Kolkata
South Kolkata is witnessing growing demand for affordable residential units. Garia is one of the most preferred residential localities in Kolkata now. Infrastructural developments and good connectivity along with affordable prices have pushed the demand for residential units. The reason being compared to nearby residential localities, Garia offers relatively lower rates for the dwelling units. [...] Continue Reading »
As Salt Lake City in Kolkata witnesses growth in real estate sector, the property consultants and brokers seem to be smiling. They have cashed in on the rise in demand for property – both residential and commercial in and around Salt Lake. Most of the consultants recorded a year-on-year growth between 15-25 percent while few [...] Continue Reading »
Rajarhat New Town seems to be top priority for investors in Kolkata. In the highest ever land auction in the area till date, a 2.5-acre plot for a retail-cum-office complex has fetched Rs 51.13 crore for the Housing Infrastructure and Development Corporation (Hidco). The plot at Action Area-II of New Town is located near the [...] Continue Reading »
West Bengal Urban Development Ministry announced that the State Government was planning to construct 33,000 houses for the economically weaker sections. The Urban Development Minister inaugurated Home Front 2012 – a real estate expo, organised by the Confederation of Real Estate Developers’ Association of India (Credai) and the announcement was made on the occasion. According [...] Continue Reading »
Property tax collection in Salt Lake is set to be restarted. The Trinamool led Bidhannagar municipality had started tax collection on March this year after several years but collection again had to be withheld after a section of residents complained of some miscalculations in many of the tax bills dispatched. Many residents started complaining that [...] Continue Reading »
Kolkata Municipal Corporation (KMC) has decided to tackle the arsenic threat looming large over the residential areas of the city. As per the new rules charted out by KMC, it has been made mandatory for promoters in certain parts of the city to get groundwater tested for arsenic before they can submit building plans. The [...] Continue Reading »
Shristi Infrastructure Development Corporation unveiled Tower II at Krishnagar Sentrum on National Highway – 34. Krishnagar Sentrum is a project spread over 4.5 acres. It consists of 4 premium housing towers G+13 floors covering 300,000 square feet of retail and commercial complex. The residential towers comprise of premium two & three bedroom apartments while the [...] Continue Reading »
West Bengal commerce & industries minister Partha Chatterjee has announced that work on the steel project at Salboni in West Bengal proposed by Mr Sajjan Jindal-controlled JSW Steel Ltd will restart from August. The state government is planning to sign a lease agreement with JSW. The government will ask the company to submit a fresh [...] Continue Reading »
Real estate tycoon G L Raheja won the case against industrialist Nusli Wadia as the Bombay High Court has allowed his company, Ferani Hotels, to build on land in Malad and sell the premises without any condition. Wadia, outraged by the court’s hearing, voiced that he would appeal against the order before the Supreme Court. [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) has put forward a plan to the Prime Minister to enable reforms in the real estate sector and help rejuvenate it. Home sales registrations continued to decline in the first half of 2012, although by only 3.4 per cent when compared to the same time [...] Continue Reading »
