Kolkata

India’s residential property market, which has enjoyed a strong run in recent years, is showing early signs of cooling. A recent analysis by PropEquity suggests that housing sales across the nine largest cities are likely to decline in the upcoming quarter, following an extended period of high demand and record pricing. Factors such as rising interest rates, affordability concerns, and cautious consumer sentiment are expected to weigh on transaction volumes.

Kolkata’s residential property market witnessed a 15% year-on-year increase in home sales during August, highlighting strong buyer sentiment despite broader economic uncertainties. The surge has been attributed to a combination of stable pricing, improved financing options, and renewed confidence in long-term investments. Affordable and mid-segment housing led the demand, while premium projects also gained traction, reflecting a diversified buyer base. Developers are responding with new launches and attractive financing schemes to capture the momentum.

Kolkata has inaugurated a cutting-edge Electric Vehicle (EV) testing facility, marking a significant milestone in India’s drive toward sustainable mobility. The facility is designed to evaluate EV performance, safety, and efficiency across various vehicle types, supporting manufacturers, startups, and research institutions. By providing advanced testing and certification capabilities, it aims to accelerate product development, ensure regulatory compliance, and enhance consumer confidence.

Standard Chartered has unveiled its largest branch in Kolkata, reinforcing its commitment to expanding retail and corporate banking operations in eastern India. The new facility is designed to offer a comprehensive suite of banking services, including wealth management, corporate solutions, and digital banking innovations, catering to both individual and institutional clients. Analysts suggest that this strategic expansion positions the bank to tap into a growing regional economy, enhance customer engagement, and drive revenue growth.

The ongoing expansion of the Kolkata Metro network is transforming the city’s real estate landscape, driving demand for residential and commercial properties along new transit corridors. Improved connectivity, reduced travel times, and enhanced accessibility have made peripheral areas increasingly attractive to developers and homebuyers. Analysts note that metro-linked neighborhoods are witnessing a surge in property values, rental yields, and commercial activity. The expansion aligns with broader urban development plans, fostering sustainable mobility while stimulating economic growth.

Global football icon Lionel Messi’s long-anticipated India tour has received official confirmation, with Kolkata set to host the first stop. The tour, expected to feature exhibition matches, fan interactions, and promotional events, marks a significant milestone for Indian football and sports tourism. Experts predict substantial economic impact through ticket sales, merchandising, and increased tourism, while also enhancing India’s visibility in the global sports landscape.

A domestic flight turned chaotic when a passenger was allegedly slapped by a fellow traveler, leading to his mysterious disappearance upon arrival. The man, reportedly traumatized by the assault, failed to reunite with family at the airport and was later discovered at a nearby railway station in a distressed state. The incident has not only raised questions about passenger safety and airline response mechanisms but also sparked broader concerns over the psychological impact of in-flight altercations.

The Indian Institute of Management Calcutta (IIM Calcutta), one of India's premier business schools, has appointed Dr. Alok Kumar Rai as its new Director. A seasoned academician and former Vice-Chancellor of the University of Lucknow, Dr. Rai brings with him a blend of administrative acumen, scholarly excellence, and transformative leadership. His appointment marks a pivotal moment for IIM Calcutta as it continues to evolve into a globally recognized management institution. With a focus on academic innovation, industry collaboration, and global integration, Dr.

Kolkata Port, officially known as Syama Prasad Mookerjee Port, has reported a substantial 21% increase in cargo throughput for the first quarter of FY26, handling approximately 18.55 million tonnes. This growth underscores the port’s critical role in facilitating trade across eastern and northeastern India, supported by improved operational efficiencies and a resurgence in demand for bulk commodities.

Kolkata-based Glen Industries has announced its maiden IPO, seeking to raise Rs. 63.02 crore via the SME platform of BSE, with a price band of Rs. 92–97 per share. The entirely fresh capital issue, open from July 8 to 10, aims to fund the establishment of a new manufacturing unit in Purba Bardhaman, West Bengal, along with general corporate purposes. Specializing in eco-friendly food containers and biodegradable straws, Glen serves the HoReCa sector and exports to markets including Europe, the USA, Australia, the Middle East, and Africa.