Real estate in Kolkata
A Kolkata-based group of real estate developers named as Bengal Abasan Builders are planning to invest nearly Rs 800 crore to build around 1,600 flats in Kalikapur. This group is the part of city-based Urban Abasan Group. The projects name is ‘Urban Sabujayan’ which will be developed in two phases over the 22 acre area. [...] 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 »
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 »
If you are planning to buy a house in metro cities then you have to wait for years to manage the downpayment but relatively in cities like Hyderabad and Pune the price of flats or rental values are affordable. In comparison, Bangalore is the third most affordable city to rent and fourth affordable city to [...] Continue Reading »
Real estate advisory firm Knight Frank, in its latest report, has mentioned that despite a dip in the number of new launches in Kolkata’s residential market last fiscal, it has not affected demand for the affordable and mid-segment housing. Kolkata’s residential market is expected to remain stable for the coming quarters of 2012-13. There has [...] 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 »
Salt Lake Sector V in Kolkata has emerged as a mini Silicon Valley that generates export revenue worth more than Rs 7,000 crore. And Bidhannagar area of Salt Lake is the auxiliary township provided homes to more than a couple of million people. It is reported that there have been around 55 office space transactions [...] Continue Reading »
Buyers of row bungalows in Kolkata West International City (KWIC) have decided to go an agitation demanding timely completion of project and delivery of apartments in Kolkata. KWIC was the first FDI in real estate in India. The project was started in 2005 along the Kona Expressway, nearly 15 kms from the city. At the [...] 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 »
Two laborers were killed and two seriously injured after a portion of a four-storey building at Rashbehari Avenue in south Kolkata collapsed. The Kolkata Municipality has informed that the portion that collapsed was constructed illegally. The Municipality also said that the owner of that property in Kolkata has extended the original single-storey building into a [...] Continue Reading »
