Kolkata
Lawyers in Delhi, Mumbai, Bangalore and Kolkata have been approached by people whose dream homes remain a distant dream as real estate developers keep postponing projects and missing delivery deadlines. The Competition Commission of India (CCI) order has come as a huge boost to those looking for relief as some have decided to move the [...] Continue Reading »
India’s largest developer DLF had said that it plans to sell developed assets, including IT parks and its hotels business as well as hotel plots to raise Rs 7,000 crore over the next two years. The company reported that the money from the sale of non-core assets was Rs 165 crore in April-June quarter. The [...] Continue Reading »
West Bengal Chief Minister, Mamata Banerjee is concerned about the security in all high rise buildings and multiplexes. It is a request that the owners and the residents of those buildings install CCTV, alarm system “magic eye” and other security gadgets and follow the advice given by the police from time to time. Pointing out [...] Continue Reading »
Today real-estate projects in Gujarat have the highest quantum of super-built-up-area (SBUA) in the country, even more than some of the Tier-I cities like Delhi, Kolkata and Bangalore. Developers in the state employ the maximum SBUA, which stands at 50% of the carpet area (defined as the actual area the buyer uses) of both residential [...] Continue Reading »
International Finance Corporation (IFC) is strengthening its affordable housing team in India. Senior investment and property development managers and green specialist from its global office are expected to join the Indian arm by August. The low-cost housing initiative is currently headed by Subrata Dutta Gupta who was earlier involved in IFC’s housing finance business. It [...] Continue Reading »
Authorities said many directives to control noise pollution and other issues had been issued in the past, but most of them were not adhered to. The West Bengal Pollution Control Board (WBPCB) authorities are now preparing a policy to ensure that all its directives are complied with. “Noise pollution is a serious issue. It has [...] Continue Reading »
Companies like Wipro and Infosys were given 50 acres each during the Left Front regime at Action Area III that is an open field now – no roads, not to mention drainage and sewerage facilities and electricity. No one knows when they will get the supportive infrastructure to set up shop. The plight of the [...] Continue Reading »
Sensible economics suggests that if developers can’t sell at high prices, they should cut rates and find buyers. Anecdotal evidence suggests that many builders are selling land holdings to finance loans, rather than cut prices. This too is good, because it will bring more land back into the market, creating further pressure for property prices [...] Continue Reading »
The revenue department has proposed an amendment to the Indian Stamp Act, 1899 to capture the huge change in the Indian economy over the past century. The draft law will be taken up by the cabinet soon. The new stamp duty law worked out by the government says the benefit will lapse one year after [...] Continue Reading »
SORRBA will be celebrating Durga puja at Total Mall. Last year SORRBA (Sarjapur Outer Ring Road Bengali Association) celebrated Durga Puja in Suncity Apartments-Sarjapur and this year they will be celebrating Durga puja at Total Mall, Sarjapur on October 12 to 17, 2010. Durga Puja is an annual festival celebrated in India and the greatest [...] Continue Reading »
