Kolkata
Real estate continues to remain top option for Indian investors. Capital appreciation, rent and protection from inflation drive real estate investment and citizens go for second property for all these advantages. A recently conducted survey in Delhi/NCR, Mumbai, Bangalore, Hyderabad, Chennai, Ahmedabad, Kolkata, Pune, Chandigarh, Kochi, Coimbatore and Jaipur shows that out of 1,430 respondents, [...] Continue Reading »
The residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. The prices of residential properties in 16 cities have shown an increasing trend in [...] Continue Reading »
Bidhannagar Municipality is all set to restart the process of collecting property tax in Kolkata. The civic body had started collecting taxes in March, but the tax collection process had to be stalled a couple of weeks later after some confusion over tax calculation came out. Now the officials have declared that they are to [...] Continue Reading »
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 »
The US government has hired property consultancy Knight Frank to carry out a valuation and review of all its real estate properties in India. The properties, valued at thousands of crores, were acquired over the years at low rates and the recent move may indicate possible sale of some assets in the future. The properties [...] 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 »
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 »
