8 Mar 2025Kolkata is witnessing several infrastructure developments poised to enhance connectivity and stimulate economic growth, potentially leading to an appreciation in real estate property values.
Notable projects include:
1. East-West Metro Corridor
This project aims to connect Salt Lake Sector V in the east to Howrah Maidan in the west, passing through key areas like Sealdah and Esplanade. The improved connectivity is expected to make neighborhoods along the route more attractive to homebuyers and investors.
2. Bengal Silicon Valley Tech Hub
Located in New Town’s Action Area II, the Bengal Silicon Valley Tech Hub is a significant initiative by the Government of West Bengal to foster the technology sector. Spanning 250 acres, this hub aims to attract investments in IT/ITeS, data centers, e-commerce, IoT, AI, and R&D. Major corporations such as TCS, Reliance Jio, Cognizant, and Capgemini have secured land within the hub, with the project expected to generate approximately 100,000 direct jobs upon its completion in 2025.The influx of tech companies is anticipated to drive demand for residential and commercial properties in the vicinity.
3. New Town Infrastructure Enhancements
New Town, a rapidly developing satellite city of Kolkata, is witnessing several infrastructure upgrades:
10-Lane High-Speed Corridor: A 10-lane major arterial road expansion is under construction to improve traffic flow and connectivity within New Town.
International Bus Terminus: An international intra-state, inter-state, and inter-city bus terminus-cum-commercial complex is being developed to bolster transportation facilities.
Underpasses: Multiple vehicular and pedestrian underpasses are proposed at strategic locations, such as near Tata Medical Centre and St. Xavier’s University, to enhance accessibility and reduce congestion.
These projects are expected to make New Town more accessible and attractive to residents and businesses alike, potentially leading to an appreciation in property values.
4. Calcutta Riverside Development
Calcutta Riverside is a satellite township spanning 262 acres along the Hooghly River in Greater Kolkata. This mixed-use development includes high-end residential communities, an IT park within a 25-acre Special Economic Zone (SEZ), a 200-room hotel, a retail mall, a multi-specialty hospital, a school, a 9-hole golf course, and a riverfront promenade. The comprehensive nature of this township is likely to enhance the appeal of the surrounding areas, influencing property prices positively.
5. New Garia-Airport Metro Link:
This upcoming metro link is set to connect New Garia in the south to Netaji Subhas Chandra Bose International Airport in the north, passing through EM Bypass and Rajarhat. The enhanced accessibility is likely to attract real estate investments in these corridors.
Collectively, these infrastructure projects signify Kolkata’s commitment to urban development and modernization. As these initiatives progress, they are likely to enhance the city’s real estate landscape, offering promising opportunities for property investors and homeowners.
Share:
