Ambuja Neotia purchases a 10-acre Nonadanga plot for INR 2600 million

03 Jan 2023 CW Team

In an online auction Kolkata based Ambuja Neotia firm placed the top bid for a 10-acre plot in Nonadanga's Chowbhaga neighbourhood next to the EM Bypass. The consortium submitted a bid for the land to be sold off on a freehold basis for residential and/or commercial usage of about INR 2600 million. The 10-acre parcel's opening bid price was set at INR 1772 million. The Housing Infrastructure Development Corporation ran the online auction (HIDCO). There were two bidders for the Plot No. 651(Part), Mouza Nonadanga, J L No. 10, Premises/Holding No. 826 at Chowbhaga under KMC Ward 108, according to sources in the real estate industry.

President of CREDAI West Bengal Sushil Mohta remarked it was indeed a commendable step by the state government and the outcome was far better than what we had expected. Ambuja Group declined to comment on the development because the state government has not yet made an official announcement. Since 2006, the Kolkata has observed land lots fetching high prices. When KMDA sold a 6.2-acre parcel near the EM Bypass to a real estate company for INR 2090 crore for a hotel project, all prior land sales records were broken.

According to government experts, the city's real estate sector is experiencing tremendous development after a hiatus of several years. The state's government is attempting to make money by selling freehold parcels of land.

Infrastructure Transport

30 Oct 2025

RVNL wins North Eastern Railway bridge project worth Rs 1.66 billion

Rail Vikas Nigam Limited (RVNL) announced on 27 October that it has emerged as the lowest bidder (L1) for a significant infrastructure project awarded by the North Eastern Railway, as part of its routine business operations. The project involves the construction of the substructure for Important Bridge No. 50, which will comprise 14 spans of 61 metres each. It will feature a Double D-type well foundation designed for a double line and adhere to the RDSO 25T axle loading standard. The bridge will be built over the river Gandak, situated between Paniyahwa and Valmikinagar stations, as part of ..

Northern Railways plans direct Kashmir link with India

Following the successful launch of twin Vande Bharat trains on the Srinagar–Katra route, marking the completion of the Udhampur–Srinagar–Baramulla rail link in June, Northern Railways is now working towards providing direct rail connectivity between Kashmir and the rest of the country, an official has confirmed. Senior Divisional Commercial Manager of the Jammu Division, Uchit Singhal, said that efforts are underway to resolve operational and security challenges to achieve this milestone for Jammu and Kashmir. Speaking to PTI after introducing a two-minute stoppage for the semi-high-sp..

Railway Board approves new station at Nedumbassery airport

The Railway Board has approved the construction of a new railway station at Nedumbassery, fulfilling a long-standing demand from air passengers using the Cochin International Airport. Union Minister George Kurian’s office announced on Wednesday that the decision marks a major step towards enhancing rail connectivity to the airport, which serves as one of southern India’s key transport hubs. According to the statement, Kurian had earlier met Railway Minister Ashwini Vaishnaw, who assured him that the project would be expedited. The plan gathered momentum following Vaishnaw’s visit last ..