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News Updates

26 Jan22

Approaches SC over non-implementation of RERA in West Bengal

Forum for People's Collective Efforts (FPCE), an umbrella association for homebuyers, has filed a plea in the Supreme Court, stating that the members of RERA Authority and the Appellate Tribunal have not yet been appointed in West Bengal and the portal is not yet functional even after eight months of the apex court striking down West Bengal Housing Industry Regulation Act (WBHIRA) 2017 as ‘unconstitutional’. Homebuyers have approached the apex court to pass an order directing the

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18 Jan22

Kolkata residential property market has continue growth momentum

Kolkata property market has continue its growth momentum as homebuyers to acquire parcels on the reverse of record-low interest rates and offer from reality inventors. Property enrollments in Greater Kolkata in the 12 months of 2021 stood at units, recording a growth of 64 compared to the former time, with 56 of these units were registered since the preface of the stamp duty cut in July 2021. November 2021 due to carnivals, there has been a significant recovery in housing enrollments as per

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18 Jan22

Dip into e-wallet to pay property tax in Kolkata

Coming time you want to clear your property tax dues, take help of a Chatbot service and get linked to a payment mode and you can use youre-wallets to make the transaction. Also enable a dealer to apply for a trade licence or renewal of the same. This piecemeal, the KMC brass will also offer a citizen to apply for mutation of his/ her properties online and upload the property- related documents for verification by the civic officers before issuing a mutation document. The Kolkata Municipal

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13 Jan22

Why Buy a Flat at New Town Kolkata

The charming city of Kolkata is home to numerous people from all walks of life. In fact, the new flats at New Town Kolkata are equipped with various amenities and provisions that are hard to find in the leading projects located in Central Kolkata.  It is an upcoming IT and education hub, well-connected to the main city of Kolkata through road and rail, with a host of entertainment. 1. Affordability Although the price of properties in Kolkata has been on a steady rise for over a decade,

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12 Jan22

Advantages of purchasing a property from a reputed builder

While investing the first thought that comes to our mind is the return of the investment. A good return is only possible when we make our choices wisely. A wise choice always includes good market research about the product we are planning to invest in. If the amount of investment is big then we can only trust established brands. As established brands would never compromise on the quality of their product because compromising on quality would work adversely on their brand recall. Hence

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12 Jan22

Why Should you watch out for properties in tollygunge area?

In the context of plush properties, South Kolkata had appeared as the hottest destination to find one of the best residential properties. Both the investor and the user find the widest range of properties suitable to their choice. The reasons behind such high popularity rate are its prime locations, proximity to attractive locations and of course, the range of options, it offers. In South Kolkata, Tollygunge is known among those areas where the luxury lifestyle can be enjoyed with peace and

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06 Jan22

Why invest in Howrah - Real Estate

Howrah, the megacity of bridges is connected to Kolkata via four bridges. From Howrah, all the way up to Salt Lake City via Esplanade and Sealdah, the new metro line is going to give unequaled access to Kolkata. A major railway terminal, Howrah Station, provides connectivity to all Eastern India. It also serves as a terminal for Eastern and South Eastern Railway services.  Howrah’s superior structure is luring residents from all corridor of Kolkata. Santragachi, a exurb in Howrah is

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25 Dec21

Healthy demand expected for India real estate in 2022

An international property consultant, on Thursday said in a report that 2022 may prove to be a more stable year for the pandemic-hit sector both for commercial as well as the residential sector. The real estate sector recorded a smart recovery despite the pandemic extremities in 2021 with parts like residential outperforming others. The dislocation caused by the pandemic is decelerating settling and the real estate market is anticipated to gain back its meter in the coming two to three

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14 Dec21

Kolkata Realtors expect sales to pick up again after November

The swell in enrollment of homes fuelled by stamp duty cut hit a bump in November following a 62 decline against the corresponding month last time. In the April-November period, enrollments of homes have increased by a whopping 95 from in 2020 to in 2021. Developers and realty consultants attributed the November decline to multiple factors: registration rush to meet the October 30 incentive deadline before it was extended by three months, lack of awareness among a section of prospective home

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27 Nov21

West Bengal CMO alerts Kolkata civic body on illegal buildings

The complaints of unauthorized constructions have reached Nabanna. Acting on a diktat from the state secretariat, senior officials of Kolkata Municipal Corporation have alerted the civic body’s building wing to ensure that borough executive officers take immediate action on such complaints and clamp down on the promoters engaged in the construction of illegal structures. The lists contain addresses and locations of under-construction illegal structures. The KMC building department wing

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