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News Updates

25 Nov20

Bidhannagar civic body proposes uniform belongings tax structure for Salt Lake, Rajarhat

KOLKATA: The Bidhannagar Municipal Corporation has proposed a uniform property tax shape for the complete enterprise area of Salt Lake and Rajarhat. The civic frame has asked West Bengal Valuation Board to formulate the tax on the way to cowl all 41 wards. The circulate to revise the belongings tax structure will pave the manner for the civic body to begin amassing belongings tax dues by means of March, 2021. Residents of the organisation region of Salt Lake and Rajarhat currently pay assets

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29 Oct20

Kolkata overtakes Hyderabad to become the most affordable residential real estate market: Report

Kolkata is the most less costly residential real property marketplace as it overtakes Hyderabad. Home buy affordability improved across key Indian cities which had been a part of the Index. This changed into regardless of a bigger fall in annual household profits compared to residential property fees. A sharp decrease inside the price of investment (average home mortgage prices decreased from (8.9% in 2019 to 7.5% in 2020), greater than offset the detrimental impact of lower earning on

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02 Sep20

Property registration sinks in Mumbai

Mumbai real estate, the most developed and emerging market which supports the industry the most. But as compared to July, the property registration has immersed in August because most of the homebuyers put their foot backward while registering their property as they have waited for the announcement of the reduction in stamp duty charges by the government. The stamp duty collection in August is Rs.202crore which is comparatively lower than July which was Rs.240crore in July. The affordable

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17 Aug20

Process of acquisition from Joka-Esplanade Metro in Kolkata

The working procedure of Joka-Esplanade Metro has been started including the underground land acquisition. A joint survey has been done on land by the Rail Vikas Nigam Limited (RVNL) and  Kolkata Municipal Corporation (KMC), the monitoring agency of Kolkata metro projects. Under the jurisdiction of the Metro Railway (Construction of Works) Act the notifications will be issued for acquisition of 1.5km stretching between Mominpore and Ekbalpore. There is the stretch of land about 400m

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11 Aug20

The daughters also have the right to HUF property as per the law

As per the notifications of the amendment, the daughters are also having the legacy right on the property if  both the father and daughter were alive from the announcement of the law as of September 9, 2005. The Supreme Court has stated the judgment in the favour of daughters that they also have equal rights on the HUF property (Hindu Undivided Property). To redress the complications a committee including three judges clarifies that as per the rules of the Hindu Succession Act, the

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07 Aug20

Reconstruction of loans by RBI for more relief to the stressed real estate developers

To provide more relief to the stressed real estate developers and borrowers of the housing segment, the RBI has given the moratorium of 2years for a one-time reconstruction of loans. The one time reconstructing of loans will not be categorized as non-performing assets and hence it will be recommended with the help of experts if needed.  The RBI’s indulgence in this scenario is highly appreciated because it is necessary for unchanging the policy rates and also to revive the sector

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20 Jul20

100% waiver on the interest of property tax dues: KMC

There is a total due of Rs.3500crore on property taxes. The Kolkata Municipal Corporation (KMC) has provided the 100% waiver on the interest outstanding taxes from August. This offer is valid for six months as per the guidelines of KMC. Previously, the defaulters got the waiver of 50% on the interest of property taxes which was yet to be paid to the Kolkata civic body. But now, the KMC has taken a berserk step for the compensation of revenue tax loss which was faced during the lockdown

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16 Jul20

Why should we invest in Kolkata Real Estate?

Investors should plan to invest in Kolkata real estate after investing in gold because it assures the best and beneficial guaranteed returns. This city is gradually showing the improvement in infrastructure and housing segments. It has a wide range of residential and commercial units that support the bulk population and tenants. There are various factors for which the investors from the country and even from abroad attracted to the Kolkata Real Estate. We will give you the most convincing

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14 Jul20

5 Reasons To Invest in Alipore in Kolkata

Alipore is a neighborhood destination in South Kolkata and referred to as one of the extravagant areas where the property costing exceeds 2 billion. The best part of this suburb is it is developed and maintained infrastructural facilities. As it is one of the costliest pin codes in Kolkata, people could find the best luxury homes for a business-class lifestyle. One of the best luxury projects in Alipore is “88 EAST” which is redefining the standards of living. Alipore is the best

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11 Jul20

5 Reasons To Should Invest In Kolkata's Salt Lake City

Salt Lake City is an aspiring destination of  North Kolkata as it is most preferred for both commercial and residential spaces. This place has a vast range of residential units and upgrades with all infrastructural facilities and always on high demand by the potential homebuyers of India and from abroad. Salt Lake City witnessed the growth of Kolkata's real estate for many years.  1. Landscape- Salt Lake City has all the nearest locations like the city centre and enriched with the

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