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

Kolkata News Desk

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

Kolkata News Desk

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

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

Kolkata News Desk

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

Kolkata News Desk

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

Kolkata News Desk

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

Kolkata News Desk

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

Kolkata News Desk

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

27 Dec 2025

The West Bengal Real Estate Appellate Tribunal has ruled that homebuyers cannot demand GST refunds from developers when a flat purchase is cancelled and must instead approach the GST department. The decision came while modifying a WBRERA order in a dispute involving a cancelled booking at a Kolkata housing project. The tribunal allowed the promoter to deduct GST already paid to the government and set aside a penalty imposed earlier. The ruling clearly separates regulatory refunds from tax refunds and reinforces that GST recovery is governed by central tax law.Read more

11 Dec 2025

A century-old three storey building in Kolkata’s Bowbazar partially collapsed earlier this week, injuring one person. Kolkata Metro Railway inspected the site and clarified that it is not responsible for fresh damage, noting that tunnelling work was already completed and no active construction is underway. Temporary supports were installed, and Kolkata Municipal Corporation has been asked to assess the building. Residents had reported train vibrations days before the collapse. Bowbazar has experienced recurring structural issues since 2019, highlighting the need for proper maintenance and monitoring of ageing urban buildings.Read more

08 Dec 2025

NKDA has issued notices to 37 residential buildings in New Town for operating hotels, guest houses and banquet facilities without the required permissions. These properties, spread across Action Area I and II, were found violating rules that allow commercial use of residential units only after obtaining prior approval and meeting safety norms. The authority highlighted concerns related to fire hazards, unapproved building changes and non-compliance with statutory requirements. Earlier this year, NKDA had also taken action against several other unauthorised commercial establishments. A provisional NOC system has now been introduced to regulate limited commercial use.Read more

08 Dec 2025

Smartworks Coworking Spaces Ltd has leased 168,000 sq. ft. of office space in Kolkata to a prominent IT company, signaling strong demand for flexible office solutions. The deal underscores the growing preference among technology firms for ready-to-use, scalable workspaces. Over the past few years, Smartworks has expanded across India, focusing on tier-1 and tier-2 cities, and attracting large corporate clients. Industry experts view this lease as a reflection of the resilience of Kolkata's office market and the ongoing adoption of hybrid work models.Read more

30 Nov 2025

Kolkata's premium residential market witnessed a sharp rise in supply and absorption earlier this year, according to Nklusive's H1 2025 Premium Real Estate Market Report. The consultancy observed that premium homes priced between INR 1.5 crore and INR 5 crore recorded heightened demand, with active projects increasing from 24 to 34 over the past year. Marketable supply nearly doubled, and South Kolkata led overall inventory distribution. Larger units, particularly 3 BHK and 4 BHK formats, saw notable sales growth, reflecting a shift towards spacious, amenity-rich living among high-end homebuyers.Read more