EM Bypass
CRISIL (Credit Rating Information Services of India) Research has segregated the Kolkata Metropolitan Area (KMA) into 8 micro markets. The report talks about various aspects like population, major factors which impact the economy, major produces etc. Of these the CRISIL Research estimates South 24 Parganas to account for about 11 % of total fresh supply [...] Continue Reading »
The Calcutta Stock Exchange (CSE)’s proposal pertaining to the sale of its 3-acre land off EM Bypass has recently received the approval from the shareholders of the exchange. The shareholders’ approval brings the CSE a step closer to the land sale; with Sebi already having given its consent to CSE to sell the land last [...] Continue Reading »
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 »
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 »
Kolkata- It is very much understood that property prices at peripheral areas running along metro network would increase. But some of the areas which are independent of suburban railway system like Uttarpara, Konnnagar, Sonarpur, Rajpur, etc are witnessing steady rise in property prices. Suburbs like Sonarpur and Rajapur are some hours drive away from Kolkata [...] 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 »
Exorbitant land prices are pushing housing prices in Kolkata. It is not in tune with the overall slowdown in real estate market. Land prices have gone up by more than 50 per cent in many plush localities in Kolkata. The demand remains steady and hardly any new townships have come up in urban and semi-urban [...] Continue Reading »
Residential localities in East Kolkata such as Rajarhat, New Town Action Areas are becoming sought after areas for home buyers. Particularly, residential demand is generated by the middle income home buyers in the localities. Currently, average value of multi-storey apartments in eastern localities of Kolkata falls between Rs 3,500-5,500 per sq ft. The maximum demand [...] Continue Reading »
The Urban Land Ceiling Act in West Bengal is restricting the availability of large sized freehold land in the city. The real estate developers of the city are paying a premium amount for getting government auctioned land. The cost of lad was Rs 58 lakh a cottah in 2005, which has been increased to Rs [...] Continue Reading »
