New Town’s Next Chapter: 20 Acres Up for Grabs in Kolkata’s Fastest-Growing Hub

Kolkata’s New Town is set for a fresh wave of urban expansion as the West Bengal government unlocks 20 acres of prime land across Action Areas II and III for residential, commercial, and mixed-use development. The land parcels—equivalent to 20 football fields—will be auctioned on a freehold basis by HIDCO in August 2025, signaling a major push to accelerate growth in the city’s eastern corridor.

 

Key Highlights:

 

- Land Breakdown & Pricing
 

- Five plots identified: two in Action Area II (4.1 acres each) and three in Action Area III (7.3, 3.2, and 0.6 acres).
 

- Starting bid for the largest plot (7.3 acres): ₹292.2 crore; smallest (0.6 acre): ₹26 crore.

 

- Strategic Urban Planning
 

- New Town spans 7,598 acres, with a planned population of 10 lakh
.

- While Action Area I is largely developed, the focus now shifts to unlocking the potential of Action Area III, where IT giants are setting up shop.

 

- Market Momentum
 

- Average land cost in the area: ₹30–40 crore per acre, depending on arterial proximity.
 

- Over 12,000 dwelling units already built; another 16,000 in the pipeline.

 

- Civic Voices & Vision
 

- Local forums welcome the move but urge improvements in infrastructure and connectivity, including a proposed monorail link to Biswa Bangla Sarani.

 

With demand rising and infrastructure catching up, New Town’s latest land unlock could reshape Kolkata’s skyline—and investment map.

 

Source: Times of India, WBHIDCO, New Town Forum