Kolkata
Kolkata Municipal Corporation has sold a 2-acre plot on EM Bypass for Rs 115 crore. This is the highest price KMC has ever got for land. AHW Steels bought the land, and the construction will start in next two months. The group plans to set up a luxury residential complex in Kolkata in the land [...] Continue Reading »
Bata India Ltd has exited its real estate joint venture project at Bata Nagar in the southern fringes of Kolkata. In a joint venture with Calcutta Metropolitan Group, Bata India was constructing an integrated township project in Kolkata. The Managing Director of Bata India has confirmed that the project will be run by the partners [...] Continue Reading »
AN e-commerce joint venture between Tata Steel and Steel Authority of India (SAIL), Mjunction Services Ltd, plans to acquire a 9 acre plot in Kolkata. Nokia Siemens Networks (NSN) runs a loss-making landline gear manufacturing unit in the land. As Nokia Siemens is likely to shut down its Kolkata plant as part of a global [...] Continue Reading »
New Town is appearing as the latest commercial hub of Kolkata. As the demand for office space is increasing by the IT industry and several expansions of secondary and tertiary industries increasing in Kolkata, New Town is coming up as the destination of the real estate projects in Kolkata. It is noticed that commercial transaction [...] Continue Reading »
The Kolkata Metropolitan Development Authority (KMDA) has denied about any irregularities in providing completion certificates to the residential units in Kolkata developed at the Kolkata West International City (KWIC) project. KWIC has constructed an Rs 6,000-crore satellite township on 390 acres of prime land at Salap on NH-6. According to the development proposal 800 row [...] Continue Reading »
Bidhannagar Municipality will start building the Rabindra Bhavan very soon. The municipality has allocated the plot for the construction. The building is to be located at Salt Lake’s FE Block adjoining Central Park and the residents of Bidhannagar municipality will be benefited by the Rabindra Bhavan The complex will be a three- or four-storied project [...] Continue Reading »
Shobhabazar Rajbari is a glorious property in North Kolkata. Lots of historical activities took place in this heritage place. Now a unique multi-utility infrastructure on the non-heritage portion of the heritage property will be constructed by Raja Naba Krishna Deb’s youngest son’s BlueChip project. A handful of premium residential apartments, retail space, food court, art [...] Continue Reading »
The Nonadanga land in Kolkata since long times has been acquired by slum dwellers. The eviction of slum from this land has been a headache to Kolkata Metropolitan Development Authority (KMDA). The KMDA authority has commenced with several options to utilize the stretch of land. The Nonadanga Busti Uchchhed Pratirodh Committee is opposing the government’s [...] Continue Reading »
The Kolkata Municipal Development Authority has demolished the slums in Nonadanga on March 30th. But 130 families had refused to give up and they started living under the open sky. To protest against the demolish of the slum, activists went for a hunger strike. After a 14 days strike, the activists achieved the reconstruction assurance [...] Continue Reading »
The West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976. The proposed amendment will impose the reservation of 30 per cent apartments in big housing projects for the low-income group (LIG). Though the industrialists have been asking to withdraw the law, the ministry [...] Continue Reading »
