The New Town Kolkata Development Authority (NKDA) has issued legal notices to 13 homeowners for running commercial establishments such as guest houses, restaurants, private offices, kitchens, and pre-schools without proper approvals. Officials pointed out that several of these properties posed serious fire hazards and involved modifications to sanctioned building plans. This action follows earlier notices to other property owners and reflects NKD's effort to enforce zoning and building regulations. Authorities have warned that further violations could lead to fines, closure, or revocation of occupancy certificates.Read more

The Syama Prasad Mookerjee Port (SMPK) in Kolkata has announced investment commitments worth more than INR 48,000 crore through multiple agreements signed during India Maritime Week 2025. These partnerships involve major companies such as Haldia Petrochemicals Ltd, Dredging Corporation of India Ltd, Adani Ports, JSW Infrastructure, Srijan Realty and HUDCO. The agreements cover areas like dredging, terminal development, petroleum infrastructure, real-estate projects, and logistics connectivity. This development aligns with SMPK's goal of expanding its port capacity and integrating industrial and real-estate growth across the eastern region.Read more

The Syama Prasad Mookerjee Port (SMP) in Kolkata has secured more than INR 48,000 crore in strategic investment commitments through multiple partnerships signed during India Maritime Week 2025 in Mumbai. The agreements cover a range of projects, including new container terminals, riverfront development, dredging operations, and industrial infrastructure expansion. Major companies such as Haldia Petrochemicals, Adani Ports, JSW Infrastructure, Dredging Corporation of India, and UltraTech Cement have committed significant investments aimed at enhancing port capacity, connectivity, and economic growth in eastern India.Read more

Godrej Housing Finance, a subsidiary of Godrej Capital, has ventured into eastern India with the opening of a new branch in Kolkata. The move marks the company's strategic expansion in the eastern and northeastern markets, aimed at strengthening its national presence. The new branch will act as a regional hub, offering home loans, including exclusive schemes for women with special interest rates and complimentary health insurance coverage.Read more

Kolkata's real estate market remained stable in the third quarter, with residential property prices rising 8 per cent YoY, driven by genuine end-user demand and preference for quality developments. Sales volume grew by 2 per cent, with buyers focusing on reputed developers and well-connected areas. The office segment also performed steadily, particularly in IT outsourcing and flexible workspaces, with 0.5 million sq ft of transactions reflecting 190 per cent YoY growth. Tight supply of Grade A offices pushed average rentals up by 14 per cent, the highest among major cities.Read more

Transport Corporation of India Limited (TCI) has announced the opening of a large warehouse in Kolkata, positioned as a strategic hub for Eastern and North-eastern India. The facility spans approximately 3 lakh sq. ft. across 10.5 acres and is designed to handle cross-border trade with Bhutan, Bangladesh and Southeast Asia. Equipped with cold-chain solutions, eco-friendly construction, robotics-compatible infrastructure and energy-efficient designs, it aims to serve sectors such as automotive, e-commerce, FMCG, retail and textiles while strengthening TCI's legacy in Kolkata.Read more

Syama Prasad Mookerjee Port, Kolkata (SMPK) has signed a 30-year concession with JSW Infrastructure Ltd for a project valued at INR 740 crore. The project involves reconstructing Berth 8 and installing rail-mounted quay cranes at Berths 7 and 8 in the Netaji Subhas Dock, supported by a 25-acre backup area. Once operational, the terminal is expected to handle around 5 lakh TEUs annually. The move builds on previous upgrades at Kolkata port aimed at increasing container handling efficiency and reducing congestion, while JSW Infrastructure brings experience from earlier port development projects across India.Read more

The Syama Prasad Mookerjee Port, Kolkata, has entered a 30-year concession with JSW Infrastructure Ltd for a significant redevelopment project worth INR 740 crore. The initiative involves reconstructing berth 8 and installing rail-mounted quay cranes at berths 7 and 8, supported by a 25-acre backup area, aimed at boosting container cargo handling efficiency. The terminal is expected to manage around 5 lakh TEUs annually. Port authorities emphasised that the project aligns with the government's vision of modernising India's port infrastructure.Read more

Kolkata's residential property market registered 6,196 sales in August, a 15 percent increase from a year ago and 33 percent higher compared to July. Both new sales and resale transactions contributed to this rise. From January to August, registrations touched 41,440 units, up 37 percent from the same period last year. According to Knight Frank India, the demand is being supported by preference for larger homes, improving connectivity, and easier financing options. Analysts expect the growth trend to continue through the festive period and the rest of 2025.Read more

The New Town Kolkata Development Authority (NKDA) has announced measures to curb illegal waste dumping on vacant plots. Fines will range from INR 1,000 to INR 1 lakh, and warning boards will be displayed across affected sites. A dedicated helpline will address complaints regarding construction and demolition (C&D) waste, particularly in high-activity areas like Action Area II and III. NKDA teams will promptly respond to complaints during office hours to ensure proper waste collection. The move aligns with previous efforts by the Bidhannagar Municipal Corporation to maintain cleanliness and public health.Read more

The Kolkata Municipal Corporation has decided to monitor reconstructed houses in Durga Pituri Lane and nearby areas for ten years to address concerns about possible damage caused by metro operations. The move comes after residents expressed fears of recurring structural failures, while councillors urged the creation of a dedicated monitoring cell and experts from Jadavpur University were brought in to ensure construction quality and safety.Read more

IHCL is investing up to INR 5 crore in the redevelopment of Chotelal Ki Ghat in Kolkata, a historic site along the Hooghly River built in the 1870s. Supported by INTACH, the project focuses on restoration, conservation, landscaping, and beautification, in line with the Namami Gange Programme and Swachhata initiatives. Executives from IHCL and Syama Prasad Mookerjee Port emphasized enhancing the ghat's cultural significance and community engagement. The collaboration is part of a larger effort to revive heritage sites through private-public partnerships, aiming to make Chotelal Ki Ghat a prominent cultural and tourist destination.Read more

Amazon finalised a built-to-suit lease agreement for a 600,000 sq ft warehousing facility at Kolkata's Oswal Logistics Park, signalling its continued push into India's supply chain network. The structure will feature a 400,000 sq ft plinth area and a 200,000 sq ft mezzanine space, with a handover anticipated between 2027 and 2028. Positioned among the premium rental deals in the city, the facility is set to incorporate advanced automation and fulfilment systems. This move reinforces Amazon's long-term ambition to bolster last-mile delivery across Tier-1 and Tier-2 urban centres.Read more

Apeejay Surrendra Park Hotels is set to claim 55 per cent of revenues from its upcoming luxury hotel and serviced-apartment development along Kolkata's EM Bypass. The 3.5-acre project, in partnership with Ambuja Neotia Group, will house a 250-key five-star hotel and 100 serviced residences. With most approvals in hand and municipal clearance expected soon, construction is slated to begin shortly. Residential units will launch around Diwali. The ambitious venture promises strong margins without additional capital and is expected to generate INR 600 crore in total revenues over three years.Read more

The Syama Prasad Mookerjee Port in Kolkata is implementing measures to cut vessel turnaround time from five to four days within a year. Chairman Rathendra Raman announced upgrades including eight mobile harbour cranes, floating cranes at Sagar Island, and night navigation to improve efficiency. Dredging is underway to boost draft levels, while new lock gates will ease congestion at Kolkata and Haldia ports. Capacity is set to rise from 87.5 million tonnes by an additional 30 million. Warehousing projects under the Sagarmala framework, along with the upcoming Balagarh facility, aim to enhance cargo handling, reduce delays, and strengthen the region's maritime connectivity.Read more

The Kolkata Municipal Corporation has renewed its crackdown on structurally unsafe buildings, revealing that 10% of nearly 3,000 flagged structures are in a critical state. Mostly over a century old and built with lime and mortar, these buildings have weakened further due to harsh monsoon cycles. High-risk areas include Burrabazar, Cossipore, Burtolla, and parts of central Kolkata. Following a recent fatal collapse in Bowbazar, officials have reactivated demolition and repair orders. Urgent notices are being served to landlords and residents in severely damaged buildings across streets like Ripon Street and Lenin Sarani. Civic engineers have been tasked with re-inspections and immediate safety action.Read more

The Kolkata Municipal Corporation (KMC) has initiated stricter monitoring of construction material dumping on city roadsides to combat waterlogging. Developers of under-construction buildings are now required to store materials immediately on the ground floor once built, facing stop-work notices for non-compliance. This directive follows complaints of inundation caused by debris, which is often illegally dumped in drains and vacant plots. The move aligns with existing rules mandating proper waste disposal and comes as a similar redressal system for construction and demolition waste is being developed in New Town to enhance urban cleanliness and prevent blockages.Read more

Syama Prasad Mookerjee Port, Kolkata (SMPK), has entered into a Memorandum of Understanding with PS Group Realty for the redevelopment and beautification of Nimtalla Immersion Ghat. This partnership, part of PS Group's corporate social responsibility efforts, is aimed at enhancing the ghat's cultural, spiritual, and community value. SMPK will assist with utilities and necessary clearances during the redevelopment, and will take on maintenance responsibilities once the work is completed. The initiative mirrors a recent agreement with the Adani Group for Kumartoli Ghat, reflecting growing public-private interest in revitalising Kolkata's historic riverfronts.Read more

Kolkata's office leasing volume reached 11 lakh sq ft from January to July 2025, marking a 60% year-on-year increase and the highest half-yearly transaction volume in a decade. This surge was driven by large IT outsourcing and flexible workspace deals. Office vacancy rates dropped to 33.5%. However, the residential market saw an 11% sales decline and 29% drop in new launches. Despite this, unsold residential inventory decreased by 12%, showing a healthier market balance, indicating a strong commercial segment contrasting with a paused residential sector.Read more

IHG Hotels & Resorts, in partnership with Samhi Hotels, has launched its second Holiday Inn Express in Kolkata with a 113-room property developed for INR 40 crore. This brings the total number of Holiday Inn Express hotels in India to 18, with Samhi owning 12. IHG now operates 52 hotels across six brands in India and foresees potential for up to 20 Holiday Inn Express locations in Kolkata alone. The group is eyeing expansion into West Bengal's emerging destinations. Samhi, operating 32 hotels nationwide, views eastern India as a growth hotspot. Meanwhile, 84 IHG-affiliated hotels are currently under development across India.Read more