Latest Realty News of West Bengal

Trio-arrested-for-faking-e-signature
Sep 12, 2015
MUMBAI: Three persons from Delhi and Pune were arrested on Thursday for forging digital signatures and presenting themselves as a company's directors on the Ministry of Corporate Affairs (MCA) website. The signatory details of the directors were suddenly changed in March and three new persons were fraudulently shown as directors.
Noida-rushes-to-monitor-water-use-after-NGT-rap
Sep 10, 2015
NOIDA: Following a rap from the National Green Tribunal (NGT) for their failure to restrain builders from extracting groundwater, the Noida and Greater Noida Authorities have swung into action.
Green-Tribunal-order-on-housing-puts-developers-in-a-bind
Sep 09, 2015
The National Green Tribunal on Tuesday made it mandatory for developers to get environmental clearance for projects above 20,000 sq m.
LIC-Housing-Finance-to-raise-up-to-Rs-47,000-crore
Sep 08, 2015
LIC Housing Finance Ltd (LHFL) today said it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis
Affordable-housing:-Sector-may-get-infra-tag-if-Realty-Bill-gets-passed
Sep 08, 2015
Affordable housing might stand a chance to get the much-sought-after infrastructure tag provided the Union government passes the Bill to regulate the realty sector.
Unsold-inventory-may-force-realtors-to-cut-prices-in-NCR-
Sep 08, 2015
NEW DELHI: A slump in home sales has pushed builders' inventory to 'unsustainable levels' in the National Capital Region of Delhi, creating conditions for a real price correction that developers have so far avoided, experts say.
Residents-urge-PM-to-clear-real-estate-bill-soon
Sep 08, 2015
NOIDA: The Confederation of NCR Residents Welfare Associations (CONRWA) has once again urged Prime Minister Narendra Modi for the quick passage of the real estate regulatory bill.
Three-new-cases-against-Vigneshwara
Sep 07, 2015
GURGAON: Three police cases were filed on Sunday against Vigneshwara Developers at Sushant Lok I police station.
Real-estate-agents-now-a-part-of-Central-Advisory-Council-
Sep 01, 2015
MUMBAI: The central government, through a crucial amendment, has included real estate agents in the Central Advisory Council that will help the government understand issues related to the real estate sector.
Weak-sales,-stagnant-prices-pose-challenge-for-realty-companies:-Moody's-
Sep 01, 2015
NEW DELHI: Weak housing sales and stagnant prices will pose challenge to big real estate developers over the next 12 months as their cash flows and project execution capabilities get affected, ratings agency Moody's said.
Kolkata-based-BGA-Realtors-plans-cheap-housing-in-6-states
Aug 29, 2015
KOLKATA: Kolkata based BGA Realtors is looking to build 1.5 million sq ft of affordable housing space across Gujarat, Madhya Pradesh, Assam Jharkhand, Bihar and Andhra Pradesh said a top company of ficial.
Govt-announces-98-Smart-Cities,Venkaiah-Naidu-terms-them-‘safe-investments-for-pvt-firms’
Aug 28, 2015
The union government on Thursday released the list of 98 cities that will be developed under the Smart Cities mission. These cities together have a population of 13 crore, accounting for 35 per cent of India’s urban population.
Bandaru-miffed-with-'illegal'-building
Aug 28, 2015
HYDERABAD: Until now it was only the common man who was irked by the illegal construction of buildings. The issue has now starting to give sleepless nights to even the Union ministers.
Construction-slowdown-hits-PM-Modi's-jobs-promise
Aug 28, 2015
NOIDA: After a decade labouring on building sites around New Delhi Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests.
Mumbai-set-to-have-India's-tallest-commercial-building-
Aug 27, 2015
NEW DELHI: India's tallest commercial building is set to come up in Mumbai, with the Nitin Gadkari-led Ministry of Shipping proposing to construct a towering 'business district' on Mumbai Port Trust land to monetise the asset and ease the space crunch in the country's financial capital. "It will be a 130-storey building and will house mostly offices along with other amenities. We are working on the plan and it's still in initial stages," Gadkari told ET.
Commercial-real-estate-up,-residential-down-across-major-Indian-cities,-says-report
Aug 26, 2015
MUMBAI: Average transacted office lease sizes across Mumbai, Bangalore, Chennai and Pune have increased from the uncertain times seen in 1Q14 - prior to the general elections, global property consultant JLL India said on Tuesday. "Market morale was low in 1Q14, which could explain the lower sizes. Following elections in May 2014, however, market sentiment improved gradually, while Mumbai, for example, witnessed 65% appreciation in average deal sizes between 2Q14 and 2Q15," it said.
Reghupathi-commission-recommends-payment-of-compensation-to-apartment-buyers
Aug 26, 2015
CHENNAI: Justice R Reghupathi commission of inquiry that probed collapse of an 11-storey building at Moulivakkam last year said the other surviving building at the site resembled the ill-fated block "in terms of all short-falls and deviations that contributed to the mishap". The soil is loose, sandy and watery and pile foundations were not laid for a depth of 18 metres. On the reason for the collapse of the building, the report said it was built primarily with a raft foundation and pillars were
Affordable-Homes-Offer-$11.8-Bn-Opportunity-for-Builders:-C&W
Aug 25, 2015
New Delhi: Affordable home segment presents a business opportunity worth $11.8 billion for developers across seven major cities of the country, according to property consultant Cushman & Wakefield.
CREDAI-to-seek-govt’s-aid-in-boosting-real-estate
Aug 24, 2015
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI), Nashik will seek the government to reduce taxes and speed up the building plan approval and environment clearance process to make housing affordable, in the backdrop of RBI governor Raghuram Rajan advising builders to reduce rates of unsold flats the real estate sector.
Credai-questions-govt’s-‘lack-of-interest’
Aug 22, 2015
Panaji: Pointing out that the government collected approximately 216 crore as infrastructure tax from 2009 to 2015, CREDAI - Goa questioned the government's lack of interest in providing necessary infrastructure like road, water, sewerage and electricity connections to housing and commercial projects. The real estate developer's body also urged the government to implement Regional Plan 2021 in order to avoid confusion in the minds of consumers and real estate developers.
No-room-to-reduce-housing-prices:-CREDAI
Aug 22, 2015
NEW DELHI: A day after RBI governor Raghuram Rajan advised builders stuck with unsold inventories to cut rates, realtors' body CREDAI on Friday said there is no scope to reduce housing prices and demanded that interest rates on home loans as well as taxes should be reduced to boost demand.
Teaser-Loans-Again?-SBI-Asks-Reserve-Bank-to-Allow-Sub-Base-Rate-Loans
Aug 21, 2015
Mumbai: Piling inventory levels of real estate players in the country on Thursday brought the controversial 'teaser loans' back into focus, with State Bank of India asking the Reserve Bank of India to allow lenders to sell loans below the base rates.
Doon’s-famous-tea-gardens-waiting-for-real-estate-takeover
Aug 21, 2015
DEHRADUN: An estimated 1,500 hectares of prime land housing tea gardens - many of which were planted by the British in the city - is lying neglected with the tea plantations there barely able to produce tea of substantial quantity.
Belagavi-CREDAI-to-host-'Statecon-2015'
Aug 21, 2015
BELAGAVI: Belagavi unit of confederation of real estate developers association of India (CREDAI) will be hosting 'Statecon-2015', an annual state level convention of CREDAI, Karnataka this time in city on September 2nd and 3rd. Union urban development minister Venkaiah Naidu will inaugurate the event.
Over-55,000-Home-Buyers-to-Get-Possession-of-Flats-in-Noida
Aug 20, 2015
New Delhi: Over 55,000 home buyers will now get possession of their flats in Noida as the government issued the final notification demarcating the Eco Sensitive Zone (ESZ) around Okhla bird sanctuary, realtors' apex body CREDAI said on Wednesday.

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