Latest Realty News of West Bengal

Taxation, regulatory issues may trip REITs success: KPMG-IVCA
Sep 20, 2014
Real Estate Investment Trusts (REITs) could be a game changer for the realty sector, but lack of clarity on taxation and regulatory aspects might act as roadblocks for attracting foreign investments in the commercial space
Indians among top property buyers in Dubai
Sep 20, 2014
Indians constitute a dominating group while buying real estate in Dubai, having invested nearly AED 10.5 billion during the first half of this year
Housing prices drop as investors prefer equity over realty
Sep 20, 2014
The rapid rise in the stock market since the new government was formed has taken the sheen off real estate, where investments have not only dropped but investors are trying to monetise their existing assets, creating a scare of price correction
ED attaches Saradha properties in Malda
Sep 19, 2014
The Enforcement Directorate today attached 11 plots across Englishbazar that were acquired by the Saradha Group and put up notices saying the properties could not be claimed or dealt with without permission from the department
Housing.com may raise $30 million from Tybourne Capital, Yuri Milner
Sep 19, 2014
Property portal Housing.com is in talks to raise as much as $30 million (about Rs 180 crore) from existing and new investors including Russian venture capitalist Yuri Milner in his personal capacity and Tybourne Capital
Tata Capital Housing Fin eyes Rs 4,000-cr affordable loan book
Sep 19, 2014
Tata Capital Housing Finance is planning to grow its affordable housing loan portfolio to Rs 4,000 crore over the next three years from its present base of Rs 1,800 crore
FDI in construction likely to be eased before PM Narendra Modi's US visit
Sep 18, 2014
Ahead of Prime Minister Narendra Modi’s visit to the United States next week, the government is expected to ease norms for foreign direct investment in the construction sector
Flexible PPP pact to woo industry for smart city
Sep 18, 2014
The Narendra Modi government is working on a “flexible” PPP (public-private partnership) model and efficient urban mobility schemes such as metro and monorail as the primary peg to realise its ambitious project to develop 100 smart cities
NRIs invest over $2 billion in Indian realty in 2013 on weak rupee
Sep 18, 2014
Non-resident Indians invested over $2 billion in Indian real estate in 2013, riding on the back of a weak rupee and heightened promotions by developers to attract them at a time when domestic demand was weak
Some good news about interest rates
Sep 17, 2014
If you're interested, there is plenty of reason to cheer. State Bank of India and HDFC have brought down home loan rates while Punjab National Bank has cut retail lending rates and waived processing charges
Role Reversal: India's Growth May Surpass China's by 2016
Sep 17, 2014
China is struggling as the troubled banking system and property markets put a damper on the economy
Triumph for Robert Vadra as Delhi HC rejects PIL for CBI probe into Gurgaon land deals
Sep 16, 2014
The Delhi High Court today dismissed a PIL seeking a court-monitored CBI probe into various land deals allegedly entered into by Robert Vadra's firms
Government may form database on suppression of property sales amount
Sep 16, 2014
In an exercise aimed at checking blackmoney, economic intelligence agencies have started identifying instances where proceeds from property sale have been suppressed in a bid to defraud the government of revenue from stamp duty
Vijayawada, Vizag in Andhra Pradesh to be developed as smart cities, says Venkaiah Naidu
Sep 15, 2014
Union Urban Development Minister M Venkaiah Naidu today said Vijayawada and Visakhapatnam in Andhra Pradesh would be developed as 'smart cities'
Rajasthan Assembly to push land Bill today
Sep 15, 2014
A special session of the Rajasthan legislative Assembly has been called on Monday to pass the new Rajasthan Land Acquisition Bill and to endorse the National Judicial Appointments Commission Act
Smart Cities: Venkaiah Eyes States
Sep 13, 2014
In a bid to expedite the process of identifying 100 smart cities and then developing it, Union Urban Development Minister M Venkaiah Naidu on Friday said the state governments have to take the lead, with the Centre playing only a supporting role
Arunachal Seeks Three Smart Cities in the State
Sep 13, 2014
Arunachal Pradesh has requested the Union Urban Development Minister M Venkaiah Naidu to set up three smart cities in the state
NRI investments in realty sector may rise 35% this yr: Survey
Sep 13, 2014
Property developers are expecting a 35 per cent surge in real estate enquiries from NRIs, with Bangalore turning out to be the hot favourite, says an Assocham survey
LIC Housing Fin to focus on mortgages
Sep 13, 2014
LIC Housing Finance Ltd, promoted by the Life Insurance Corporation of India, is targeting to reduce its borrowings from the banks and focus more loan against properties (LAP)
Nod for insurers to buy infra bonds
Sep 13, 2014
Insurance Regulatory and Development Authority (Irda) has allowed insurers to invest in Long Term Bonds for financing infrastructure and affordable housing issued by banks
HC stays hammer on building
Sep 12, 2014
The high court on Thursday issued an interim order restraining a real estate company from demolishing a house at 3/1 Sunny Park, a 72-cottah plot where a 27-storey building has been planned
Deb land scam finger at Left Front
Sep 12, 2014
Minister Gautam Deb today alleged that the erstwhile Left Front government had given land to a private realty firm at a rate less than the prevailing market price in 2003 and officials of the Siliguri Jalpaiguri Development Authority were involved in the deal
Govt set to give SEZs a fresh lease of life
Sep 11, 2014
India’s special economic zones (SEZs), stranded for want of state patronage over the past three to four years and which have plunged into a crisis, are likely to regain ground
Don't rush to switch banks for lower home loan rate, advise experts
Sep 10, 2014
Despite some large banks and housing finance companies reducing home loan rates a few days ago, industry-observers and planners are advising borrowers to adopt a wait-and-watch approach instead of hurriedly switching lenders.
Singapore firms offer green buildings for Vijayawada
Sep 08, 2014
With the Andhra Pradesh government announcing its capital city, all eyes are now on the Vijayawada, Guntur, Tenali and Mangalagiri (VGTM) region. Singapore builders are thronging the area to forge tie-ups with local firms to erect pre-cast green buildings for fast-paced development

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