Bengal to unlock 2,500 acres of real estate in Kolkata and Howrah for redevelopment
The Bengal government has decided to amend the Thika Tenancy Act, which has the potential to unlock over 2,500 acres of solid real estate in Kolkata and Howrah for redevelopment. The quantum of land in the city translates to 8 sq km or 2,000 acres — equal to 26 Salt Lake stadiums — and will comprise prime real estate in Kolkata.
All the land in the city under the Thika Tenancy Act, which is a little less than the size of an assembly constituency, is distributed across KMC wards 1 to 100, or the old areas of the city (excluding erstwhile fringe areas like places along the E M Bypass, Garia, Tollygunge and Behala) and 517 acres in Howrah. The state cabinet on Thursday took the decision to do away with the G+2 (9.5 metres) bar on structures built on such lands, which will pave the way for the development.