SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Kolkata

Kolkata builders begin remobilising workers as high-rise construction looks set to resume

2 hours ago

Builders in Kolkata have started calling workers back to construction sites as developers anticipate the resumption of high-rise projects following a period of disruption. The move comes as the state’s urban development department has updated building-rule references to align with the National Building Construction Standards 2026, replacing references to the earlier National Building Code. The revised provisions cover structural design, fire safety, construction practices, lifts, ventilation, earthquake protection and other building services. Developers are now preparing to restart work and regain time lost during the disruption.Read more

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Kolkata ring road, EM Bypass-New Town flyover planned to improve connectivity

18 hours ago

The West Bengal government is planning a ring road around Kolkata and a flyover connecting the Eastern Metropolitan Bypass with Rajarhat-New Town to improve urban connectivity and support business activity. Urban Development and Municipal Affairs Minister Agnimitra Paul said the proposed projects are part of wider efforts to strengthen roads, drainage, water supply and civic services. The government is also considering the revival of an approximately 7-km flyover proposal from the EM Bypass Metropolitan area, estimated to cost around INR 900 crore. However, the projects are yet to receive final approval.Read more

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Kolkata real estate projects set for clearances as scrutiny nears August 15 deadline

09 Aug 2026

Around 60 per cent of nearly 600 real estate projects under scrutiny in Kolkata are expected to receive clearance within days, while most of the remaining projects could get approval before the August 15 deadline. The scrutiny was introduced by the Kolkata Municipal Corporation for projects above four floors after the collapse of a warehouse at Taratala. Construction at the affected projects had been suspended for revalidation of approvals issued under the previous TMC government. CREDAI West Bengal said the review process has made progress, while projects with incomplete submissions or serious deviations may remain stalled.Read more

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Taj Hotels and Prabha Khaitan Foundation partner to train young adults with special needs in Kolkata

30 Jul 2026

Taj Hotels has partnered with the Prabha Khaitan Foundation under Project Prayas to provide practical hospitality training to young adults with special needs across its Kolkata hotels. Supported by Shree Cement Limited, the initiative focuses on developing workplace skills through hands-on experience rather than classroom learning. Participants will engage in front-of-house responsibilities such as welcoming guests and serving beverages under the guidance of hotel professionals. The collaboration also supports IHCL's broader ESG commitments to youth skill development and aims to promote inclusive employment opportunities in the hospitality sector.Read more

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How four bridges transformed Kolkata forever

27 Jul 2026

Kolkata's growth has been inseparable from the bridges that span the Hooghly River, connecting the city with Howrah and beyond. From the first permanent crossing at Vivekananda Setu to the iconic Howrah Bridge, the elegant Vidyasagar Setu and the modern Nivedita Setu, each structure was built to solve the challenges of its time. Together, these bridges transformed trade, transport and urban expansion, making them far more than engineering landmarks they became the backbone of one of India's oldest and busiest metropolitan regions.Read more

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Tata Consultancy Services opens Gemini Experience Centre in Kolkata to expand AI innovation

20 Jul 2026

Tata Consultancy Services (TCS) has expanded its artificial intelligence innovation network by launching a Gemini Experience Centre in Kolkata in partnership with Google Cloud. The facility is the company's third such centre in India and is designed to help consumer-focused businesses develop and deploy AI solutions. The centre will cater to sectors including retail, consumer packaged goods, travel, tourism and hospitality. TCS also plans to establish 10 Gemini Experience Centres globally by the end of 2026, with four of them located in India, as part of its broader AI expansion strategy.Read more

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Kolkata home registrations decline 14% in H1 2026 amid election-led slowdown

17 Jul 2026

Home registrations in the Kolkata Metropolitan Area (KMA) declined 14% year-on-year to 26,207 units during the first half of 2026, according to Knight Frank India. The consultancy attributed the moderation to slower market activity during the West Bengal Assembly election period and a high comparison base from the previous year, when registrations had surged sharply. In June alone, apartment registrations fell 14% from a year earlier and 21% from the previous month to 3,669 units. Despite the decline, Knight Frank said transaction volumes remained robust by historical standards, supported by resilient end-user demand. The report also highlighted a continued shift towards larger residential units, with homes measuring 501–1,000 sq ft accounting for the majority of registrations, while demand for apartments exceeding 1,000 sq ft recorded significant year-on-year growth.Read more

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Only 11 of 136 high-rise project sites cleared after Kolkata construction safety audit

16 Jul 2026

A government-appointed audit committee has permitted construction to resume at only 11 of 136 high-rise project sites surveyed across Kolkata and adjoining urban areas following a comprehensive safety review. The inspections were ordered after the Taratala warehouse collapse, which prompted the West Bengal government to temporarily suspend work on major construction projects. The audit examined structural stability, approved building plans, construction quality, geotechnical conditions and regulatory compliance. Projects that failed to meet the prescribed standards must rectify deficiencies before receiving permission to restart work, reflecting the state's renewed emphasis on construction safety and regulatory oversight.Read more

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West Bengal orders safety audit of high-rise projects after fatal Kolkata warehouse collapse

30 Jun 2026

The West Bengal government has launched a comprehensive safety audit of sanctioned high-rise residential and commercial projects in and around Kolkata following the collapse of an under-construction warehouse that claimed 11 lives earlier this week. A committee comprising officials from multiple government agencies, along with experts from RITES and IIT Kharagpur, will scrutinise approved building plans, structural integrity and fire safety compliance before suspended projects are permitted to resume. The exercise will also extend to waterbodies, construction site maintenance and public safety measures. Commercial projects currently under construction will remain suspended until they receive clearance through the audit process, with the government stating that development would continue only after compliance with prescribed safety standards.Read more

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11 killed in Kolkata warehouse collapse as Bengal probes building plan approval

30 Jun 2026

Eleven people died after a warehouse collapsed in Kolkata's Burra Bazar, prompting the West Bengal government to investigate the building's approval process. Chief Minister Mamata Banerjee alleged that the structure's plan had been sanctioned through irregularities during the tenure of a former Kolkata mayor. Authorities have launched a probe into compliance with sanctioned plans and building regulations, while rescue teams completed operations after recovering all victims from the debris.Read more

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NCLAT stays insolvency proceedings against Vikram Solar pending further hearing

29 Jun 2026

The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings initiated against Vikram Solar, temporarily halting the Corporate Insolvency Resolution Process (CIRP) ordered by the National Company Law Tribunal (NCLT), Kolkata Bench. The stay follows Vikram Solar’s appeal against an NCLT order admitting an insolvency petition filed by operational creditor Isitva Steels under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT had earlier admitted the plea and appointed an interim resolution professional, resulting in the suspension of the company’s board. With the appellate tribunal granting interim relief, no further action can be taken under the insolvency process until the matter is heard again. The next date of hearing has not yet been disclosed.Read more

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West Bengal suspends commercial construction projects after fatal Kolkata warehouse collapse

26 Jun 2026

The West Bengal government has ordered a temporary halt to under-construction commercial projects across the Kolkata Municipal Corporation (KMC) area until July 31 following the collapse of an under-construction warehouse in Taratala that claimed multiple lives and left several workers injured. The suspension forms part of a wider safety review of projects approved under the previous administration, with authorities directing comprehensive audits of building plans, construction quality and regulatory compliance. The move comes amid concerns over structural safety standards in ongoing developments and is expected to impact commercial real estate activity across Kolkata in the near term. The government has indicated that projects will be allowed to resume only after undergoing scrutiny and meeting prescribed safety requirements.Read more

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Kolkata warehouse collapse leaves five workers dead, rescue operations continue

26 Jun 2026

• Five workers have died following the collapse of a warehouse structure in Kolkata, while rescue teams continue efforts to locate and evacuate those trapped beneath the debris.
• Emergency personnel have rescued several individuals since the incident, with search operations involving specialised disaster response teams and heavy equipment.
• Authorities are investigating the circumstances that led to the collapse and assessing structural conditions at the site.
• The incident has raised concerns over worker safety and structural compliance at industrial and storage facilities in the city.
Read more

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KSH Integrated Logistics launches 60,000 sq ft warehouse in Kolkata

21 Jun 2026

KSH Integrated Logistics Pvt. Ltd. has entered the Eastern India market with the launch of a 60,000 sq. ft. Grade-A warehousing facility in Kolkata. The multi-client warehouse has been developed to support businesses operating across Eastern and North-Eastern India, particularly in sectors such as FMCG, FMCD and fintech. The facility offers warehousing, transportation and value-added logistics services, supported by technology-driven inventory and transportation management systems. KSH said the warehouse is expected to create more than 100 direct and indirect employment opportunities while strengthening supply chain infrastructure in the region. The launch marks the company's first logistics facility in Eastern India and forms part of its broader strategy to expand its national warehousing and distribution network.Read more

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JSW Infra wins Kolkata port container terminal project with 30-year concession

11 Jun 2026

JSW Infrastructure has secured a major container terminal project at Syama Prasad Mookerjee Port Authority in Kolkata following a competitive bidding process. The project, awarded under the public-private partnership model on a design, build, finance, operate and transfer basis, involves the integrated development of container handling infrastructure at Netaji Subhas Dock. With a 30-year concession period, the development will be executed in two phases and is expected to add around 0.93 million TEUs of capacity. Combined with the company's ongoing berth modernisation project at the Kolkata Dock System, JSW Infrastructure's total container handling capacity at the port is projected to reach approximately 1.4 million TEUs, strengthening cargo handling capabilities in eastern India.Read more

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SOTC Travel opens ninth Kolkata outlet to strengthen presence in West Bengal

Kolkata News Desk

06 Jun 2026

• SOTC Travel has expanded its retail network in West Bengal with the launch of a new outlet on B.T Road in Kolkata.
• The new branch marks the company’s ninth store in Kolkata and forms part of its strategy to strengthen its presence across key metropolitan and tier-I and tier-II markets.
• The location is expected to cater to families, professionals, entrepreneurs and younger travellers seeking domestic and international holiday packages.
• The company reported continued demand for spiritual tourism, luxury cruises, expedition travel and adventure-focused experiences.
• SOTC is also promoting travel protection solutions, including its TravSure initiative and visa rejection cover, to enhance customer confidence.
Read more

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Calcutta High Court says property buyers cannot seek regularisation of illegal construction solely on investment grounds

Kolkata News Desk

02 Jun 2026

• The Calcutta High Court has ruled that buyers cannot seek regularisation of unauthorised constructions merely because they have invested money in such properties.
• The court observed that financial investment does not create a legal right to legitimise structures built in violation of sanctioned plans and building regulations.
• The judgment reiterated the responsibility of buyers to conduct due diligence before purchasing property and verify statutory approvals.
• The court stressed that permitting regularisation on sympathetic grounds would weaken urban planning laws and encourage further violations.
• The ruling comes amid continuing judicial scrutiny of illegal construction and municipal enforcement across West Bengal.
Read more

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Calcutta High Court pauses demolition of Tiljala and Kasba buildings for 30 days, directs KMC to hear residents

Kolkata News Desk

01 Jun 2026

• The Calcutta High Court has stayed demolition action against several buildings in Tiljala and Kasba for 30 days and directed the Kolkata Municipal Corporation (KMC) to hear both owners and occupants before proceeding further.
• The order was passed in response to petitions filed by residents and occupants of multiple buildings facing demolition notices issued under Section 400(1) of the KMC Act.
• More than 150 occupants across around five properties challenged the notices, alleging that no individual hearing opportunity had been provided before demolition proceedings were initiated.
• The court directed maintenance of status quo during the interim period while allowing municipal authorities to remove portions considered structurally dangerous after consultation with residents.
• The matter forms part of a wider crackdown on alleged unauthorised constructions in Kolkata following recent safety concerns linked to illegal buildings in the Tiljala area.
Read more

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RVNL gets approval to complete key VIP Road stretch of Kolkata Airport Metro

25 May 2026

Rail Vikas Nigam Ltd (RVNL) has received approval from Bidhannagar Police to begin construction work on a crucial 120-metre viaduct gap on VIP Road for Kolkata Metro’s Orange Line project connecting New Garia and the airport. The pending work near Kaikhali and Haj House had remained delayed for a long period because of traffic movement concerns and construction permissions. The latest approval comes shortly after progress at Chingrighata, where another important viaduct gap was bridged on the corridor. With multiple pending sections now moving ahead, authorities are looking to speed up construction on the remaining stretches of the Kolkata Airport Metro route.Read more

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Kolkata metro network set for capacity upgrades with fresh infrastructure push

12 May 2026

Kolkata’s metro network has received fresh government approval for infrastructure strengthening focused mainly on the North-South Metro corridor. The plan includes allocation of nearly INR 895.3 crore for system upgrades, with a major share directed towards improving power supply, traction substations, and signalling systems. These upgrades are expected to support higher train frequency and improve reliability for daily commuters. The initiative also aims to address operational stress caused by rising passenger demand and ageing infrastructure, while improving coordination across agencies handling metro execution and maintenance.Read more

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