Salt Lake Sector V is coming up as mini Silicon Valley
Salt Lake Sector V in Kolkata has emerged as a mini Silicon Valley that generates export revenue worth more than Rs 7,000 crore. And Bidhannagar area of Salt Lake is the auxiliary township provided homes to more than a couple of million people.
It is reported that there have been around 55 office space transactions happened in Salt Lake covering almost 1.5 million square feet.
The commercial and retail scenario at Salt Lake too has got a new lease of life with sprawling malls and offices in the area. City Centre Salt Lake and City Centre New Town are doing well as is evident from consistently high footfalls and a mix of satisfied retailers.
The most significant under construction project in Kolkata is the Godrej Genesis Building at Sector V, Salt Lake on a 13,00,000 square feet area and should be complete by the fourth quarter of 2013 and this apart there are many more projects coming in especially at Sector V.
The state government had also formed an IT advisory committee to promote the IT infrastructure and real estate facilities available in Kolkata Realty market.
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Source: Economic Times
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