Latest Realty News

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.
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.
Feb 04, 2015
KOLKATA: A letter from the military headquarters, Bengal Area, has rattled civic bosses in Kolkata and is sure to shake up the city's realty sector
Jan 24, 2015
KOLKATA: Has EM Bypass fallen from grace when it comes to demand for real estate projects? At least the current trend hints so
Landlords, tenants to benefit from KMC Bill passed in House
Dec 09, 2014
Kolkata: The Kolkata Municipal Corporation (Second Amendment) Bill-2014 passed in the Assembly to help in determination of annual valuation of the land or buildings or part thereof occupied by tenants in the city
MCCI urge Bengal to raise land celing limit to 50 acres
Nov 18, 2014
Kolkata: A city-based chamber urged the West Bengal government to raise the land ceiling under 14Y to at least 50 acres from 24 acres
Saradha property owners in a fix
Nov 07, 2014
KOLKATA: Enforcement Directorate questioning the Shyamal Sen commission's role in Saradha Property Scam
Realty check: Kolkata to have lowest housing demand
Nov 03, 2014
KOLKATA: The city is likely to witness a slow off-take of residential units despite the state government's efforts to give a push to the sector
Tata Housing Opts For Surmount Energy's BIM Consultancy Services
Oct 30, 2014
Navi Mumbai: TATA Housing has chosen Surmount Energy for BIM Consultancy for the proposed residential project in Kolkata
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
Kolkata Municipal Corporation won’t legalize unlawful structures
Sep 01, 2014
Kolkata Municipal Corporation [KMC] authorities have decided to stop regularizing unauthorized buildings following a recent order from Calcutta high court
Mid-income housings go green
Aug 25, 2014
The green building movement is set to get a fillip in Kolkata with at least two real estate companies in the affordable housing space committing that all its projects will conform to the green norms
UK push for a carbon-resilient Kolkata
Jul 09, 2014
KOLKATA: The spurt in construction of buildings in Kolkata is a timely opportunity to start the transformation of the city’s economy from a high carbon path to a sustainable low carbon one, feels British junior minister (energy and climate change) Sandeep Verma.
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.
Double taxation for Eastern Metropolitan Bypass land in Kolkata
Jun 14, 2014
KOLKATA: Constructing a house in areas off the Eastern Metropolitan Bypass is set to pinch you more. Apart from paying the building sanction fee to the Kolkata Municipal Corporation (KMC), you will now have to pay a development fee to the Kolkata Metropolitan Development Authority (KMDA).
Adopting Mamata’s colour code will get homeowners tax sop
Jun 14, 2014
KOLKATA: Want a property tax waiver for 2014-15? Paint your house or apartment building white-and-blue. Yes, you've read it right. The proposal, which has mayor Sovan Chatterjee's blessings, was accepted in the mayor-in-council meeting on Monday.
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.
Tata Housing to invest Rs 450 crore on housing project at Kolkata
May 09, 2014
DELHI: Realty firm Tata Housing will invest about Rs 450 crore over the next four years to develop a new housing project in Kolkata.
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.
Brookfield to buy Unitech Corporate Park subsidiary
Apr 05, 2014
MUMBAI: Canada-based global real estate giant Brookfield has offered to acquire Candor Investments, a fully-owned Unitech Corporate Parks (UCP) Plc subsidiary that owns stakes in real estate projects in the National Capital Region (NCR) and Kolkata.
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.

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