Calcutta Riverside

Calcutta Riverside is a satellite township development across 262 acres (1.06 km2) being developed by Riverbank Developers Pvt. Ltd. in joint venture with Bata India Limited planned on the banks of the Hooghly River in Kolkatain South 24 Parganas district under Maheshtala Municipality. Riverbank Holdings the operating company has finalised a funding of Rs 117.60 crore for the IT SEZ portion of this project on the outskirts of Kolkata. Yatra Capital Ltd will invest the funds in the IT SEZ component of the Calcutta Riverside project in lieu of 50 per cent equity stake in the SEZ. Spread over 25 acres (100,000 m2), the IT SEZ will have a built-up area of 21.92 lakh sq.ft. This is the joint venure of Riverbank Holdings Private Ltd. and Bata India Ltd and KMDA. . Calcutta Riverside is a mixed use development with high end residential communities around river, golf course and lakes. It has self-sufficient amenities like an IT park within 25-acre (100,000 m2) SEZ, a ‘Crowne Plaza’ 200-room hotel with 50 service apartments overlooking the river, a Retail Mall with Big Bazaar and Hometown anchors by Future Group, a multi specialty hospital with diagnostic center, a school, a 9-hole golf course, a large sports and recreation club, an exclusive golf club; and above all, a 700-metre-long riverfront promenade with fun retail and a marina. The 1,400-crore Batanagar rejuvenation project and The Rs 150-crore “international, four-star deluxe” resort is expected to be opened to guests in 40 months. Holiday Inn is owned by the UK-based InterContinental Hotels Group (IHG), which licences it out to franchisees and third parties who operate hotels under management agreements. With an 800-bed multi-speciality hospital also tied up with the Asia Heart Foundation, and international alliances for a “knowledge village” being completed, the contours of the 256.94-acre (1,039,800 m2) Batanagar redevelopment are now firmly in place.implementing Calcutta Riverside, is in the process of tying up with Dulwich College, London, and Nanyang Technological University, Singapore, among others, for the knowledge campus.

The township has been designed with environment friendly design and onsite initiatives like the 25-acre (100,000 m2) IT Park registered as Green Building, retention of existing water bodies and recreation of more lined up with geo-textile blankets, retention of as much green cover as possible and careful transplantation of the rest within the site, offsite nursery development, zero sewage discharge, recycled water usage for irrigation and HVAC, use of sustainable building materials like bricks, concrete blocks etc. for the façade treatment, use of screens and shading devices, building envelopes around green courts, etc.

The township has been designed through a collaborative endeavor of some of the design firms across the country. World class physical infrastructure and its sustainable management have been the key initiatives and therefore each of the micro parts have been detailed out by specialized agencies on service verticals, irrigation, transportation, golf course.