City Beat: Trump Towers To Come Up In Kolkata [Video]

City Beat: Trump Towers To Come Up In Kolkata [Video]

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In what is being seen as a positive trend for the real estate market in Kolkata , a recently released report by PropTiger DataLabs for the month of October has indicated a 27 per cent increase in sales as compared to the previous month and an 85 per cent increase when compared to the same month last year. The report reveals that the affordable segment has been driving this spurt in the market.

The leading localities that contributed to nearly 60 per cent of the total month-on-month sales include Uttarpara, Kotrung, New Town and Bow Bazar.

New Town, already part of the Centre's Smart Cities Mission, will be developed in to a green city with the help of experts from South Korea. This came after The Housing Infrastructure Development Corporation or HIDCO inked a memorandum of understanding (MoU) with South Korea's Handong Global University. Under the MoU, the two will have knowledge-based exchange of ideas while the Korean delegation would provide technological assistance to HIDCO. This assistance would help develop similar green cities across the state.

Moreover, to keep the Smart City flag flying high, New Town will also have a mobile application. This soon-to-be-launched app will help residents and tourists with the information about the city including places to visit, maps, services available, bus schedules, digital library and events, among others. This app will also be developed under the guidance of HIDCO.

Now, after Mumbai and Pune, the iconic Trump Towers will soon be constructed in Kolkata. One of the leading luxury real estate company, Trump Organisation, has partnered with Unimark Group to develop a residential project along with the signature Trump Tower spread over an area of 400,000 sq ft. This project will come up at the EM Bypass stretch.

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