Kolkata at last has come of age. It can now rightly claim prized place beside the veterans Mumbai and New Delhi, and the upstarts Bangalore and Pune – because Kolkata’s property prices are rising. I’ve with me a graphics sourced from May 25 edition of TT that shows in graphic details what the current property […]
JBIC, Kolkata & Future
The 3 words may soon prove synonymous going by indications. When the Raichak to Kukrahati bridge was walloped by the Indonesia’s Salim Group as part of gigantic infrastructure project it plans to build, the Japanese were unhappy. For good reasons. JBIC, Japan Bank for International Cooperation, the entity that apparently prepared the feasibility and funding […]
South City Mall
The Destination Mall – biggest in India thus far! [Image source]Come July, and Kolkata will be witness to opening of one of the largest integrated malls in the country. It’s the South City Mall, being billed as the city’s first ‘destination mall’. And why not! South City Mall will be home to 4 anchors, each […]
Lapping up spaces
Prime plots in the city are increasingly attracting big money, and the interested parties include investors of every hue. Thus while the 7-acre plot off EM Bypass between ITC Sonar Bangla and Silver Springs will see another hotel coming up soon, the Park Circus market is Reliance’s for effecting a total makeover. Analysts in other […]
After Salim, REIT of UK
REIT Asset Management, a London-based company, will be building 2 housing projects in and around Kolkata. After Salim-Ciputra initiative at Kolkata West International City (see my post, Kolkata West is but Howrah), this is going to be the first foreign direct investment in the real estate sector in the state. David Cohen, the chairman of […]
The way they work
The bridge, the river below, uncared for! [Image source] Here is a sharp contrast between how the government works and how a private company goes about its work. Scenario 1 Close to a decade, after powers-that-be were made to discover the priceless virtue of having a river flowing by the city, talks have been going […]
Mittal’s Kolkata Address
While Lakshmi Nivas Mittal ascends the throne as the richest Briton, the house that his paternal family including him as a kid lived in as a tenant has been razed to the ground. The house as such was a large one (as this TT report with pics shows) that occupied as much as 52 cottahs […]
The curse of L1
If any alphanumeric combination can ever be blamed for pathetic civic conditions, it must be L1. It stands as the short form of ‘lowest bidder’. Why does it cast so dark a spell? Here is an account. For all government tenders (and indeed those from PSUs), the magic to get selected for coveted works is […]
The north goes yuppie
There is an unseen tussle between the south and the north of the city. North feels south is unduly pampered. And there are a reason or 2 behind that. The metro started in the south before rolling out in the north. Malls, flyovers, stadium, even East Bengal are all in south, not to speak of […]
Making over
Writers Buildings – the glorious past [Picture source] Kolkata may as well be a city of heritage. This is the hope expressed by the city mayor in a workshop yesterday in which a British delegation took part. Not that the city lacks heritage structures. Thanks to the Raj era, Kolkata can truly boast of magnificent […]
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