Liquefaction is a phenomenon where the effective stress of the soil gets reduced to zero and the soil losses its shear strength completely. Such occurrence is common during an earthquake and hence the need for evaluating the liquefaction potential of soil arises. The region of Newtown-Rajarhat is undergoing a massive industrial and residential growth and as the area has layers of sand and silt mixed with clay and organic matter, it is essential to determine its liquefaction potential. In this study, the deterministic methods proposed by Youd et al. (2001) and Boulanger and Idriss (2014) were utilized to evaluate the liquefaction potential of the region using 102 borehole data for earthquake magnitudes of 6 and 7. However it was observed that both methods gave different results for the same input parameters. The parameter uncertainties were identified and a reliability analysis was performed to represent the liquefaction potential in terms of reliability index and probability of liquefaction. The First-Order-Second-Moment (FOSM) method was utilized here and contour maps were prepared for depths of 7m and 13m for both the earthquake magnitudes. It was concluded that the study area is vulnerable to liquefaction at a depth of 13m in the regions of Newtown, Rajarhat and Sector V.