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Page 25 - Kolkata

Kolkata's real estate market shows robust growth in 2023: Knight Frank

Kolkata's real estate market witnessed unprecedented growth in both the residential and office segments last year, a real estate report said on Wednesday. The city experienced a stellar year in office leasing transactions, with a staggering 1.4 million sq ft of office spaces transacted in 2023, marking a healthy 20 per cent growth year-on-year (YoY), Knight Frank India's Residential and Office Market Report (H2 2023) stated. This is also a 9-year high in office leasing transactions. The report also notes phenomenal growth recorded in new office completions, reaching a remarkable 0.8 million sq ft in 2023, a staggering 332 per cent jump YoY, making it the highest volume recorded in the past five years. The surge was fueled by robust occupier interest across various sectors, indicating a positive economic outlook, "The commercial market in Kolkata is now witnessing a consistent rise in transactions exceeding half a million with significant engagement from India-facing business as ...

Updated On : 03 Jan 2024 | 4:36 PM IST

Kolkata's air worsens on New Year's Day due to bursting of firecrackers

The air quality in Kolkata worsened on New Year's Day, mainly due to the bursting of firecrackers at midnight, an official of the West Bengal Pollution Control Board (WBPCB) said. Immediately after the midnight celebrations, the air quality index (PM 2.5) turned 250 in some southern and northern parts of the city, with smog reminiscent of Kali Puja night. However, it dipped slightly on Monday morning but some places such as Ballygunge and Jadavpur still experienced poor quality air of AQI 281 till 1 pm, the official said. Air monitoring stations at Victoria Memorial recorded marginally better AQI at 199, followed by 161 at Rabindra Sarobar and 152 at Bidhannagar, he said. While an AQI of 200 and above is classified as 'poor', the readings between 100 and 199 are categorised as 'moderate', both causing breathing discomfort to people with lung and heart diseases. Bursting of firecrackers coupled with particulate matters hanging in the air in winter, plus more number of cars hitting

Updated On : 01 Jan 2024 | 4:32 PM IST

Kolkata restaurants see surge in footfall during Christmas-New Year week

City-based restaurants are experiencing a surge in customer footfall during the Christmas-New Year week from December 24-27, according to an official of the Hostel and Restaurant Association of Eastern India (HRAEI). HRAEI president Sudesh Poddar said crowd turnout is expected to improve further leading up to the New Year. The association reported a 15% increase in food consumption, with customers patiently waiting for three to four hours to savour their favourite dishes. Poddar mentioned that his own fine dining restaurants, Manthan and Manthan Songhai, continue to have full house with customers waiting patiently for hours. Bar-cum-restaurant owners have requested the government to extend the closing time till 2 am until January 1 and urged patrons not to drive their vehicles to comply with the administration's road safety request. Nitin Kothari, owner of Peter Cat, Mocambo, and Peter Hu?, said after Durga puja, there was brief slump, but customer response has been exceptionally

Updated On : 28 Dec 2023 | 10:46 AM IST

Intermittent rain hampers normal life in Kolkata, south Bengal districts

Intermittent rain and chilly wind greeted the denizens of Kolkata and adjoining districts in south Bengal on Thursday morning hampering normal life. The Met department has forecast a generally cloudy sky with light to moderate rain over east India till Friday morning as cyclonic storm Michaung weakened into a less marked low-pressure area over Chhattisgarh. Kolkata and other south Bengal districts received intermittent rain on Thursday morning accompanied by chilly wind, giving the denizens the first feel of winter this season. People faced difficulties going to work with traffic snarls occurring at some places in the city and adjoining Salt Lake area. Owing to cloudy conditions, the minimum temperature in the city was above normal by three notches at 19.9 degrees Celsius on Thursday, the Met said. The maximum temperature is, however, likely to remain well below normal owing to the weather conditions, it said.

Updated On : 07 Dec 2023 | 10:59 AM IST

Kolkata emerges as safest city in India for third consecutive year: NCRB

Kolkata emerged as the safest city in India for the third consecutive year, recording the least number of cognisable offences per lakh population among metropolises, a report published by the National Crime Records Bureau (NCRB) said. The eastern metropolis, which reported 86.5 cases of cognisable offences per lakh people in 2022, was followed by Pune (280.7) and Hyderabad (299.2), the NCRB data stated. Cognisable crimes are those for which cases are registered under sections of the Indian Penal Code (IPC) and SLL (Special and Local Laws). According to the NCRB report, Kolkata had registered 103.4 cases of cognisable crimes per lakh people in 2021, which dropped to 86.5 this year. In 2020, the count was 129.5. In 2021, Pune and Hyderabad had reported 256.8 and 259.9 cognisable offences per lakh population, respectively. The rankings were issued after comparison among 19 cities with over 20 lakh population. Kolkata, however, recorded an increase in crimes against women as the numb

Updated On : 05 Dec 2023 | 2:54 PM IST

Indian Oil opens its first EV battery swapping station in Kolkata

Indian Oil Corporation (IOC) on Monday opened its first battery-swapping station in Kolkata for electric vehicles (EV). The oil marketing PSU opened the facility at its retail outlet in New Town on the eastern outskirts of the city in collaboration with Sun Mobility, the company said in a statement, adding that this marks a significant step forward in promoting sustainable and accessible electric mobility solutions across the city. Battery-swapping technology for two and three-wheeler EVs has proven to be a game-changer across India. IOC director (marketing) V Satish Kumar said, "The battery-swapping technology presents a significant opportunity for promoting sustainable electric mobility solutions. This facility is expected to play a pivotal role in the adoption of EVs and spearhead energy transition in eastern India." In the coming months, IOC, in association with Sun Mobility, will install more battery-swapping facilities at its retail outlets, allowing drivers to access its ...

Updated On : 04 Dec 2023 | 9:20 PM IST

PKL 2023: Bengal Warriors players full list, price and live stream details

Bengal Warriors, champions of the 2019 season, acquired the services of their skipper Maninder Singh for a whopping Rs 2.12 crore

Updated On : 02 Dec 2023 | 2:10 PM IST

Uber to start bus service in Kolkata for office-goers by March 2024

Ride-hailing app Uber on Wednesday announced that it will soon start a bus service in Kolkata for office-goers. By March next year, Uber Shuttle will have 60 air-conditioned buses on predefined routes, connecting business districts with residential areas of the city, it said in a statement. Uber will invest USD 10 million in the state by 2025, and create about 50,000 livelihood opportunities over the next five years, it added. For the bus service, Uber signed an agreement with the state Transport Department at the Bengal Global Business Summit. Like cabs, passengers can pre-book seats up to a week in advance for Uber Shuttle, track live location and route, and receive real-time estimated time of arrival (ETA) through the Uber app. Uber Shuttle will offer commuters a seamless and convenient travel experience, the statement said. The service will also provide cashless payment options, round-the-clock safety support and a comfortable ride with air-conditioned buses running from 6 am

Updated On : 22 Nov 2023 | 10:59 PM IST

Merlin Group signs MoU with World Trade Centers at Bengal business summit

The Kolkata-based Merlin Group announced on Wednesday that the company has signed an MoU with several World Trade Centers in the country to explore opportunities for enhancing trade and investment. The pact was inked during the Bengal Global Business Summit here. "We signed MoUs with WTC Bangalore, WTC Mumbai, and WTC Noida at the investment summit for mutual support in various activities, promoting businesses and members in each other's states," Sushil Mohta, chairman of WTC NDITA said. The Rs 1500 WTC which is likely to create 30,000 job opportunities is coming up at Salt Lake's Sector 5 area, the municipal services of which are looked after by Nabadiganta Industrial Township Authority (NDITA). This WTC "will also focus on strengthening global trade, with a particular emphasis on promoting exports from West Bengal, Maharashtra, Karnataka, Delhi, Tamil Nadu, and Kerala", Mohta said. The partnership with other WTCs aims at exploring opportunities for enhancing trade and investment

Updated On : 22 Nov 2023 | 10:58 PM IST

KPMG expands operations, opens new global delivery centre in Kolkata

KPMG LLP, a multinational audit, tax and advisory firm, has further expanded its presence in India with the opening of a new global delivery centre office in Kolkata. The new office, equipped with state-of-the-art facilities and collaboration spaces, will accommodate a growing team of professionals, a statement said. KPMG currently has over 250 professionals in Kolkata and has ambitious plans to double its workforce by FY'25, it added. This expansion reflects the firm's recognition of Kolkata's vibrant talent pool and its strategic importance to KPMG's growth strategy, the firm said. "The professionals in Kolkata are joining a team of individuals developing critical skills that support the audit today and the more data-driven audit we are driving towards," said KPMG U.S. national managing partner (audit operations) Tim Walsh. Global delivery centres play a crucial role in KPMG's global audit strategy, providing audit and assurance support, audit technology, and risk management ...

Updated On : 22 Nov 2023 | 2:51 PM IST

Over 25 nations' leaders to join Bengal Global Business Summit from Tue

Business leaders from more than 25 countries, a host of prominent figures of corporate India as well as political dignitaries are expected to take part in the seventh edition of the Bengal Global Business Summit (BGBS) that will begin on Tuesday, officials said. The participating countries include the US, UK, Japan, Poland, France, Australia, Germany, Malaysia, Bangladesh and Fiji, they said. Corporate honchos from India's Reliance Industries, ITC, Ambuja Neotia and the Hiranandani Group are also likely to attend the state's marquee business summit. The focus sectors at the two-day BGBS 2023 are MSME, textiles, engineering, energy, transport & urban infrastructure, real estate, agri, tourism and international trade & logistics, officials said. Over 250 international delegates are expected to participate, including senior representatives from the World Bank and the Asian Development Bank, they said. "Reliance Industries Chairman & MD Mukesh Ambani is expected to attend this

Updated On : 20 Nov 2023 | 4:36 PM IST

World Cup 2023: When Eden Gardens crowd lent voice to South African charge

South Africa's power-packed batting unit suffered a light-out against Australia, but they found enough support from the packed Eden Gardens crowd during the second semifinal of the World Cup here Thursday. So, why did the Kolkatans cheer for the Proteas? It was quite simple as they preferred an India vs South Africa title clash on Sunday at Ahmedabad. Everyone knows what Aussies are capable of in a World Cup final. We dread to see an India-Australia final, so want them to lose today, said Rashmi Bhattacharya, a software professional who had come with his 14-year-old son, sporting a Quinton De Kock jersey. She represented the thousands of Indian spectators at the Eden, who cheered 'South Africaa, South Africaa", hoping that the five-time champions go out of India's way. It was safe to assume that green outnumbered yellow among the fans, whose number touched 47,825 on this day. As South Africa endured a top-order meltdown to be 24 for four, the stunned crowd fell into silence before