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24 Feb 2026
Balgopal Commercial Ltd has approved the purchase of a land parcel in Kolkata for INR 6.5 million, according to a recent regulatory update. The decision was cleared by the company's board and disclosed to stock exchanges in the past week. While specific details such as the size and exact location of the land were not disclosed, the acquisition signals the company's continued interest in expanding its asset base. The development comes at a time when real estate activity in Kolkata is witnessing steady traction across both residential and mixed-use segments.Read more
24 Feb 2026
Eden Realty Group has launched Eden Devprayag, its first premium riverfront project in Kolkata, as part of a larger INR 5,000 crore plan for riverside residential, retail, hospitality, and commercial developments. The township offers luxury residential towers, a Banaras-style Ganga ghat, a podium club, and terrace amenities with panoramic views. Designed with climate-responsive architecture, green spaces, and water features, it combines urban connectivity with riverfront serenity. Additional projects include a G+18 mass housing development on Kona Expressway and a South Kolkata bungalow project. The group focuses on sustainable, well-being-oriented urban living.Read more
20 Feb 2026
Eden Realty Group has announced a comprehensive INR 5,000-crore investment strategy for residential, commercial and hospitality projects in West Bengal to be executed by 2030, signalling a marked expansion of its portfolio along the Hooghly riverfront. Central to the plan is a premium riverside residential development in Shalimar, Howrah, comprising more than 1,000 homes in five towers with an estimated INR 2,000-crore outlay. For the first time, the group is entering the hospitality sector with five luxury hotels totalling approximately 600 rooms at key locations including Kolkata, Howrah, South 24 Parganas, Raichak and Budge Budge. The first 80-room property is planned on a 2.3-acre parcel leased from the Syama Prasad Mookerjee Port, while a larger 300-room hotel is anticipated on a 20-acre leased site at Garden Reach. Discussions are underway with Indian and international hotel operators to manage the new properties, though none have been finalised. INR-funded investment figures reflect the company's commitment to enhancing urban living and tourism infrastructure in the region while broadening its presence in both residential and hospitality segments.Read more
13 Feb 2026
Kolkata witnessed a sharp 239 per cent year-on-year rise in Global Capability Centre (GCC) leasing in 2025, according to property consultancy Cushman & Wakefield. GCC gross leasing in the city increased to 0.51 million square feet (MSF) in 2025 from 0.15 MSF in 2024. GCCs accounted for 30 per cent of Kolkata's total office leasing of 1.71 MSF during the year, up from 9 per cent in the previous year. While overall volumes remain modest compared to record pan-India GCC leasing of 29.3 MSF in 2025, the data signals strengthening market depth and rising talent-driven demand. IT-BPM firms led sectoral demand, and EMEA-headquartered companies emerged as the primary occupiers.Read more
12 Feb 2026
Vivriti Asset Management (VAM), a mid-market private credit-focused Alternative Investment Fund (AIF) manager, has outlined plans to achieve a 25&30% compounded annual growth rate over the next five years, citing strong demand for specialised debt solutions. The firm, which manages nearly INR 5,000 crore in assets, intends to double its fundraising from the Kolkata market by FY27 as part of a broader push in Eastern India. With the domestic debt AIF market estimated at INR 2&2.25 lakh crore and Kolkata's market valued at around INR 15,000 crore, VAM sees significant potential among high-net-worth individuals and family offices seeking yield with lower volatility than equities. The firm is also preparing to launch a INR 3,000 crore Diversified Bond Fund-Series III in 2026.Read more
11 Feb 2026
Kolkata Metro has launched a comprehensive INR 585 crore modernisation and sustainability upgrade for a cluster of underground stations on its Blue Line, officials said. The project will see improvements in passenger facilities and service quality while introducing environmentally friendly technologies, including energy-efficient systems, waste management solutions and enhanced ventilation. Work will be carried out at multiple stations along the corridor, with plans to maintain operational continuity during the upgrade. Authorities said the initiative aligns with broader efforts to improve commuter experience and support low-carbon transit goals in the city's mass rapid transit network. The upgrade is expected to benefit daily commuters and strengthen the resilience of key urban transport infrastructure as Kolkata Metro responds to evolving demand and sustainability priorities.Read more
09 Feb 2026
The MATECIA Exhibition, held alongside the Surfaces Reporter Architecture Event, wrapped up a successful three-day run in Kolkata, bringing together the architecture, interiors and building materials community from East and Northeast India. Hosted at Biswa Bangla Mela Prangan from 30 January to 1 February 2026, the event saw steady footfall from architects, interior designers, developers, manufacturers and dealers. Spread across 150,000 sq. ft., the exhibition featured over 100 brands and attracted 14,000-16,000 visitors from more than 100 cities and towns. Key highlights included the Surfaces Reporter Salutes awards, India Interior Retailing platform and interactive brand showcases, reflecting the region's growing design and construction momentum.Read more
08 Feb 2026
Garden Reach Shipbuilders & Engineers Ltd (GRSE) delivered a 140 foot double lane modular steel bridge for the Kolkata Metropolitan Development Authority (KMDA) in just seven days to reduce traffic congestion around Lake Town and VIP Road. This Class 70 bridge, with a 7.5 metre wide carriageway and 100 metric ton load capacity, is the first of its kind in Kolkata, surpassing previous Bailey bridges. GRSE's expertise in rapid fabrication and workflow management made this possible. The Defence PSU, with four shipyards, has built over 800 platforms including 115 warships for the Indian Navy and Coast Guard.Read more
03 Feb 2026
Kolkata Metro has stabilised Blue Line operations following a temporary approval from the Commission of Railway Safety (CRS) to allow trains to switch tracks at Kavi Subhash station. The southern terminal had been partially closed after cracks were detected in platform-supporting piers, forcing Shahid Khudiram station to act as the terminal despite lacking a crossover. Previously, trains could not depart Shahid Khudiram before the previous train completed its turnaround at Kavi Subhash, causing delays. With 172 daily trains now able to switch tracks efficiently, operational accuracy has reached around 98 per cent, improving commuter reliability.Read more
31 Jan 2026
The MATECIA Exhibition, in collaboration with SURFACES REPORTER, is set to host a major architecture, interiors and building materials event in Kolkata, bringing East and Northeast India into sharper national focus. Scheduled from 30 January to 1 February 2026 at Biswa Bangla Mela Prangan, the three-day platform will bring together architects, interior designers, developers, manufacturers and dealers from more than a dozen states across the region. Spread across 1.5 lakh sq ft, the event will feature over 100 brands, showcase more than 500 projects and attract up to 16,000 visitors. With dedicated honours, knowledge platforms and curated showcases, the initiative aims to challenge long-held perceptions about the region and underline its growing role in India's architecture, design and building materials landscape.Read more
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28 Jan 2026
Kolkata Metro Railway has introduced a QR code-based return ticket service across all its corridors, allowing passengers to book both onward and return journeys together. This move eliminates the need to stand in queues for return tickets, saving valuable time for daily commuters and occasional travellers. The facility requires passengers to complete the return journey on the same day indicated on the ticket and to keep the ticket safe for scanning. The service revives a same-day return ticket option that was unavailable since the magnetic ticket system was phased out.Read more
26 Jan 2026
KPMG Global Services Delivery Platform has opened a new office in Kolkata for its Tax Business Unit, strengthening the city's position in global tax services delivery. The Kolkata team, which started with around 50 professionals, has grown to over 200 and now handles complex tax and compliance work for global clients. KPMG said the expansion reflects its long-term commitment to India as a core delivery base, with Kolkata benefiting from a strong talent pool, academic support, and rising demand for technology-enabled tax services.Read more
20 Jan 2026
West Bengal Housing Infrastructure Development Corporation Ltd (HIDCO) has announced an e-auction of prime commercial land parcels in the Central Business District (CBD) of New Town, Kolkata, inviting bids from eligible corporate bodies. Two freehold commercial plots, one measuring about 10 acres and another approximately 3.9 acres, are being offered with starting bid prices of INR 353.3 crore and INR 138.9 crore respectively. Bidders must begin construction within a year of taking possession, and any change in planned land use is not permitted, underscoring the state's intent to fast-track structured commercial development in the rapidly expanding township. The move reflects ongoing efforts to unlock land assets and stimulate investment in Kolkata's growing urban real estate market, building on broader initiatives to develop New Town into a major commercial and economic hub.Read more
14 Jan 2026
Kolkata's real estate developers are urging the government to leverage the upcoming Union Budget to recalibrate housing policies amid rising construction and land costs. Key proposals include revising the affordable housing definition, adjusting GST on under-construction properties, enhancing tax benefits for homebuyers, and streamlining approvals. Industry leaders highlighted the importance of supporting mid-income housing, integrated townships, and rental projects. They believe that consistent policy support and urban infrastructure investment could revive demand, accelerate project execution, and attract long-term capital, fostering sustainable growth in eastern India's property market.Read more
13 Jan 2026
Kolkata-based Texmaco Rail & Engineering has completed the hydro-mechanical systems for the 2,000 MW Subansiri Lower Hydroelectric Project at the Arunachal Pradesh Assam border. Acting as the sole contractor, the company managed design, manufacture, supply, erection, testing, and commissioning of the systems needed for eight units of 250 MW each. Unit 1 started wet commissioning in late October, while Unit 2 entered commercial operation in December 2025. The remaining units are planned for phased commissioning through the 2026-27 fiscal year, contributing significantly to India's renewable energy supply.Read more
08 Jan 2026
Kolkata's office real estate market delivered its best performance in more than ten years during 2025, driven by a sharp rise in leasing activity and rental growth. Annual office leasing volumes rose 69 per cent year-on-year to 2.3 million square feet, marking the first time the city crossed the 2 million sq ft milestone. Office transactions in the second half of the year also recorded robust growth, while rents increased at the fastest pace among major Indian office markets. Residential demand remained steady, supported by improving developer confidence, rising new launches and declining unsold inventory, reinforcing Kolkata's position as an affordable and stable real estate market.Read more
07 Jan 2026
The Kolkata Municipal Corporation (KMC) has launched an urgent demolition drive targeting structurally unsafe and hazardous buildings across the city to protect public safety and prevent potential collapses. The action follows engineering assessments and multiple notices issued to property owners whose structures were found to be at risk due to poor maintenance, structural defects or unauthorised alterations. Under the drive, identified buildings are being cordoned off and demolition work initiated where necessary, with rescue and traffic management measures in place to ensure safety. KMC officials have called on landlords and residents to cooperate and complete demolition or repairs within specified timelines, emphasising that timely intervention is critical to safeguard lives and urban resilience.Read more
03 Jan 2026
The Calcutta High Court has permitted the Kolkata Municipal Corporation to undertake repair and maintenance work on buildings deemed unsafe, even as civil litigation remains pending between the property owners and the civic body. The order enables the corporation to carry out structural rectification to ensure safety and prevent potential hazards, particularly in densely populated neighbourhoods. The ruling underscores the court's emphasis on protecting life and property, balancing legal rights with urgent civic responsibilities. While the civil dispute continues to be adjudicated separately, the civic agency has been authorised to proceed with remedial works to avert risks associated with deteriorating structures.Read more
29 Dec 2025
Kolkata Metro's Blue Line faced a disruption earlier this week when a train had to apply its emergency brake near Mahanayak Uttam Kumar station, halting operations between Dakshineswar and Maidan for about one and a half hours. Passengers from the affected train were safely evacuated at Tollygunje, and services fully resumed later. Metro officials said the cause of the emergency braking is under investigation. The incident adds to recent operational snags on the line, highlighting challenges in maintaining uninterrupted commuter services.Read more
29 Dec 2025
The National Company Law Tribunal has approved a resolution plan submitted by Ambuja Housing and Urban Infrastructure Company Ltd to take over and complete the long-stalled Usshar residential project at Batanagar near Kolkata. The approval enables a parcel-wise resolution of the debt-laden Riverbank Developers Private Ltd, the original promoter of the larger Calcutta Riverside township. Under the plan, the Ambuja Neotia Group subsidiary will acquire the 9.4-acre Usshar parcel for an upfront payment of INR 34 crore and complete the remaining construction. The move is expected to bring relief to homebuyers who have faced prolonged uncertainty and allow the project to progress independently of broader liabilities.Read more
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