Latest Realty News

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.
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).
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.
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.
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.
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.
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.
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.
Iconic twin towers may come up in Rajarhat in Kolkata
Aug 09, 2013
KOLKATA: The iconic twin towers of the World Trade Center (WTC) that dominated the New York skyline till September 11, 2001, had 110 storeys each. Kolkata may soon boast its own WTC twin towers, though each will only be 20 storeys high.

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