Source: JLL Research, 2025

Figure 3: Newtown-Rajarhat Gross Rent & Vacancy Rate

The state government has established the "Bengal Silicon Valley Hub" on 200 acres, allocating land to IT & ITeS organisations for campus and data centre development, which are excluded from office supply and absorption metrics. STTelemedia and NTT have already initiated data centre operations, while facilities by Reliance, Adani, CtrlS, and Airtel Nxtra remain under construction.

Corporate expansion continues with ITC Infotech's 1.45 million sqft and Infosys Business Park's 0.3 million sqft campuses in 2024. The pipeline includes Wipro's 1.5 million sqft and LTI Mindtree's 3.85 million sqft campus developments.

The "Bengal Fintech Hub" spans 70 acres dedicated to financial institutions, including HDFC, Bandhan Bank, ONGC, National Insurance, and other organisations. While HDFC and Bandhan Bank are already operational, the remaining institutions are still in development phases. These financial facilities are excluded from standard office supply and absorption metrics.

Transportation infrastructure represents a critical advancement for Newtown-Rajarhat. The under-construction Orange Line Metro will establish connectivity from the north to East Newtown-Rajarhat and Salt Lake, eventually extending to the South and Western parts of Kolkata.

Roadway infrastructure improvements include a four-lane expressway connecting Newtown-Rajarhat in East to Madhyamgram-Barasat in North, projected to reduce transit times by half. Additionally, a seven-kilometer, four-lane elevated corridor linking EM Bypass to Newtown-Rajarhat will substantially improve East Kolkata’s connectivity with Central and South areas.