Project Restructuring
Ambuja Neotia Takes Over Stalled Usshar Project in Batanagar After NCLT Approval
The National Company Law Tribunal in December 2025 approved Ambuja Neotia's subsidiary to acquire and complete the long-stalled Usshar residential project in Batanagar, Kolkata. Under the court-backed resolution, Ambuja Housing and Urban Infrastructure Company Ltd will revive a 9.4-acre parcel with 12 towers planned at G+31 floors.
| Developer & Acquirer | Ambuja Neotia (through subsidiary AHUICL); previously stalled by Riverbank Developers Private Ltd |
|---|---|
| Location | 1 New Bata Road, Batanagar, Maheshtala, South 24-Parganas, Kolkata |
| Project Scope | 12 towers, G+31 floors, 771 units, 18 acres |
| Product Type & Configuration | 2 BHK (798 sq.ft.), 3 BHK (1025 sq.ft.) apartments |
| Price Band | ₹27 lakh to ₹38.33 lakh (2 BHK onwards) |
| Possession Timeline | April 2025 (documented date; construction timeline to resume under new management) |
| RERA Status | Registered with West Bengal RERA as HIRA/P/SOU/2020/001067 |
| Acquisition Cost | ₹34 crore upfront payment by Ambuja Neotia; no assumption of past liabilities |
Project Status & Resolution
The long-stalled Usshar project had left hundreds of homebuyers in a state of uncertainty due to halted construction. The National Company Law Tribunal (NCLT) has given the green light to Ambuja Housing and Urban Infrastructure Company Ltd (AHUICL) for its resolution plan to take over and complete the Usshar residential project in Batanagar near Kolkata. Ambuja Neotia, which previously offered management consultancy for the project, has now taken full reins to ensure its completion and deliver homes to buyers. AHUICL, a subsidiary of the Ambuja Neotia Group, will acquire the 9.4-acre parcel dedicated to the Usshar project with an upfront payment of ₹34 crore.
Product Specifications & Configurations
The project features 2, 3 BHK apartments with areas ranging from 798 to 1025 sq.ft. The project Ambuja Usshar is set in 18 acres and has 771 units. Comprising 12 towers with G+31 floors, USSHAR is a chance to live in one of the tallest towers near River Ganges. The project is designed to provide ample natural light and ventilation, with most apartments being open on three or four sides.
Price Band & Possession
The price range begins at ₹27.01 lakh, with possession targeted for April 2025. Apartment prices range from ₹27.01 to ₹38.33 lakh. The project is registered under RERA as HIRA/P/SOU/2020/001067. The project is currently at the mid-stage of construction.
Amenities & Community Features
Amenities include an infinity swimming pool, a fitness centre, an indoor games room, a multipurpose hall, a badminton court, a kids' play area, and a basketball court, with a jogging track and meditation garden promoting a healthy lifestyle. There is 24x7 security. It is a gated community.
Locality Context & Connectivity
Batanagar is a suburban locality and industrial town in the Maheshtala municipality of South 24 Parganas district, West Bengal, located on the eastern bank of the Hooghly River about 15 kilometres south of central Kolkata. The area boasts a well-developed network of roads, including Diamond Harbour Road and the Kolkata-Haldia Highway, which facilitate smooth access to central Kolkata and other vital regions. Public transportation options, including local buses and trains, ensure seamless commutes for residents, with nearby railway stations providing easy links to the city. The locality enjoys decent access to public transit systems, including Nangi Railway Station on the Budge Budge Branch line of the Kolkata Suburban network.
Developer Profile
Ambuja Neotia, under the stewardship of Mr. Harshavardhan Neotia, has been responsible for landmark projects in and around Kolkata such as Udayan, Kolkata's first Condoville, City Centre mall, Ffort Raichak, and Ganga Kutir. Ambuja Neotia is one of the most prominent and respected corporate houses headquartered in Kolkata with a diversified business portfolio consisting of realty, hospitality, healthcare and education.
Development phases
Frequently asked questions
Why was Usshar stalled and what changed?
The long-stalled Usshar project had left hundreds of homebuyers in a state of uncertainty due to halted construction. The NCLT approved Ambuja Housing and Urban Infrastructure Company Ltd's resolution plan to take over and complete the residential project in Batanagar. The court approval in December 2025 allows construction to resume under new management.
How much are the units priced?
Prices begin at ₹27.01 lakh, with the full range extending to ₹38.33 lakh. The 2 BHK units start at this base price.
When is possession expected?
Possession date is April 2025. This is the documented target; actual handover timing may depend on construction progress under Ambuja Neotia's management.
What is the project size and unit count?
The project Ambuja Usshar is set in 18 acres and has 771 units. It comprises 12 towers with G+31 floors.
Is the project RERA-registered?
The project is registered under the Real Estate Regulation Authority (RERA) with registration number HIRA/P/SOU/2020/001067.
What configurations are available?
The project features 2, 3 BHK apartments with areas ranging from 798 to 1025 sq.ft.