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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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Foreign realtors eye more growth room
Source: The Economic Times Jul 02, 2016
Anticipating a steady revival in the residential real estate market that suffered sluggish growth earlier, several global investors from Japan and Dutch are in talks to buy stakes in residential property ventures. The implementation of the the Real Estate Regulatory Act and lowering of interest rates by the RBI have infused renewed positive sentiment in the market, which will ultimately result in boosting demand for residential realty assets, say property consultants. ... more
7th pay commission could work well for real estate
Source: The Times of India Jul 01, 2016
The impact of the 7th Pay Commission recommendations symbolizes the growing economy and I believe housing sector will be the biggest beneficiaries among all. Sudden rise in income and expenditure capacity of government employees may move towards real estate investment. The recommendations are likely to be involved in stimulating the demand of realty sector not only in metro but also in tier 2 & 3 cities too where property buyers are more demanding. ... more
Developers agree with HDFC Chairman Deepak Parekh; PEs say they are best suited
Source: Business Standard Jun 28, 2016
While developers agreed with HDFC Chairman Deepak Parekh’s call to allow banks and housing finance companies to fund purchase of land, private equity managers say they are best suited for the job. ... more
The shorter the tenure, the better for a borrower
Source: The Times of India Jun 18, 2016
Some adept financial planning will help you decide on the right amount to borrow, and repay your home loan at the minimum interest cost. Neeti Trivedi, a certified finance planner, has some tips for prospective borrowers. ... more
Refresh your home with a garden indoor
Source: The Times of India Jun 18, 2016
Plants can cool the surroundings and bring a touch of fresh greenery into the home. You may try the fanciest of lighting arrangements to brighten up your home, or may get the most expensive and classy sofa sets to decorate your living room, but nothing can match the cool, green effect of indoor plants. A tinge of greenery not only adds welcome colour to the drab city abode, but is an essential factor in today's polluted atmosphere. ... more
Pie in the sky
Source: Financial Chronicle May 26, 2016
Building castles in the air may not be good or even practical, but putting up a pleasant walkway in the air along the skyline, is. Aptly christened, a skywalk is an elevated, usually enclosed, walkway between buildings. ... more
New Town gets included in smart cities list
Source: The Times of India May 26, 2016
The Centre has officially included New Town, Kolkata among 13 other towns across the country in the Smart City scheme. New Town becomes the only township from West Bengal till now to get included in the scheme. ... more
Ideas to enhance table top decor
Source: The Times of India May 26, 2016
Tabletops have always been important elements of home decor that make a statement about your style and creativity. Stone is the most durable tabletop option these days. Stone can be used to fashion many exquisite objects such as statues, boxes, bowls, paperweights and picture frames that can beautify a space. There are various interesting types and textures to choose from. The Sadarahalli stone makes for a great tabletop. It has a rough surface that lends it a traditional look. Depending on the type of stone, carvings are done on it to create objects of art. The centre table can have either a small tabletop fountain if it has a glass top or brass artefacts if it is a traditional wood one. You can also have a small flat bowl in the centre with floating candles or coloured stones and a contemporary style vase with fresh flowers in white or yellow. This will work well with a contemporary decor theme. ... more
Are you in your 30s & planning to buy a property?
Source: The Times of India May 26, 2016
Are you contemplating on investing in real estate this year? Have you been playing with the thought for some time now? ... more
Mall stock of 39 million sq ft eligible for REIT investment in India: Report
Source: The Hindu Business Line May 26, 2016
Mall stock of 39 million sq ft is eligible for REIT investment in India, says Cushman & Wakefield. ... more
Dulux launches weathershield paint
Source: The Hindu Business Line May 26, 2016
Dulux has launched Dulux Professional Weathershield Express paint. ... more
Commercial real estate offers investment opportunity worth $43-54 billion: Report
Source: The Hindu Business Line May 26, 2016
Indian commercial real estate offers investment opportunity worth $43-54 billion (Rs 2.88 lakh crore – Rs. 3.60 lakh crore) across top eight cities - Bengaluru, New Delhi NCR, Mumbai, Pune, Chennai, Hyderabad, Ahmedabad and Kolkata via REIT-eligible ready stocks as per RICS and Cushman & Wakefield report entitled 'Commercial Real Estate: Steering Growth in Indian Cities'. ... more
Soon, a CoE for sustainable habitats
Source: The Times of India May 24, 2016
The Energy and Resources Institute (TERI) and Mahindra Lifespaces today announced the creation of a Center of Excellence (CoE) focused on improving energy efficiency in India’s residential buildings sector. The ‘Mahindra TERI CoE for Sustainable Habitats’ – as this Center will be known - will evaluate both traditional and innovative technologies and alternative materials customised for the Indian buildings sector and climate zones. The Center will bring the much needed informed validated knowledge about better performing materials and ways to use the ample daylight available, that will greatly help to mainstream greener buildings in the country. ... more
Govt to mop up Rs 60k crore by leasing roads to private companies
Source: The Financial Express May 23, 2016
The government has drawn up a plan to raise up to Rs 60,000 crore, over the next six months, by offering as many as 104 existing tollable projects in the state sector on lease to private players including global funds with patient capital. This is one of the innovative routes it is exploring to mobilise additional resources to fund the construction of highways. The construction target for the current year has been set at 15,000-km more than two and a half times achieved last year. ... more
Centre paves way to fund roads, ports
Source: The Financial Express May 04, 2016
The government is setting up a dedicated funding agency in the state sector for highways and ports. The move, road transport and highways minister Nitin Gadkari told FE, is in view of the Rs 25-lakh-crore investments envisaged in these two infrastructure sectors in the medium term. The new institution, on the lines of Power Finance Corporation, which is committed to electricity generation and transmission projects, would be set up with an initial equity capital of R500 crore, the minister said. ... more
Sentiment scores bounce back: FICCI- Knight Frank
Source: The Times of India May 03, 2016
"After a lull of five quarters, the overall sentiment has experienced a sharp uptick at the back of the Union Budget’s focus on real estate and infrastructure. ... more
Real Estate Act comes into force from May
Source: The Times of India May 03, 2016
The much awaited and widely acclaimed Real Estate (Regulation and Development) Act, 2016 comes into force from May 1, 2016 setting in motion the process of making necessary operational rules and creation of institutional infrastructure for protecting the interests of consumers and promoting the growth of real estate sector in an environment of trust, confidence, credible transactions and efficient and time bound execution of projects. ... more
Measuring household well-being
Source: The Financial Express Apr 29, 2016
The most important monetary measures of well-being, among others, are household income, expenditure and saving. Yet we have very little reliable data on such indicators. In view of this, ICE 360° surveys have been instrumental in building and disseminating high-quality, interconnected, reliable and up-to-date data to capture the ground realities of households, on how the country earns, spends, saves, lives, thinks, accesses public goods, and on inclusion, employment and infrastructure. We have attempted to understand dimensions of well-being using income, consumption and saving as composite indicators available from ICE 360° surveys, 2014. ... more
Real Estate: Invest in home and save tax
Source: The Financial Express Apr 29, 2016
Every Indian desires owning a home. It is triggered by not only the capital appreciation expected in the years to come and the steady rental income, but also the satisfaction that comes with owning a house. ... more
ITNL in advanced talks to sell two road assets
Source: Livemint Apr 29, 2016
IL&FS Transportation Networks Ltd (ITNL) is in advanced talks with US-based infrastructure investment manager I Squared Capital for the sale of a majority stake in two of its annuity-based road assets, two people familiar with the matter said. The two separate deals are likely to be closed over the next two quarters, they said. ... more
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