Kolkata
In a recent press release, hospitality bigwig InterContinental Hotels Group (IHG) has announced that it has teamed up with Kolkata-based Jain Group for developing a Holiday Inn in Durgapur. The Holiday Inn for which IHG has partnered with Jain Group will mark the foray of the Holiday Inn brand in the industrial town of Durgapur. [...] Continue Reading »
The Housing Infrastructure Development Corporation (Hidco), a government company under the Companies Act, has become one of the first amongst government undertaking companies to come up with a number of CSR activities that they will implement following the decision to make it mandatory for all companies to satisfy certain criteria to invest 2% of its [...] Continue Reading »
A Kolkata-based group of real estate developers named as Bengal Abasan Builders are planning to invest nearly Rs 800 crore to build around 1,600 flats in Kalikapur. This group is the part of city-based Urban Abasan Group. The projects name is ‘Urban Sabujayan’ which will be developed in two phases over the 22 acre area. [...] Continue Reading »
A senior official of the bank informed that the State Bank of India (SBI) will hold on to its home loan rates. Arundhati Bhattacharya, SBI Chairperson and Managing Director said on the sidelines of the IIM Calcutta’s 49th convocation, that home loan rates will remain unchanged. Recently RBI kept unchanged policy rates whereas lowered the [...] Continue Reading »
The west Bengal government is focusing to exit from the joint sector real estate ventures and has involved professional services firm EY to audit the working of nine companies in which the state holds shares. As per the official, EY has tied up with Fox and Mandal to organize complete audit. A major official says [...] Continue Reading »
The murky world of real estate business has caused an increase in crimes in some parts of Kolkata. The cold hearted murder of Chandan Ghosh, two days ago was the third murder in last five months in the Entally-Tangra area. This is in addition to the death of Abhijit Patra in jail custody that triggered [...] Continue Reading »
The Howrah Municipal Corporation announced on Tuesday, a partial discount for property and commercial tax in expectation of higher revenue. They decided that no penalty or interests need to be paid. The Howrah mayor Rathin Chakraborty, says, that the KMC has already started a scheme which has great benefits. He also says, that the last [...] Continue Reading »
In the metropolis auctioned by the West Bengal government, Private power utility CESC has bought 49.16 cottah of Calcutta Tramways Corporation in three land parcels, the first such divestment. The RP-Sanjiv Goenka group-owned company, will pay Rs 27.73 crore for 49.16 cottah spread over three tram depots at Galiff Street (14.95 cottah), Kalighat (12.33 cottah) [...] Continue Reading »
The upcoming Lok Sabha elections are proving beneficial for the people of West Bengal, even before they have actually arrived. The Mamta Government approved a number of sops for government employees. These include easy terms on house loans and cashless health insurance, among other. Briefing the reporters after the meeting presided by the Chief Minister, [...] Continue Reading »
For the past six years of its construction, only 67 per cent of the work has been completed of the Vivekananda Road flyover and the Kolkata Metropolitan Development Authority (KMDA) is unsure about when the flyover will be opened to the public. The agency has already missed three deadlines. This, interesting news is coming at a [...] Continue Reading »
