Latest Realty News

City of Palaces’ growing slowly in smaller towns
Nov 29, 2013
KOLKATA: Year 2006. West Bengal’s Tier-II towns had their brush with the realty boom. It covered smaller towns such as Burdwan, Durgapur, Assansol, Shantiniketan, Bolpur, Prantik and Katwa.
Realty body meets civic officials
Nov 29, 2013
KOLKATA: The West Bengal chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI) on Wednesday met officials of the city civic body (Kolkata Municipal Corporation) to overcome regulatory hurdles and other bottlenecks regarding real estate development here.
Building completion certificate goes online in Kolkata
Nov 28, 2013
KOLKATA: The days of harassment by building department inspectors are over. The completion certificate (CC) process for houses and apartment complexes has gone online.
Kolkata real estate: end users drive property prices
Nov 21, 2013
KOLKATA: Kolkata is one of the very few real estate destinations where demand by end users is driving the prices of properties.
Rentals to remain under pressure on lower supply: Experts
Nov 10, 2013
MUMBAI: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
No new malls space helps lower mall vacancy to 14.5%: Cushman & Wakefield
Nov 06, 2013
KOLKATA: The overall vacancy levels in malls declined by 0.6 percentage to 14.51% on account of consistent leasing activities while supply has been only 0.77 msf gets added in Kolkata and Pune, states a latest report by Cushman & Wakefield.
New home launches up by 5% in January-September: Cushman & Wakefield
Nov 01, 2013
DELHI: India's eight major cities saw launch of 1.32 lakh homes during January-September 2013, up by five per cent from the year-ago period, according to global real estate consultant Cushman & Wakefield.
House price rises abate in Q1
Oct 29, 2013
KOLKATA: RBI said the sequential increase in home unit prices across the country abated during the first three months this financial year. "The quarter-on-quarter growth in the RBI house price index at the all-India level was lower at 0.89 per cent in the first quarter of 2013-14...compared to the previous quarter," it said.
Foreign banks offer dual-rate products
Oct 28, 2013
MUMBAi: Amid rising interest rates, foreign banks in the country are making an effort to attract home loan borrowers by introducing dual rate or fixed-cum-floating rate products.
Salt Lake & Rajarhat attract 90% of Kolkata’s office supply
Oct 24, 2013
KOLKATA: Despite starting the year on a subdued note, the peripheral business district of Kolkata’s Salt Lake and Rajarhat micro-markets picked-up supply activity and occupier interest from the second quarter of the year—sustaining interests till the third quarter of 2013. The peripheral market accounts for nearly 90% of the total investment grade office space addition of about 0.90 million sq.ft in the city by September 2013.
Roadmap to combat housing project delays
Oct 23, 2013
KOLKATA: When Abhay Upadhyay applied for a 2-BHK row house in a project called Kolkata West International City in August 2006, he harboured the dream that his daughter, who was born a couple of months earlier, would grow up in a spacious, green and pollution-free environment.
Housing project delays: Roadmap to help you out of the logjam
Oct 21, 2013
KOLKATA: When Abhay Upadhyay applied for a 2-BHK row house in a project called Kolkata West International City in August 2006, he harboured the dream that his daughter, who was born a couple of months earlier, would grow up in a spacious, green and pollutionfree environment.
GPT Group ventures into real estate with their maiden project - Poorvi
Oct 10, 2013
KOLKATA: GPT Group on Wednesday announced the launch of its real estate division, GPT Developers Limited. The group also launched their maiden project - Poorvi. The premium abode, which reflects the melodies in life and encourages people to immerse in its rhythm, is themed on the ragas of Indian classical music.
JLL closes largest-ever land deal in Kolkata
Oct 01, 2013
KOLKATA: Leading international property consultant Jones Lang LaSalle India has announced the successful closure of the largest land transaction in Kolkata to date. In this deal, Delhi-based real estate developers Alchemist Township India Limited have purchased 2 million square feet of prime residential land from Highland Group at Kolkata Riverside, a satellite township development encompassing 262 acres being developed on the banks of the Hooghly River.
Realtors ready to explore untapped market
Aug 27, 2013
KOLKATA: Though the demand for studio apartments in the city cannot be compared with that in Mumbai or Delhi, there has been a steady upswing over the last few years. The changing trend has caught the attention of realtors and they are going all out to tap the potential.
Mamata Banerjee’s proposed seat change fuels hope of demand surge in real estate
Aug 14, 2013
KOLKATA: Leading city-based realtors like the Surekas, Mohtas of the Merlin Group and the South City consortium have put their real estate projects on either side of the Kona Expressway and National Highways 6 and 3 on fast track within days of Chief Minister Mamata Banerjee's announcement to move her seat of governance from Kolkata to Howrah temporarily.
Kolkata developers eye other cities on slowdown blues
Aug 13, 2013
KOLKATA: Limited growth opportunities in Kolkata are forcing city-based developers to explore other markets. Chennai is high on the preference list, followed by non-metros such as Ahmedabad, Raipur and Bhubaneshwar.
Property for Rs 20-40 lakh available in Kolkata
Jun 26, 2013
KOLKATA: Are you planning to invest Rs 20–40 lakh in Kolkata? Rajarhat is one locality you can opt for. Property in this price segment is easily available in Rajarhat and in demand by 40 per cent of people living in Kolkata.
Dissecting The Role Of Real Estate Regulator In India
Jun 25, 2013
KOLKATA: The Central Government Cabinet approved the Real Estate (Regulation & Development) Bill on 5 June 2013. The aim of the bill is to create a Real Estate Regulatory Authority and an Appellate Tribunal that will act as a watchdog for the housing sector, primarily towards protecting consumer interests while creating an alternative redress mechanism for any disputes that may arise.
WB civic bodies get highrise solar panel deadline
Jun 14, 2013
KOLKATA: Calcutta high court on 11th June directed all civic bodies in West Bengal, including the Kolkata Municipal Corporation (KMC), to ensure that all highrises install solar panels on their roofs within the next four months.
Alchemist buys 20 acres for residential development
Jun 07, 2013
KOLKATA: Alchemist Township India Limited, a Delhi-based real estate developer, has bought 20 acres of prime land in the Aerotropolis being developed by Bengal Aerotropolis Projects Ltd (BAPL) at Durgapur, 180 kilometres from Kolkata. Leading international property consultants Jones Lang LaSalle India were the transaction mediators for this deal, which is West Bengal’s largest land transaction in 2013 to date.
Godrej Properties launches 5th phase of residential project in Kolkata
Jun 07, 2013
KOLKATA: The real estate developer opens bookings in a new 19 storey tower at Godrej Prakriti. Godrej Properties Ltd. (GPL) (BSE: GODREJPRP), the real estate development arm of the Godrej Group, today announced the launch of Phase 5 of its residential project in Kolkata – Godrej Prakriti. The new tower, standing 19 floors tall, will offer 3 BHK modern apartments measuring between 1,100 sq. ft. and 1,400 sq. ft.
Renowned urban planner bats for green building movement
Jun 06, 2013
KOLKATA: Inclusive city planning is imperative for the planned growth of any 'green' township, American urban planning expert Robert Brosnan has said.
Hidco eyes rich harvest by plot sale
Jun 03, 2013
fter reaping rich harvest last year by selling off lands, The Housing Infrastructure and Development Corporation (Hidco) has again put up several commercial plots for sale.

Latest Realty News Of State

Realty Talk's