RERA Under Construction
68
✓ RERA Verified New Launch
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Featured in the August 2026 Edition Score Board — ranked #12 of 52 (Score 79)
About Town Square by Srijan Realty
Town Square sits at the junction of Major Arterial Road and Biswa Bangla Sarani in Action Area I, New Town — directly opposite Novotel and roughly 1.5 km from Biswa Bangla Gate. Spread across 6.29 acres with 87% open space, the project comprises 7 towers (B+G+15/19/24/25) holding 350 units, positioning it as one of the last large-format high-rise developments available on this stretch of MAR. The design leans into 270-degree, three-sides-open views on select units, an IGBC Platinum Green Homes pre-certification, and a 20,000 sq ft clubhouse — sized closer to a standalone amenity building than a typical in-tower club.
Key Highlights
- 6.29-acre landscaped campus with 87% open space
- 7 towers, 350 units, IGBC Platinum Green Homes pre-certified
- 270° three-sides-open views on select units
- Vaastu-compliant layouts across configurations
RERA No: WBRERA/P/NOR/2023/000063 Verify on WBRERA →
AI-Generated Score
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Our 4-dimension evaluation
Every project on Sidus is scored on four dimensions — developer, location, price-to-value, compliance. Below is our honest read.
0/100
Solid
Sidus Recommended
Solid
Town Square is a well-positioned large-format luxury project on one of New Town's strongest arterial addresses, backed by a developer with genuine Kolkata vintage — the location alone makes it worth serious consideration for a buyer seeking 10-year appreciation. The honest caution is that this is a new launch with no construction progress to verify, pricing is at the upper edge of the micro-market benchmark, and Srijan's delivery track record and financial closure details need to be confirmed by Sidus before recommending to a buyer.
The four dimensions
Detailed sub-scores available in your personalized memo
🏢
Developer Trust
Strong
Srijan Realty (est. 2003) has a 20-year Kolkata track record with recognisable delivered projects, but granular data on on-time delivery ratios, post-handover CAM conduct, and current financial closure for Town Square specifically are not in the profile — limiting the score from higher.
📍
Location Intelligence
Strong
Action Area I on Major Arterial Road, directly opposite Novotel and bracketed by Sector V IT demand and New Town's own commercial spine, is among Kolkata's strongest luxury micro-markets today, with NKDA governance and a planned metro corridor extension adding long-term upside.
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Price-to-Value
Solid
At ₹2.69 Cr onwards for a 3 BHK (implying roughly ₹14,800–15,000/sqft on super built-up), the ask is at or marginally above current MAR Action Area I benchmarks for a new launch, and loading factor, parking cost, and post-possession fit-out standard are not disclosed — making true value hard to confirm.
✅
Compliance
Strong
RERA registration (WBRERA/P/NOR/2023/000063) is confirmed and a January 2028 possession on a new launch gives a credible ~4-year construction window, but financial closure documentation and current construction-stage evidence are absent from the profile.
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Configurations & Pricing
EMI Calculator
Amenities
- 24x7 Security
- Banquet Hall
- Car Parking
- CCTV Surveillance
- Children's Play Area
- Clubhouse
- Gymnasium
- Indoor Games
- Jogging Track
- Landscaped Gardens
- Library
- Lift
- Multipurpose Hall
- Power Backup
- Rainwater Harvesting
- Swimming Pool
- Yoga / Meditation Area
Floor Plans & Master Plan
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Location & Connectivity
New Town's Action Area I is anchored by the Biswa Bangla Gate corridor, sitting between the established Sector V IT hub and the upcoming CBD (Action Area II), with New Town's own commercial spine — Axis Mall, DLF Galleria, Eco Park — within a few kilometres. NKDA governs civic infrastructure here rather than KMC, which has historically meant more planned road widths and utility rollout than older Kolkata localities. A metro station (part of the upcoming CBD-1 corridor extension) is planned close to the site, though exact commissioning timelines for that extension should be verified independently before quoting a distance figure.
Frequently Asked Questions
On Major Arterial Road (South-East Extension) in Action Area I, New Town — opposite Novotel and about 1.5 km from Biswa Bangla Gate.
3 BHK, 3.5 BHK, 4 BHK, and 5 BHK duplex apartments, ranging from roughly 1,820 to 3,626 sq ft.
January 2028, as per the current RERA filing.
3 BHK units start from approximately ₹2.69 Cr; final pricing depends on tower, floor, and facing. (Get an updated cost sheet from us before quoting a figure to a buyer — the developer's own listings show some variance.)
NKDA — the New Town Kolkata Development Authority governs civic services in this part of New Town.
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