Latest Realty News of West Bengal

Cabinet-approves-'Housing-For-All-by-2022'-scheme
Jun 17, 2015
New Delhi: The union cabinet on Wednesday approved the launch of 'Housing for All by 2022' programme, aimed at rehabilitation of slum dwellers and promotion of affordable housing for the economically weaker sections (EWS) through credit-linked subsidy.
Venkaiah-Naidu:-Land-bill-amendment-crucial-for-housing-sector-
Jun 12, 2015
The proposed amendment to the Land Acquisition Act is crucial for creating two crore affordable houses in urban areas by 2022 under the government’s new ‘Housing for All’ mission, Union Minister for Housing & Urban Poverty Alleviation M Venkaiah Naidu said.
'Housing-for-All’-mission:-New-slum-rehab-policy-to-take-tips-from-Gujarat,-Mumbai-models
Jun 12, 2015
NDA government’s proposed ‘Housing For All’ mission will pave way for private developers to leverage public land in order to redevelop slums in-situ. The proposed policy of using land as a resource will signal a major shift from the UPA government’s state-funded slum rehabilitation scheme Rajiv Awas Yojana.
Indian-Property-Show-Starts-in-Dubai
Jun 11, 2015
DUBAI: Properties by over 150 real estate developers from India will be presented at the Indian Property Show which will showcase over 17,000 potential investors in Dubai.
Chinese-realty-major-looks-to-invest-US-$5-billion-in-India
Jun 11, 2015
China's realty major Dalian Wanda group is looking to invest at least US $5 billion in developing industrial townships in India and is in talks with firms like DLF for partnership.
Small-housing-finance-companies-yet-to-lower-lending-rates
Jun 09, 2015
KOLKATA: Although the Reserve Bank of India is pushing lenders to make loans cheaper, a huge number of home loan applicants, who borrowed money from smaller housing finance companies, are yet to get the benefit of softer monetary policy.
Pension-Fund-Regulatory-and-Development-Authority-allows-pension-funds-to-invest-in-realty-sector-
Jun 07, 2015
NEW DELHI: The pensions regulator has opened the doors of long-term retirement funds to the real estate sector, allowing the pension funds to invest up to 5% of their corpus in regulated real estate investment trusts.
Rahul-Gandhi-reaches-out-to-home-buyers,-discusses-real-estate-bill
Jun 07, 2015
Kolkata: Congress vice president Rahul Gandhi on Saturday reached out to home buyers here to discuss concerns about the Real Estate Regulation Authority Bill which he says has "loopholes".
Fresh-tax-on-unsold-flats-to-force-developers-to-release-inventory
Jun 06, 2015
In a bid to arrest hoarding of residential flats by developers and increase supply across the country, the income-tax department has decided to tax realtors on estimated annual rentals. The tax could be anywhere between 15% and 20%. The move is as per the central action plan for 2015-16, under which the I-T department can levy tax on any unsold flat by treating it as 'income from house property' under Section 43-CA of the I-T Act, 1961.
E-commerce,-start-ups-accelerating-office-space-demand
Jun 05, 2015
The IT and ITeS companies’ capacity expansion plans, the country’s office space market seems to be regaining lost steam. With a major chunk of total absorption of Grade A office space being notched up by the technology sector, in the January-March quarter, commercial realty market is getting ready to make the most of it.
SBI-to-e-auction-distressed-properties-on-June-12
Jun 05, 2015
Country’s largest lender State Bank of India on Friday said it will be selling its distressed assets through an online auction on June 12.
Housing-sales-improving;-full-recovery-in-next-fiscal:-CREDAI-
Jun 04, 2015
NEW DELHI: Housing sales have started showing signs of improvement but full recovery is expected only in the next financial year, realtors' apex body CREDAI said today.
Realty-firms-expect-a-spur-in-housing-demand-following-RBI's-rate-cut-
Jun 03, 2015
NEW DELHI: The Reserve Bank's decision to cut key interest rates is likely to reduce borrowing cost for both home buyers as well as developers leading to increase in housing demand, realty firms and consultants said today.
RBI-cuts-repo-rate-by-25-basis-points,-EMIs-likely-to-go-down
Jun 02, 2015
MUMBAI: The Reserve Bank Of India (RBI) cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest.
UAE-real-estate-firm-eyeing-Smart-City-projects-in-India
Jun 01, 2015
DUBAI: An Abu Dhabi-based real estate company has formed a strategic partnership with an Indian construction firm to establish 'Smart City' projects in India.
CII-pilot-smart-city-projects-in-Maharashtra,-AP-and-Punjab
May 21, 2015
KOLKATA: The Confederation of Indian Industry (CII) mentored three smart city pilot projects
Now-South-Korea-offers-$10-billion-for-smart-cities
May 19, 2015
SEOUL: South Korea offered to provide $10 billion for infrastructure projects in India, including smart cities and railways
Survey-to-check-buildings-raised-beyond-limit-in-Darjeeling
May 14, 2015
DARJEELING : Survey to check any violation of rules in construction of highrises post Nepal earthquake
Property-prices-rise-10%-CAGR-in-4-years
May 14, 2015
The housing market has witnessed an upward trend in prices in the past 19 quarters, according to Reserve Bank of India’s (RBI) all-India Residential Property Price Index
No-compromise-on-land-Bill:-Mamata
May 12, 2015
Kolkata: There would be no compromise on the Centre's land acquisition Bill, West Bengal Chief Minister Mamata Banerjee said
Smart-city-plan-for-New-Town
May 11, 2015
KOLKATA: The state government has handed over a concept plan to develop Rajarhat New Town as a smart green city
Cabinet-relaxes-rules-for-foreign-investment-in-real-estate
May 07, 2015
NEW DELHI: Cabinet relaxed rules to allow foreign funds to invest in real estate investment trusts (REITs),
India-for-deeper-engagement-of-ADB-for-smart-cities,-railways
May 05, 2015
New Delhi: Finance Minister Arun Jaitley sought "deeper engagement" of the Asian Development Bank (ADB) for development of smart cities
Govt-eases-MAT-rules-for-REITs-and-InvITs
May 02, 2015
NEW DELHI: The government provided some relief to foreign investors
Union-Cabinet-gives-nod-to-100-smart-city-projects
Apr 29, 2015
New Delhi: The Union Cabinet cleared two proposals on Wednesday-one for 100 smart city projects and another for old housing projects initiated by the previous government

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