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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
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
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
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
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
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
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
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
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
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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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
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
05 May 2026
The Kolkata Municipal Corporation (KMC) has begun issuing property tax bills for the 2026–27 financial year, incorporating early payment incentives to encourage timely compliance. Announced in the past week, the civic body has retained rebate provisions for advance payments while continuing with its unit area assessment system. The move aims to strengthen revenue collection and improve fiscal stability for urban services. Officials have also urged property owners to verify assessment details and clear dues within the stipulated timelines to avail benefits and avoid penalties, amid ongoing efforts to streamline municipal tax administration.Read more
11 Apr 2026
The Bidhannagar Municipal Corporation has announced the rollout of its online property tax collection system starting April 13, aimed at making tax payments more accessible and reducing reliance on physical counters. The system will allow residents across different wards to pay property tax digitally through the official municipal platform using their assessment details. Offline payment facilities will be introduced in a phased manner in select wards shortly after the online launch. Demand notices for the current financial year are expected to be made available around the same period to support smooth tax processing.Read more
10 Apr 2026
The Enforcement Directorate conducted searches at seven locations linked to Kolkata-based Merlin Group as part of a money laundering probe. The investigation relates to alleged land grabbing using forged ownership documents and raising funds by projecting false ownership claims. Authorities suspect that investors were misled into funding real estate projects built on disputed land. The case is also linked to earlier legal disputes, including a stalled INR 600 crore project and a demolition order in another development. The probe is ongoing, with officials examining financial records and land documents.Read more
10 Apr 2026
SpiceJet has issued a travel advisory warning of potential flight disruptions at Netaji Subhas Chandra Bose International Airport, Kolkata, due to adverse weather conditions affecting operations. The advisory, released in the past week, highlighted the likelihood of delays and schedule changes for both arrivals and departures. Thunderstorms, rainfall and reduced visibility have impacted aircraft movement and air traffic management at the airport. Passengers have been advised to monitor flight status regularly and allow additional time for travel. The development reflects recurring weather-related operational challenges at key aviation hubs, particularly during periods of unstable atmospheric conditions.Read more
09 Apr 2026
Nexus Select Trust has acquired Diamond Plaza in Kolkata for INR 347.5 crore as part of its strategy to expand its retail real estate portfolio. The transaction, approved by the board of its manager entity, involves the purchase of the asset from Super Diamond Enterprises after a restructuring exercise. The mall has a gross leasable area of around 2,44,000 sq ft. The deal is expected to close in the coming months, adding to the REIT's existing presence across key urban markets in India.Read more
08 Apr 2026
Minor Hotels has signed a management contract to operate a luxury Anantara-branded hotel at the upcoming World Trade Centre (WTC) in Salt Lake, Kolkata, marking its first urban Anantara property in India. The hotel, part of a joint venture between Aryan Realty and the Merlin Group, is scheduled to open in 2032 with an estimated development cost of INR 200 crore for the hotel component. The property will feature around 170 rooms and suites, two restaurants, a rooftop specialty restaurant, a ballroom, spa, gym and swimming pool. The WTC project, Eastern India's first, spans 11 acres of mixed-use development including Grade A office and retail space, with a total estimated project cost of INR 2,400 crore. Minor Hotels plans to expand its presence in India to 50 properties over the next decade.Read more
02 Apr 2026
The New Town Kolkata Development Authority has taken stricter action against unauthorised commercial activities operating from residential buildings in New Town. Multiple property owners have received stop-operation notices for running guest houses, hotels, and similar establishments without approvals. The authority has warned of further action, including closure, if violations continue. This move follows earlier efforts to regulate misuse of residential spaces, address safety concerns, and ensure adherence to planned development norms, as such violations have been increasing steadily across the township.Read more
31 Mar 2026
DLF Limited has completed the sale of its IT/ITeS special economic zone (SEZ) project and an adjoining 17.75-acre land parcel in Kolkata to entities of the Srijan Group for a total consideration of INR 710.23 crore. The transaction includes the transfer of DLF TechPark II and vacant land through separate group entities of the buyer. The deal, announced earlier, aligns with DLF's strategy to monetise commercial assets and recycle capital. The divestment reflects continued consolidation in commercial real estate portfolios and the role of regional developers in acquiring income-generating assets and land parcels for future development.Read more
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