Latest Realty News

Rajarhat-comes-closer-to-middle-class,-50%-price-slump-in-fortnight
Sep 25, 2015
KOLKATA: Have properties in Rajarhat-Newtown suddenly become more affordable? With properties at Rs 2,600-3,500 per square feet being advertised with unfailingly regularity over the past two weeks, a decent 1,200-square feet three-bedroom apartment in a Rajarhat multi-housing complex suddenly appears more within reach at Rs 35 lakh, compared to the Rs 60-70 lakh months ago.
Fewer-new-housing-launches-in-kolkata,-sale-lowest-among-top-eight-cities
Aug 04, 2015
KOLKATA: The realty boom that kept Bengal's economy churning has switched to reverse gear. Not only has new launches dipped, but sale of apartments is also the lowest among the top eight cities.
Another blow for Kolkata real estate
Jul 07, 2014
KOLKATA: Keppel Land, a Singapore-based real estate firm that invested in Bengal's booming real estate sector just before trouble erupted over land acquisition in Singur and Nandigram in mid-2006, exited the state on Tuesday after being frustrated by lack of growth options and surmounting local complications. A consortium of local developers have grabbed the rare opportunity of a land parcel in New Town and struck the deal for Rs 150 crore.
ED conducts searches against real estate firm of West Bengal
May 26, 2014
KOLKATA: The Enforcement Directorate (ED) today conducted searches at the premises of the Rose Valley group in Kolkata in connection with a money laundering case against the real estate firm for allegedly raising illegal funds.
Bangladeshi realtor dies within hours of liposuction in Kolkata
Apr 11, 2014
KOLKATA: Janab Safiuddin Mahmud, a Bangladeshi real estate developer died in a Kolkata hotel on Thursday just hours after he underwent liposuction at one of south Kolkata's private hospitals.
Murder accused lynched
Apr 05, 2014
KOLKATA: A real estate agent operating from Sodepur area was murdered by two miscreants near his house on Tuesday night.
HMC announces partial waiver of property tax
Mar 06, 2014
KOLKATA: With an eye on boosting revenue, the Howrah Municipal Corporation announced a partial waiver for property and commercial tax on March 4. Under the waiver scheme, no penalty or interest need to be paid.
Kolkata forays into residential green-building league
Mar 01, 2014
KOLKATA: The city finally has a couple of environment-friendly residential apartments to feel proud of. The premium projects – Astitva by Primarc and MCK groups and Platinum by Godrej Properties – join the elite league of over 250 such projects countrywide, including a slew of projects in the National Capital Region, Mumbai, Bangalore, Chennai and Hyderabad.
Primarc invests Rs 300 crin Bengal real estates
Feb 28, 2014
KOLKATA: Primarc Group, which runs the ‘Crossword’ franchisee in West Bengal, has invested nearly Rs 300 crore in real estate projects in the State.
Lenders may revaluation mortgaged assets of to Zoom Developers
Feb 05, 2014
KOLKATA: Lenders to Mumbai-based Zoom Developers may go for a revaluation of the mortgaged assets that were put on the block since they failed to sell them to recover part of the Rs 3,000-crore outstanding loans.
'Teen Patti', drawing on real estate card game
Jan 29, 2014
KOLKATA: In a change of the theme of the Bollywood caper, which had featured the Big B and Ben Kingsley, the Bengali Teen Patti is quintessentially Kolkatan, as a crimer thriller starring the new Tolly heartthrob Ritwik and Puja Bose.
Govt tweaks rule to help co-op flat owners
Jan 28, 2014
KOLKATA: This may bring cheer to people like Sushil Das who own yet-to-be-registered flats in cooperative housing societies. The housing society where Das lives in Rajarhat set up 10 flats in 2006 measuring 1,000 sq ft each. The cost of each unit was only Rs 10 lakh then. But with the flat's current valuation shooting above Rs 30 lakh, Das, who is retired man, could not afford to pay the sky-high registration fee. But thanks to the Mamata Banerjee government's tweak in registration rules, now Da
Valuation of built-up space for houses & offices corrected in Salt Lake area of West Bengal
Jan 26, 2014
KOLKATA: The finance department of the West Bengal government has corrected the valuation of built-up space in certain localities of the city and its periphery for residential sector as well as for offices in Sector V of Salt Lake.
CREDAI welcomes rationalisation of property valuations
Jan 25, 2014
KOLKATA: The Confederation of Real Estate Developers' Associations of India (CREDAI) today welcomed the West Bengal government's move to rationalise property valuations.
Bharat Hospitality launches five star hotel Lalit in Chandigarh
Jan 09, 2014
DELHI: Bharat Hospitality group that owns the Lalit hotel chain has opened its doors in Chandigarh. The Lalit Chandigarh, a five star property with 179 keys was set up with an investment of Rs. 400 crore. The property is spread across four acres in Chandigarh's Rajiv Gandhi IT Park.
Westin Hotels to enter Kolkata by 2015
Jan 04, 2014
KOLKATA: Kolkata will have its first Westin property, a brand from US hospitality conglomerate Starwood Hotels & Resorts Worldwide, by mid 2015.
Posh areas in Kolkata take a realty beating
Dec 24, 2013
KOLKATA: Will the government do anything to tame the rising trend of inflation? Is there anything in the market that I can buy at a reasonable price? Set aside your first question for policymakers at the Centre, but as far as your second query is concerned, we certainly have an answer. You can buy a property at select parts of the city where real estate prices are literally on the wane. Sounds intriguing? Read on.
Vedic Realty to invest Rs 2,500 cr
Dec 21, 2013
KOLKATA: Kolkata-based Vedic Realty Pvt Ltd plans to invest nearly Rs 2,500 crore for setting up an 18-hole golf course, with an integrated IT township. The investment will be through 25 per cent debt and 75 per cent equity.
Kolkata’s Park Mansions wins heritage award
Dec 16, 2013
KOLKATA: The 103-year-old Park Mansions on Kolkata’s upscale Park Street has been given a prestigious heritage award for the restoration of it’s colonial era architecture.
No takers for industrial plots in Haldia
Dec 14, 2013
KOLKATA: Haldia Development Authority is going to lease out 330 acres of industrial plot, but due to high price of the plots there has not been enough response from the industrial houses.
Indian employers report positive hiring plans for Q1 in the new year: Survey
Dec 10, 2013
KOLKATA: Indian employers report positive hiring plans for Quarter 1 in the new yearwith the Northern and Western regions showing the strongest job prospects for the quarter ahead, reveals the latest Manpower Employment Outlook Survey released today by ManpowerGroup.
Investors stuck with their realty assets due to poor demand
Dec 05, 2013
KOLKATA: Short to middle-term parking of investible surplus is beginning to be quite a problem for that breed of near-faceless individual businessmen who look for suitable assets to invest in only to exit with a decent profit as soon as they can. There are hundreds like these across the country and their favourite parking slots are equities, gold and real estate.
Only a few states follow good property registration procedures: G Shyam Sunder
Dec 05, 2013
CHENNAI: G Shyam Sunder, a Chennai-based advocate, has travelled to 18 states in India to compile the different procedures and practices followed in the registration, revenue and town and country planning department. In his book titled 'Property Registration, Land Records and Building Approval Procedures Followed in Various States in India', Shyam Sunder points out to the benefits of standardising procedures. Edited excerpts of his interview with ET:
Bengal passes Bill to prevent use of excess land for real estate
Dec 02, 2013
KOLKATA: The West Bengal Assembly today passed the Land Reforms (Amendment) Bill, 2013 which would prevent use of land, earmarked for township development, in excess of the prescribed ceiling for real estate purpose.
KMC, Credai solve water body disputes
Dec 02, 2013
KOLKATA: Leading real estate developers in the city have persuaded the Kolkata Municipal Corporation (KMC) to use multiple reference points to map waterbodies instead of relying solely on a satellite image taken in 2004.

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