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Calcutta's Real-Estate Boom

Calcutta is being transformed by a burgeoning real-estate market and a construction explosion.

"'The economic landscape in Calcutta is fast changing with the IT sector booming and companies like IBM, TCS and Wipro setting up shop in Salt Lake,' explains Rahul Todi, managing director of Bengal Shrachi Housing Development Ltd. He says that software company executives bought nearly 65 per cent of the flats at two of his company’s projects in New Town, Rajarhat. Ratan Sarkar, a consultant to Vision Comptech, a software development company in Salt Lake, adds that IT professionals are buying flats in the city, as they want to return from Bangalore and Hyderabad and settle down here."

Thanks to Ambar Mukherjee

Full Story: High and rising

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