcel in Kankurgachi for Rs 131 crore, achieving a price of Rs 1.5 crore per cottah, marking it as one of the city’s top land deals and the…

Latest StoriesRera

West Bengal REAT Extends Project Registration Deadline

KOLKATA: The West Bengal Real Estate Appellate Tribunal has ruled to restrict the extension period for a housing project’s registration. This decision follows legal challenges and regulatory issues stemming from the Supreme Court’s 2021 ruling that annulled the West Bengal Housing Industry Regulation Act, 2017. The project, Essense by Periwal Constructions LLP, was initially registered with the West Bengal Housing Industry Regulatory Authority (WBHIRA) from September 6, 2019, to June 30, 2024. However, it encountered several obstacles due to the Covid-19 pandemic and subsequent legal issues. Construction was halted by the Howrah Municipal Corporation in September 2022, a decision that…

InfrastructureLatest Stories

Kolkata: KMRC Demolishes Two More Buildings for Cave-in Zone

Sure! Here’s a rewritten version of the content: Representative AI image KOLKATA: In an effort to facilitate the reconstruction of homes that collapsed during the tunneling incident in August 2019, two more houses in the Bowbazar metro collapse zone have been demolished. The recent demolition of 10B Durga Pituri Lane and 14B Sykrapara Lane was carried out by KMRC to eliminate steel beams that could hinder construction. Approximately 23 new houses are set to be built in the vacant space at Durga Pituri Lane, with the reconstruction of three additional homes in progress nearby. This comes after the opening of…

Latest StoriesRegulatory

Kolkata: NKDA Warns 13 Homeowners Over Commercial Use

Representative Image KOLKATA: The NKDA has issued notices to the owners of 13 residential buildings in New Town for unlawfully operating commercial establishments. Previously, notices had already been sent to a few other owners. These homeowners have been using their residences as guest houses, restaurants, private offices, and pre-schools without the required permissions. An NKDA official stated, “Most of these properties presented significant fire hazards and operated without NKDA approval. Some owners have even altered their approved building plans.” Published On Nov 12, 2025 at 06:00 PM IST Join a community of over 2 million industry professionals. Subscribe to our…