Tag: Kolkata

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…

Latest StoriesResidential

Kolkata: 1,000 Slum Dwellers Relocated to Banglar Bari

KOLKATA: Nearly 1,000 residents from 220 families in Jhoro Bustee, a slum near Golf Club Road, have relocated to the KMDA-developed ‘Banglar Bari’ on the same site. This project consists of five five-storey blocks, offering a total of 220 flats at a cost of Rs 13.4 crore, with each flat covering an area of 366 sq ft. According to KMDA officials, construction of a community center and kitchen is already in progress and is expected to be finalized within a few months. “The housing project was executed in two phases—180 units in the first phase and 40 in the second…

CommercialLatest Stories

Motorola Leases 200+ Seats at Smartworks, Kolkata

Representative image Motorola Solutions has secured over 200 seats at its Kolkata center through a lease with managed office space provider, Smartworks, according to two sources familiar with the matter. The lease spans 60 months, encompassing space within the 110,000 sq. ft. center. In the last quarter, Smartworks expanded by leasing over one million sq. ft. across four major cities. The firm leased significant spaces including 110,000 sq. ft. in Kolkata, 200,000 sq. ft. in Bengaluru, 557,000 sq. ft. in Mumbai, and 165,000 sq. ft. in Pune during the April–June period. As of June 30, 2025, Smartworks’ leased portfolio reached…

Latest StoriesResidential

West Bengal CM: Redevelopment Won’t Threaten Residence Rights

KOLKATA: Chief Minister Mamata Banerjee reassured residents of central Kolkata on Wednesday that their rights would be preserved following the redevelopment of dilapidated buildings. She emphasized that every legitimate resident would be documented and granted occupancy certificates, but urged caution regarding safety. During the inauguration of Jagaddhatri Puja by the Posta Bazar Merchant Association, Banerjee acknowledged the past accidents in the area. “Through collective efforts, we’ve successfully reduced such incidents,” she stated. “There are several crumbling buildings here. The KMC has issued notices, but residents are concerned about their living arrangements post-demolition. They must realize that staying in these structures…

IndustryLatest Stories

Kolkata’s Sector V to Pay Property Tax via UAA Next Year

KOLKATA: NDITA has submitted its final proposal to the state regarding the implementation of the unit area assessment (UAA) system for property tax collection in Sector V. This draft proposal from NDITA outlines that the property tax for each holding will be calculated by multiplying its annual valuation by the applicable tax percentage set by the government, ensuring that no property tax exceeds 30% of the annual value of land and buildings in the region. An NDITA official shared, “Several modifications have been incorporated into the draft, which has been approved by the valuation board. The completed proposal is now…

InfrastructureLatest Stories

West Bengal CM urges councillors to provide drainage for high-rises

KOLKATA: Chief Minister Mamata Banerjee called on Kolkata Municipal Corporation councillors to learn from the heavy rainfall on September 23, emphasizing the need for adequate drainage in high-rise buildings. The CM cautioned the councillors to heed recent experiences in both Kolkata and North Bengal. “The water accumulation in high-rises stems from improper dredging by builders. Many do not even provide the necessary documentation. High-rise complexes should have designated parking, but if there’s no drainage system, how can we manage the water? This calls for thorough inspections post-construction to ensure all facilities are in place,” the CM stated. Additionally, CM Banerjee…

Latest StoriesRegulatory

Calcutta HC: Auction Buyers Must Pay Property Tax Dues

KOLKATA: The Calcutta High Court ruled on September 25 that auction purchasers must cover the property tax liabilities of previous owners. This decision arose when a company requested a waiver for outstanding property taxes amounting to Rs 1,23,84,142, which the KMC deemed unacceptable for mutation. Justice Gaurang Kanth indicated that the auction purchaser holds the responsibility for the property’s tax arrears, stating, “The petitioner, being the auction purchaser, is obliged to settle the outstanding property tax dues. The sale notice and expression of interest (EOI) highlighted that all bidders should conduct their own investigations and due diligence before bidding.” The…