Tag: West Bengal

IndustryLatest Stories

Kolkata: Audit Panel to Evaluate 60 New Town High-Rises

KOLKATA: Around 60 residential and commercial high-rise structures built in the last three years in New Town are now under scrutiny by the government’s high-level audit committee. This comes as the verification process begins for all G+5 high-rise buildings and commercial establishments. According to the standard operating procedures (SOP) issued by the government, all civic corporations and urban local bodies involved in the audit of high-rise buildings must first compile a list of cases where building plan approvals have been granted in the past three years. The focus will be on under-construction projects such as hospitals, nursing homes, educational institutions,…

IndustryLatest Stories

“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.…

IndustryLatest Stories

Panel to Audit Sanctioned Plans for Kolkata High-Rises

KOLKATA: West Bengal’s government has formed a committee to conduct a special audit of sanctioned plans for high-rise residential and commercial buildings in and around Kolkata. This initiative was disclosed by Chief Minister Suvendu Adhikari, explaining that the committee will meet on Friday to start this important task. In response to the recent warehouse collapse that resulted in 11 fatalities, the Chief Minister ordered a thorough audit of all commercial projects currently under construction that received approval from the former TMC administration. Work on these projects has been suspended until July 31, as per Adhikari’s directive. Adhikari reiterated that construction…

CommercialLatest Stories

West Bengal CM Suspends Kolkata Projects Until July 31

KOLKATA: On Wednesday, West Bengal Chief Minister Suvendu Adhikari announced a suspension of all under-construction commercial projects approved by the previous TMC government until July 31, following a warehouse collapse that resulted in five fatalities. After visiting the accident site, the chief minister revealed that initial reports indicated significant flaws in the approved building plans for the collapsed warehouse. “I have instructed the Kolkata Municipal Corporation (KMC) commissioner and the Urban Development and Municipal Affairs Department to halt work on all projects approved by the previous regime, especially those that involved filling water bodies. We will conduct an audit 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

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…

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…

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 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 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…