Godrej Properties acquired a 53-acre land parcel in Joka, Kolkata. The project has revenue potential of Rs 500 crore.

• Sriram Mahadevan of Shapoorji Pallonji Real Estate said metro and road expansion could support integrated urban centres. He identified New Town, Rajarhat, southern growth corridors and westward growth across the Ganges, aided by metro access to Santragachi and an elevated corridor linking Vidyasagar Setu, Santragachi and Salap.
• Emami Realty’s Nitesh Kumar cited more than ₹1.40 lakh crore in ongoing infrastructure investment. Metro corridors including East-West, Joka–Esplanade and New Town could unlock Joka, Rajarhat and Kona Motorway, with residential demand rising 15–20% annually. He also cited dedicated freight corridors, the Dankuni Industrial Hub and Tejpur Deep Sea Port as drivers of warehousing and suburban commercial growth.
• PS Group’s Pradip Chopra said Kolkata property prices remain below Bangalore, Hyderabad and Chennai. One East Real Estate’s Abhijit Das identified Kalyani and Dankuni as potential corridors linked to the proposed deep-sea port and freight corridors, and called for a major technology or manufacturing investment.
• Leaders called for integrated planning, faster approvals, improved last-mile links and investment-friendly policies.

The Green Line’s under-river section has twin 520-metre tunnels, built 13 metres below the Hooghly river bed through stiff clayey silt using Earth Pressure Balancing Tunnel Boring Machines in 66 days.

Current operations include:

• Blue Line: 28 km from Kavi Subash to Noapara, plus the 4.14-km Dakshineswar extension.
• Yellow Line: 6.77-km airport link.
• Purple Line: 7.74 km from Joka to Majerhat.
• Orange Line: 9.8 km from New Garia to Belaghata.

Kolkata recorded 4,043 residential sales in Q1 2026, up 5% year on year; average prices rose 3% to about ₹5,937 per sq ft, while unsold inventory fell 7% to 19,062 units. There were 2,222 launches; peripheral submarkets led, mid-segment homes made up 52%, and capital values rose 6–7% year on year in active submarkets. Rentals grew mildly.

Demand is mainly end-user driven. Key residential areas include New Town, Rajarhat, EM Bypass, Joka, Behala, Garia, Tollygunge, Dum Dum, Barasat, Madhyamgram and Howrah-side locations; premium areas include Ballygunge, Alipore, Southern Avenue, Salt Lake and Park Street surroundings. Kolkata’s sanctioned new metro projects total 87.83 km. A ₹900 crore elevated link between New Town and Chingrighata is intended to ease traffic between EM Bypass and New Town.

Homes of 501–1,000 sq ft accounted for 58% of registrations in March 2026, up from 44% in March 2025. Affordability and rental demand near offices, transit, hospitals and colleges are strengths; slower appreciation, a smaller high-paying job market, delays, waterlogging, narrow roads, old drainage and ageing buildings are drawbacks.

A direct private AC bus service from Naihati to Joka began on Monday, August 17, 2026, with 10 buses. The route was inaugurated Sunday at Naihati bus terminus by transport minister Arjun Singh, with Naihati MLA Sumitra Chatterjee present. The 75-km route runs via Shyamnagar, Barrackpore, Sodepur, Dunlop, Dakshineswar, the airport, Chinar Park, Karunamoyee, Biswa Bangla Gate, Tata Medical Center, Chingrighata, Park Circus 7-Point, Minto Park, Alipore Zoo and Behala. Two more buses may join soon. The buses previously operated on an app-based service before seeking State Transport Authority permission for commercial operations. The feed description gives fares of ₹25–₹135 and departures every 30 minutes from 7:30am.