Maheshtala, Kolkata

West Bengal is set to join India's Water Metro programme, with Kolkata becoming the 18th city. The state also plans to invest approximately Rs 22,700 crore over five years in maritime and port-related projects, focusing on coastal shipping, fishing facilities, and community development in areas like Sagar and Sandeshkhali.

The railway ministry has initiated land acquisition for a 1.7 km extension of the Kolkata Metro's Purple Line, which will connect Joka to Diamond Park via IIM-Calcutta. A tender worth Rs 378 crore has been floated for this project, which is expected to be completed within 30 months of land acquisition.

Businesses in West Bengal are anticipating improved infrastructure development and increased investment from the new state government. Targeted incentives, power sector reforms, and a better ease of doing business are expected to attract investments, create jobs, and boost industrial expansion across the state.

NITI Aayog has released a roadmap for urban governance reforms aimed at addressing common issues faced by urban residents and homebuyers, such as delayed building approvals, irregular water supply, and project delays. The report, 'Moving Towards Effective City Government,' focuses on strengthening city governments to improve services, enhance accountability, and streamline processes.

Kolkata's real estate sector is witnessing a growing emphasis on green living practices, including sustainable housing projects and the restoration of natural ecosystems. Luxury buyers are prioritizing health-focused, well-ventilated homes with eco-friendly amenities.

The West Bengal Real Estate Regulatory Authority (RERA) now includes projects on plots as small as 3 cottahs under its regulation. This move aims to bring smaller developers and projects under regulatory oversight, protecting buyers from unethical practices like project delays or incomplete construction.1 Cottah is app 126 square meters in area.

The Kolkata Municipal Corporation (KMC) has initiated a demolition drive targeting dilapidated and unsafe buildings across the city to prevent potential collapses before the monsoon season and improve urban safety. The KMC is issuing 'express orders' for the demolition of structures deemed unsafe and irreparable, with over 150 buildings identified for urgent attention.

Construction work for the Chingrighata Metro project in Kolkata is stalled and unlikely to resume in March due to the need for traffic diversions and clearance from Kolkata Police. Metro officials are in talks with the police to find a suitable window for construction to recommence, which is crucial for alleviating traffic pressure on the EM Bypass.

Eden Realty Group has launched 'Eden Devprayag', a premium riverfront luxury living development in Kolkata. The group also announced a Rs 5,000 crore investment plan for multi-sector riverside developments, including residential, retail, and commercial projects across the city. Future plans include a G+18 mass housing project on Kona Expressway and a bungalow project in South Kolkata.