Kolkata
Kolkata- The real estate market of Kokata is gaining momentum despite many issues regarding faulty land acquisition policy. It is expected that it will show good growth in 2013. The year 2102 witnessed varied growth across many areas of Kolkata. Areas like Narendrapur, Kalikapur, Behala and New Town Action Area II reported maximum appreciation. While areas [...] Continue Reading »
Kolkata- The first meeting of task force on urban infrastructure will be held on 10th of December 2012 at state assembly to resolve the problems of developers . The representatives of the construction-builder community will also be part of this meeting. This force set up by Mamata Banerjee comprises of chief secretary and ministers and secretaries [...] Continue Reading »
Kolkata – The serious issue regarding land and sops policy is highly affecting the West Bengal’s real estate market. During an inauguration of a three day conclave on Bengal Builds with top city and few pan India developers as invitees, Chief Minister, Mamta Banerjee quoted that the state is in deep debt to offer freebies to [...] Continue Reading »
Kolkata- Credit Information Bureau (India) Ltd (CIBIL) and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) are together planning to offer a single window facility to check credit worthiness and legal status of property to lenders. The two organizations have planned to sign an agreement on 10th December. Once the [...] Continue Reading »
Till November 2012 the Kolkata Municipal Corporation has collected Rs 362 crores as property tax compared to Rs 317 crore in the same period last year. Debabrata Majumder, Member Mayor-in Council (MMIC) Revenue told that they have set a goal for collecting a minimum amount of Rs 700 crores property tax in this financial year. [...] Continue Reading »
Ballygunge has witnessed a strong demand for residential property which in turn pushes the funding prices. The area has well-developed commercial infrastructure as well as uncomplicated connectivity to any section of Kolkata. The modern projects unveiled furthermore boost require as well as go up within prices. Ballygunge is known as one of the prime localities [...] Continue Reading »
Owners of multi-storeyed buildings will be fined if they are caught throwing waste on the street. The KMC Act stated that the Kolkata Municipal Corporation can set a fine as high as Rs 5,000 for littering streets, but however, the amount can differ from person to person. Debabrata Majumder, MMiC, solid waste department, said that [...] Continue Reading »
Kolkata- While hunting the targeted revenue, Kolkata Municipal Corporation found that around 3000 properties around Behala and Jadavpur were not estimated. The civic body have been needy to find ways to improve income ever since the Unit Area Assessment method to regulate property tax dropped through. Khalil Ahmed, Municipal Commissioner, issued a circular to the [...] Continue Reading »
According to research firm Liases Foras, the construction of nearly half of the 3,23,000 homes scheduled to be delivered in 2013 are lagging behind. At least a third of these will not be ready even before 2014. A survey by the company has revealed that three of every four homes to be delivered in 2014 [...] Continue Reading »
A 22 cottah plot of land in Rajarhat, Kolkata has been sold out to set up a polyclinic cum daycare centre has drawn Rs 6.85 crore in an auction. November 9 was the last day of application. The New Town lacks polyclinics and hospitals, so the residents have to depend on neighbouring areas. To bring [...] Continue Reading »
