Business districts in Kolkata

Business districts in Kolkata refers to the commercial, financial or business centres or cluster of offices in the Kolkata Metropolitan Area. Business districts in Kolkata can be classified as:

The PBDs of Kolkata i.e., Salt Lake Sector-V and New Town are the largest business districts in the entire Kolkata metropolitan area (KMA) making it the CBD of KMA.[1]

Kolkata Central Business District (CBD)

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Upto the 90s, Dalhousi Square, B. B. D. Bagh, Dharmatala, Netaji Subhas Road were considered as the CBD of Kolkata due to the presence of large number of offices. But due to no availability of space for expansion or modern infrastructure in the area, new offices started to open in the Maidan, Park Street, Camac Street, AJC Bose Road & APC Road, Wood Street, Loudon Street, Shakespeare Sarani and its neighbouring areas. Those areas make the present central business district of Kolkata city.[2][3]

Kolkata CBD

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Maidan, Park Street, Camac Street, AJC Bose Road & APC Road, Wood Street, Loudon Street, Shakespeare Sarani are noted as the present CBD of Kolkata. Notable offices or business centers are:

Old CBD

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Kolkata's former CBD consists areas of B. B. D. Bagh, Strand Road, Esplanade, Netaji Subhas Road and Telecom Circle.[4] The native name of the area is "Office Para". Though it may not attract new offices or companies, the area is still considered as one of the commercial[4] and political center of East India due to its still existed business and political institutions. Writers' Building, the state Government's former secretariat is located here. To the west lie the General Post Office, the Royal Insurance Building, the eastern office of the Reserve Bank of India, the headquarters of the Eastern Railway, head office of the Kolkata Port Trust and a number of other government offices. To the north lie the Royal Exchange Building which houses the Bengal Chamber of Commerce and Industry, the Calcutta Stock Exchange, the Standard Chartered Building and many financial establishments. The eastern end also houses a number of offices till Chittaranjan Avenue. The south area of the square is home to the Raj Bhavan, which is now the residence of the governor and the former residence of the viceroy and governor-general of India.

 
A view of the General Post Office

Notable offices or business centers are:

 
Great Eastern Hotel (Kolkata)

Notable hotels include The Great Eastern Hotel.

Secondary Business Districts (SBDs)

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Main location Major locations in the area Area under Major offices/buildings Approx. office space (Grade A)
Park Circus Connector Park Circus
Topsia
Kolkata city proper 0.7 million sq. ft. (as of 2023)[5]
Rashbehari Connector SBD Kolkata city proper 1.4 million sq. ft. (as of 2023)[6]

Peripheral Business Districts (PBDs)

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Main location Major locations in the area Area under Major offices/buildings Approx. office space (Grade A)
Salt Lake Sector-V Kolkata metropolitan area 13 million sq. ft. (as of 2023)[7]
New Town New Town CBD
Fintech hub
New Town AA-II
New Town AA-III
Kolkata metropolitan area 10 million sq. ft. (as of 2023)[8]

References

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  1. ^ https://psgroup.in/blog/cbd-area-in-kolkata-is-shifting-towards-the-east/
  2. ^ https://psgroup.in/blog/cbd-area-in-kolkata-is-shifting-towards-the-east/
  3. ^ https://www.business-standard.com/article/companies/once-a-bustling-hub-kolkata-s-central-business-district-has-few-takers-today-115100200353_1.html
  4. ^ a b Gupta, Gargi (4 March 2017). "The making and marring of cityscapes". dnaindia.com. Retrieved 21 October 2021.
  5. ^ https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2023/q3/apac-and-gc/india--kolkata--office-mb-q3-2023-.pdf?rev=c8dbc411d71f4b40b3797087120a41f2
  6. ^ https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2023/q3/apac-and-gc/india--kolkata--office-mb-q3-2023-.pdf?rev=c8dbc411d71f4b40b3797087120a41f2
  7. ^ https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2023/q3/apac-and-gc/india--kolkata--office-mb-q3-2023-.pdf?rev=c8dbc411d71f4b40b3797087120a41f2
  8. ^ https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2023/q3/apac-and-gc/india--kolkata--office-mb-q3-2023-.pdf?rev=c8dbc411d71f4b40b3797087120a41f2