Kolkata
XRBIA Developers, the former Eiffel Developers & Realtors Ltd., has recently revealed the first-of-its-kind affordable housing brand XRBIA for pan India. Hafeez Contractor, a 61 year old renowned architect, has developed a revolutionary new design for affordable housing. An exact full size model of the actual house was shown during an occasion. XRBIA – Connoting [...] Continue Reading »
Even after the orders from the state’s chief minister, the police and the concerned authorities of Kolkata turn a blind eye to the encroachment of water bodies. Chief minister Mamata Banerjee had asked the police and Trinamool Congress councillors to check that no water body in their jurisdiction disappears. But this seems to have had [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
India’s oldest golf club, Kolkata’s Royal Calcutta Golf Club (RCGC), plans to enter real estate sector in order to create a regular source of income to rise its operational revenue and gather funds for the clubhouse and course upgrade. The club authorities will be signing a joint agreement with private equity (PE) player, Xander Group, [...] Continue Reading »
In this month’s electricity bill, residents of Noida got a shock when they received a bill with an additional security charge of Rs. 2,000 to Rs. 10,000. Noida Power Company Limited (NPCL) who is the power corporation of Greater Noida has levied extra security charges. Around 19000 consumers from the month of April have been [...] Continue Reading »
Salt Lake Sector V in Kolkata has emerged as a mini Silicon Valley that generates export revenue worth more than Rs 7,000 crore. And Bidhannagar area of Salt Lake is the auxiliary township provided homes to more than a couple of million people. It is reported that there have been around 55 office space transactions [...] Continue Reading »
Buyers of row bungalows in Kolkata West International City (KWIC) have decided to go an agitation demanding timely completion of project and delivery of apartments in Kolkata. KWIC was the first FDI in real estate in India. The project was started in 2005 along the Kona Expressway, nearly 15 kms from the city. At the [...] Continue Reading »
The Urban Land Ceiling Act in West Bengal is restricting the availability of large sized freehold land in the city. The real estate developers of the city are paying a premium amount for getting government auctioned land. The cost of lad was Rs 58 lakh a cottah in 2005, which has been increased to Rs [...] Continue Reading »
The West Bengal Government has legalized the sale of housing land in the satellite township of Salt Lake on the eastern fringes of the city. According to the legalization plan, the leasehold plots will be made into freehold ones following the payment of a transfer fee of Rs 5 lakh a cottah. The decision will [...] Continue Reading »
The real estate business in West Bengal is growing rapidly. In an analysis it is found that the hotel business is growing by 10 to 1 percent in the state. In 2012, the realty sector in Bengal is expected to grow by 15 to 20 percent. Apart from hotels, the residential projects in Kolkata and [...] Continue Reading »
