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Kolkata

Rajarhat New Town residents to get relief over civic problems

Rajarhat New Town residents to get relief over civic problems
Kolkata- The worries of residents of Rajarhat Town regarding civic amenities have been resolved. The state cabinet has taken a significant decision by approving the proposal to enact the New Town Kolkata Development Authority (Amendment) Bill, 2013. The amended bill will allow New Town Kolkata Development Authority (NKDA) to function as a municipality for New [...] Continue Reading »

Kolkata emerges as an ideal real estate destination

Kolkata emerges as an ideal real estate destination
Kolkata- The southern and eastern regions of Kolkata are witnessing huge investment potential in the recent years. EM Bypass in the South, Behala located in the south-west and Rajarhat, situated in the east are emerging as prime investment destinations of the city. Owing to lower asset and land prices, availability of scalable infrastructure and the [...] Continue Reading »

Home loan tax benefits to boost Kolkata real estate

Home loan tax benefits to boost Kolkata real estate
Kolkata – The recent Union Budget 2013 has proposed deduction in tax on home loan upto Rs 25 lakh which has brought cheer to home buyers, especially in Kolkata, as compared to any other major metro cities. One can claim the deduction at tax only if the loan amount is less than Rs 25 lakh. [...] Continue Reading »

Godrej properties to launch luxury residential project in Kolkata

Godrej properties to launch luxury residential project in Kolkata
Kolkata – Godrej properties is planning to launch its ultra-luxury residential project named “Godrej Platinum” in the neighbourhood of Alipore, Kolkata. The project will soon get the final approvals and is expected to launch in April or May 2013. The estimated cost of this premium residential project is around Rs 100 crore.  Godrej Platinum spreads across [...] Continue Reading »

Metro to run safer with implementation of TPWS

Metro to run safer with implementation of TPWS
Kolkata- Metro trains will run more safely from July onwards as the Railway Board has planned to implement Train Protection and Warning System (TPWS). The system will alert the motorman of metro train and at times, it will even apply brakes if there is a possibility of danger signal being overshot or the train passes [...] Continue Reading »

Ultadanga flyover collapses in Kolkata

Ultadanga flyover collapses in Kolkata
Kolkata- A large portion of Ultadanga flyover in the city collapsed on Sunday early morning crushing down a truck below and severely injuring three people. The bridge was about 200 metres in length. An entire portion of it collapsed into a canal below. Fortunately, the incident took place at around 4.30 am in the morning [...] Continue Reading »

West Bengal’s East-West metro enters into “pink book”

West Bengal’s East-West metro enters into “pink book”
Kolkata- Although a project with Rs. 4,874 crore and a 100-crore allocation might seem smaller, But, West Bengal is still contented with it East-West front. Making its entry into the pink book, the Metro corridor links with the eastern fringes of the city with Howrah. This ultimately means, the Indian Railways has officially accepted it [...] Continue Reading »

Hidco likely to auction plot in New Town for a hospital

Hidco likely to auction plot in New Town for a hospital
Kolkata- In a recent  meeting, the Housing Infrastructure Development Corporation (Hidco) had plans to auction more land through e-auction, especially the 10-acre land situated in Rajarhat New Town, for  setting up a private medical college and a hospital. There have already been many floated expressions of interest from the authorities for the project. However, the last date [...] Continue Reading »

Kolkata’s perpheral areas to witness real estate growth

Kolkata’s perpheral areas to witness real estate growth
Kolkata- Developers believe that Kolkata is likely to see a large number of small residential projects in areas like Diamond Harbor, Rajarhat, E M Bypass, Garia and Kona Expressway over the next one or two years. They expect that, owing to land scarcity, though Kolkata may not get big housing projects, availability of small land [...] Continue Reading »

KMRC rejects new east-west metro route

KMRC rejects new east-west metro route
Kolkata – The Kolkata Metro Rail Corporation (KMRC) has disposed the proposal of realigning the East-West Metro route due to massive increase in cost. KMRC is already bearing Rs 40 crore a day for delay in construction. This realignment of East-West Metro route was proposed to avoid the acquisition of 1.599 acres of land near [...] Continue Reading »



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