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News Updates

11 Jul19

WB Cabinet Gives a Go to the Amended Thika Tenancy Act

West Bengal cabinet finally blew the green signal for the 'Thika Tenancy' (Acquisition and Regulation) Act. This Act facilitates people living on a 'Thika Tenancy' land. With this amended law, these people can construct their own house or make an alteration on the land/house they have been staying.The amended act would finally privilege inhabitants of the Thika Tenancy land esp. the slum dwellers of Kolkata, Asansol, and Howrah. Finally, they are allowed to construct G+4 structures (each floor

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24 Jun19

Home Buyers Now Have a Keen Eye on Buying a Flat in Newtown, Rajarhat

The real estate sector of Kolkata is going through a rapid transformation. It seems like the property market is coming out from the staling state after demonetization and GST. This market has now gained huge momentum. The uneasiness about the GST being cut down, Newtown has evidently increased the buyers’ interest in the recent time. The real estate market had not seen an uprising for more than one year and no new launches Flats In Rajarhat came up in the past six months. The passive

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14 Jun19

Government Moderates the Rate of ESI Contribution from 6.5% to 4%

The rate of contribution under the ESI Act has been cut off to 4% from 6.5% by The Government of India (employers’ contribution being reduced to 3.25% from 4.75% whereas the employees’ contribution is being reduced to 0.75% from 1.75%). These rates will be active from 01.07.2019. These changes will benefit 3.6 crore employees and 12.85 lakh employers. The reduced rate of contribution will bring about a considerable relief to workers and it will benefit later enrolment of the workers

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