KOLKATA: Leading city-based realtors like the Surekas, Mohtas of the Merlin Group and the South City consortium have put their real estate projects on either side of the Kona Expressway and National Highways 6 and 3 on fast track within days of Chief Minister Mamata Banerjees’ announcement to move her seat of governance from Kolkata to Howrah temporarily.
Most of the real estate players ET spoke to felt that relocation of the Writers’ Building to the 13-storey HRBC building in Howrahs’ Mandirtala, less than 100 metres from Vidyasagar Setu, from October 1 will increase traffic movement and floating catchment of the area significantly.
The shift will also give a fillip to roadside eating joints, fast food stalls as well as the transport business. Former Credai-Bengal president Pradeep Sureka agreed. The CMs’ announcement to move her seat of governance to Howrah will not only increase traffic movement, but also improve infrastructure and draw public attention to the area. We plan to initiate work on our residential project shortly, said Sureka, who is also managing director of Sureka group.
City realtor Merlin Group also hopes to obtain the State Governments’ approval for its proposed residential project soon.