Shibpur is also geared towards luxury living with some big real estate projects like Ideal Grand, Clubtown Riverdale building up luxury apartments with plenty of open spaces and amenities of mini townships in old Tram Depot area and Shibpur market between G.T. Road and Foreshore Road. That place is currently occupied by dilapidated warehouses. Over the last ten years, Shibpur has developed into a popular residential community. Many multi-storied apartment complexes have been built (e.g. Shree Apartment - being one of the oldest, Vivek Vihar - the complex widely spread, Panchsheel Apartments) attracted by the location near the River Ganges, as well as by the easy connection to South Kolkata through the Vidyasagar Setu. Newly constructed roads have made access to the area very easy. Many parts have turned up as a transportation gateway to Kolkata.