Kolkata
Kolkata: In the past 6 months, the West Bengal Housing Industry Regulatory Authority (WBHIRA) has received the majority of complaints regarding delay in completion and possession of apartments/flats, keeping of possession despite the complete payment, refusal to pay when the customer asks refund on account of delay and dispute over common area and other terms [...] Continue Reading »
State Bank of India (SBI) and Finance Ministry (MoF) are exploring for a legal frame where the suggested Alternative Investment Fund (AIF) for strengthening delayed housing projects will have the first charge on assets and cash flow of companies getting funding. That will finance 1,600 delayed housing projects carrying 4,58,000 housing units across the country. [...] Continue Reading »
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
KOLKATA: From now on, the owner of a thika tenancy land in the city will be considered as the leaseholder and the resident as the administrator. The civic body has begun the procedure of prefacing the system that will provide further identification to the owners as strong as the tenants of all thika tenancy lands, KM mayor Firhad [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
On the occasion of Mahashivratri, West Bengal Housing Board invites applications for sale of dwelling units (flats and houses) and Income eligilbilty is HIG with gross monthly family income Rs 40,000 and above. Information brochure and application form will be available only from Banks Branches mentioned below: State Bank of India Bank of Maharashtra Union [...] Continue Reading »
Tata Housing Development Company Ltd., one of India’s leading Real Estate Developers, to develop two new residential projects in Mumbai and Kolkata. Tata Housing will invest Rs 600 crore to develop about 700 units in a luxury housing project at Mumbai and Rs 800-900 crore in Kolkata to construct about 2,500 units in various phases. [...] Continue Reading »
Real estate projects in West Bengal can breathe in relief as the state government took a liberal stand. The West Bengal government is granting exemption under section 14Y of the West Bengal Land Reforms Act so as to boost realty-related investments. This release will allow township projects to acquire more land than the previous limit [...] Continue Reading »
At the 51st Annual General Meeting of the Indian Paint Association – which is a CII affiliate – in Kolkata on Monday, West Bengal’s Minister for Municipal Affairs and Urban Development, Firad Hakim, said that the State has made a strong pitch for 10 ‘smart cities.’ With regard to West Bengal’s proposal for 10 ‘smart [...] Continue Reading »
Engineering major Larsen & Toubro today said it has bagged contracts worth Rs1,832 crore from various business segments since July. The company’s construction arm L&T Construction has won new orders worth Rs1,832 crore from across various business segments in July and August as according to a release issued here said. The company has bagged Rs1,008-crore [...] Continue Reading »
