Real estate in Kolkata
The West Bengal Government has legalized the sale of housing land in the satellite township of Salt Lake on the eastern fringes of the city. According to the legalization plan, the leasehold plots will be made into freehold ones following the payment of a transfer fee of Rs 5 lakh a cottah. The decision will [...] Continue Reading »
Bata India Ltd has exited its real estate joint venture project at Bata Nagar in the southern fringes of Kolkata. In a joint venture with Calcutta Metropolitan Group, Bata India was constructing an integrated township project in Kolkata. The Managing Director of Bata India has confirmed that the project will be run by the partners [...] Continue Reading »
New Town is appearing as the latest commercial hub of Kolkata. As the demand for office space is increasing by the IT industry and several expansions of secondary and tertiary industries increasing in Kolkata, New Town is coming up as the destination of the real estate projects in Kolkata. It is noticed that commercial transaction [...] Continue Reading »
The Kolkata Metropolitan Development Authority (KMDA) has denied about any irregularities in providing completion certificates to the residential units in Kolkata developed at the Kolkata West International City (KWIC) project. KWIC has constructed an Rs 6,000-crore satellite township on 390 acres of prime land at Salap on NH-6. According to the development proposal 800 row [...] Continue Reading »
Bidhannagar Municipality will start building the Rabindra Bhavan very soon. The municipality has allocated the plot for the construction. The building is to be located at Salt Lake’s FE Block adjoining Central Park and the residents of Bidhannagar municipality will be benefited by the Rabindra Bhavan The complex will be a three- or four-storied project [...] Continue Reading »
Real estate developer Godrej Properties announced that they will be developing about 1.36 acre of land for a residential complex in the posh area of Alipore in Kolkata. Like other Godrej Properties projects, this project will be done on a joint venture basis. Godrej Properties is expecting to launch the project in January, 2013 and [...] Continue Reading »
A group of dawdlers shots fire in the air at an under construction apartment in Howrah, West Bengal. According to police sources, the group came for collecting the developer’s information and they fired in the air to scare the labourers. However, there was no injury reported on the spot. The builder also complained that he [...] Continue Reading »
It has been a bumpy ride for the real estate in Kolkata this year. The realty 2011 did not reach the expectations of the investors and developers instead a major drop down was witnessed. This realty scenario has dropped down the investor’s level of confidence. However, the investors and developers are now looking forward for [...] Continue Reading »
