Kolkata
According to real estate developers in Kolkata, the prospects of the realty market in many localities of the city have witnessed a substantial improvement of late, thanks largely to the upcoming Kolkata Metro project. As per the market-trend watchers, one of the several Kolkata localities which are apparently benefitting from the Metro project is Madurdaha. [...] Continue Reading »
For the first time, the West Bengal government has prepared a state Urban Development Policy. This was done after they got a nod from the Cabinet Standing Committee on Infrastructure. The state’s Urban Development Minister Firhad Hakim stated that such a policy was a strong requirement to cope with the growing urbanisation. Hakim announced the [...] Continue Reading »
Tata Housing and Calcutta-based Keventer Group have teamed up for developing an upscale residential complex in Alipore. The collaboration between Tata Housing and Keventer for the plush housing project marks the return of the conglomerate in Bengal after the 2008 Singur fiasco. For building the top-end residential project in Alipore, Tata Housing and Keventer have [...] Continue Reading »
One of the assets of the Calcutta Stock Exchange (CSE) is up for sale. The asset is a three-acre prime land on the eastern corridor of Kolkata. For the sale of the prime land, CSE has hired property consultant Jones Lang LaSalle (JLL). Going by the estimates of unidentified sources in the realty market, the [...] Continue Reading »
Kolkata-based reputed real estate player Merlin group has recently announced that is has plans underway for a new premium residential project in the city. The new project to be launched by Merlin Group will be called ‘Legacy;’ and it will be the developer’s fourth upscale project, after its highly successful Deblok, Regency and Regent projects. [...] Continue Reading »
In Kolkata on Friday July 18, the West Bengal IT Minister, Amit Mitra offered Nasscom a 10,000 square feet of “ready” space to set up its first incubator in the region. Mitra stated that this space has been allotted in the IT township of Sector V in Salt Lake. The space will be provided by [...] Continue Reading »
The government is considering a proposal to sell off the real estate owned by the sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construction Corporation (NBCC Ltd). The government wants to sell off the housing dwellings owned by these loss making units before selling off the chronically loss-making [...] Continue Reading »
Property consultant CBRE has revealed in its recently-released India Office Market View for 2014 second-quarter report that absorption rates for office space in the Kolkata market witnessed a nearly 30 percent quarter-on-quarter plunge. According to the report, the movement of office space in Kolkata during the April-June quarter was notably ‘slow;’ with the key contributor to the overall [...] Continue Reading »
It seems the struggling real estate sector is picking up as there is a ripple among the developers to launch new residential projects in Kolkata. A consortium of three Kolkata-based developers, Sureka Group, Merlin Group and JB Group, has acquired 100 % stake in Keppel Magus Development Pvt Ltd’s project. This acquisition was made on [...] Continue Reading »
At the Nager Bazaar, Dumdum, location in north Kolkata, a mid-sized residential complex is being developed by the Merlin Group of realty developers. The project, as per the developer’s claims, underscores a meticulously-planned residential complex at which plush apartments will be available at an affordable cost. With the new residential project – called Merlin Paradise [...] Continue Reading »
