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Indian Real Estate News : Kolkata
Kolkata, a major metropolitan city of India, has been known as the commercial capital of Eastern India as it is the only IT hub in that region. The city accommodates more than 15 million people in an area of 185 km2 (71 sq mi) ... more
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Bengal emphasises on developing new tier II & III townships
Source: The Economic Times Sep 30, 2016
West Bengal government emphasised on new smaller townships in the state but so far its proposed theme cities had failed to attract bidders for development in PPP model. ... more
Kolkata sees 15-20% rise in the commercial realty deals in 2 months on govt push
Source: The Economic Times Sep 26, 2016
Only 5% of the 0.3 million square feet of new inventory in mall space is lying vacant in Kolkata Chief Minister Mamata Banerjee's calls to set up businesses in the state seem to have started getting responses with commercial space deals clocking a 15-20% rise in number in the last two>
The biggest deal in the commercial realty space was Fosma's 30,000-sq realty space was Fosma's 30,000-sqft space in Salt>
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Kemia plans Lotus Phase II in Kolkata
Source: Financial Chronicle Sep 22, 2016
The project will come up in the midst of lush green, pollution free and currently one of the most sought after realty destinations ... more
Brick and mortar giving a spin to retail sector
Source: Financial Chronicle Sep 22, 2016
There are many benefits that B&M businesses or business components have over purely internet-based services ... more
10,000 takers for Prime Minister's Awas Yojana in Agra, but admin has no land yet
Source: The Economic Times Sep 20, 2016
The central government in collaboration with the state government is working on the 'Pradhan Mantri Awas Yojana - Housing For All' scheme in the city. Around 10,000 people have already applied for affordable housing under it. However, the authorities have no idea where and on what area of land these houses are to be developed. The District Urban Development Agency (DUDA) which is responsible for implementation of the scheme here has no available plot for it. ... more
Indiabulls Housing Finance raises 7,000 crore via bonds
Source: The Economic Times Sep 17, 2016
Top-rated Indiabulls Housing Finance has foreclosed its public bond sales on Friday, the second day since its opening as institutions rushed to buy the securities amid falling interest rates. But, the issue fell short of attracting retail investments in full as over three-fourths of the limit for retail section remained unsubscribed till its close. The company received bids for 505.33 crore against 2,100 crore allotted. For institutions, it saw an oversubscription up to 4,605 crore versus 1,400 crore, earmarked for the specific class of investors. ... more
Sebi to auction Tower Infotech's properties next month
Source: The Economic Times Sep 17, 2016
To collect funds for repayment to investors, markets regulator Sebi will next month conduct an auction of three properties of West Bengal-based Tower Infotech Ltd, which had garnered money through illegal pooling schemes. ... more
Government notifies Council for Goods and Service Tax
Source: The Economic Times Sep 17, 2016
Government has formally notified the GST Council, which will decide on the tax rate, exempted goods and the threshold under the new taxation regime. ... more
CM to inaugurate CREDAI’s ECGC conclave
Source: The Times of India Sep 16, 2016
CREDAI Pune Metro is organizing the biggest Executive Meeting & Governing Council (ECGC) Conclave on 16 & 17th Sept 2016 at Hotel Westin. The Chief Minister of Maharashtra Devendra Fadanvis will inaugurate and Guardian Minister of Pune Girish Bapat will preside over. ... more
Mount Hill Realty ties up with Indiabulls Distribution
Source: The Times of India Sep 15, 2016
MountHill Realty ties up with Indiabulls Distribution as its marketing partner to sell approx. 1600 apartments and creates another milestone; the MountHill Family continues to grow in strength; over 100 units sold in 2 months of association! ... more
Ponneri - A promising point
Source: The Times of India Sep 13, 2016
Ponneri is an important destination in the property sector with increased employment opportunities around it. ... more
Zooming in - Working it out wisely
Source: The Times of India Sep 13, 2016
Investors are keen on both, rental returns and sale proceeds. Here's what will help you read the market better. ... more
City lights
Source: The Times of India Sep 13, 2016
Buyers need not consider only remote areas to purchase a reasonably priced apartment, they can search for options in the city. ... more
Pet pals
Source: The Times of India Sep 13, 2016
Homes where pets are as much a part of the family as anyone else, design and functionality tend to come together in a way that works for the human members just as well as for the animals. ... more
Tata Steel declared global industry leader in steel sector
Source: The Economic Times Sep 12, 2016
Tata Steel has been declared as the global industry leader in the steel sector by the Dow Jones Sustainability Index (DJSI) assessment for the year 2016 out of a list of more than 20 global steel majors who participated in the DJSI assessment. Tata Steel scored 81% in the assessment, an improvement from last year's score of 80%. ... more
Want to build a sustainable house? Opt for a mud hut
Source: The Times of India Sep 09, 2016
Traditional mud huts make for beautiful imagery in rural landscape. But very few actually exist. What's more, there are just a handful of people who know how to build them. Those who live in handmade mud huts are the poorest in the village. The government too does not recognise them as houses and will not provide loans to construct or rebuild such "kachcha" structures, irrespective of the fact that these are most sustainable. ... more
Brookfield set to buy majority stake in Reliance Communication towers; Anil Ambani to stay on as minority partner
Source: The Economic Times Sep 09, 2016
Brookfield, the world's 2nd biggest manager of alternative assets like real estate and private equity from Canada, is closing in to buy a majority stake in Anil Ambani's telecom tower business, said sources aware of the developments. ... more
Smart windows for smart living
Source: The Times of India Sep 07, 2016
With the advent of new technology, many are opening up to the idea of incorporating automation in their homes, making it a regular feature. ... more
Launching new projects
Source: The Times of India Sep 07, 2016
The total number of affordable housing launches in the country has increased by 17 percent. Chennai sees highest number of launches in the mid-housing segment though. ... more
A tale of one city
Source: Financial Chronicle Sep 05, 2016
There have been very few planned state capitals in independent India—only three at the turn of the century. Even though the three state capitals were mainly planned to house government offices and residential quarters for government employees, over the years they have been able to attract attention from private players, emerging as some of the fastest growing cities/urban agglomerations within the country. ... more
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