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News Updates

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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03 Jul20

Have a conversation with us while investing in real estate

Most of the people across the country want to make more money other than their profession. They always try to find scopes for widening their income. They should calculate their expenses and savings from their income and then should make a strong ground to invest. Most of the people make a smart decision to invest in real estate . Before investing in the real estate industry, people should maintain and remember some factors which will be helpful for them to make a profit. The investor should

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02 Jul20

Refund the booking amount: MREAT orders omkar ventures

The MREAT (Maharashtra Real Estate Appellate Tribunal) asked the Omkar Ventures to refund the booking amount of the buyer which has been forfeited by showing some clauses in the allotment letter. The appellate jurisdiction set aside the MAHARERA and said that no developer can seize the booking amount illegally by showing certain clauses in allotment letter by signing t forcefully. The tribunal jurisdiction said that homebuyers should not face such problems created by the developers.

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23 Jun20

Boycott Chinese materials in construction: CREDAI West Bengal

The CREDAI (The Confederation of Real Estate Developers' Associations of India) of West Bengal has decided unanimously to boycott the Chinese materials in the construction works and should use local materials. There are more than 900 projects which are registered under WBHIRA (West Bengal Housing Industry Regulatory Authority). CREDAI West Bengal is the crest association of the state which represents the CREDAI Howrah-Hooghly and CREDAI North Bengal. The association has taken such a drastic

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20 Jun20

Chinese building materials are boycotted by Surat realtors

When the country is in tension for losing 20 soldiers as China has killed them, the CREDAI- Surat has decided to boycott the materials which are imported from China. More than 800 realtors are representing the CREDAI of Surat and they have taken a unanimous decision for not using Chinese goods like bathroom fittings, window fittings, kitchenware, etc which will be a big step against China. More than 5000crore per annum is being used for importing the materials from China. One of the officials

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08 Jun20

Real estate is the best way to improve the economy at the earliest!

Due to the severe outbreak of the Covid-19 pandemic, the real estate industry is facing severe loss and came to a halt and leading to the losses and crunches in liquidity cash inflow. The developers are also facing problems with the delivery of the projects due to not completing the projects as there is a lack of workforce and supply of materials. But with the several norms and government measures and funds, the real estate is improving which has a direct impact on the Indian economy

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08 Jun20

West Bengal CREDAI seeks for the aid of the realty sector to Bengal CM

The developers of west Bengal has got the help from the state on certain packages like waivers on taxation and deductions on stamp duty of the properties when the real estate industry was drowning under heavy debts and at a halt due to Covid-19 pandemic. The CREDAI (The Confederation of Real Estate Developers Associations of India) of west Bengal also urges for property and municipal tax waivers including postponing the sanction fees of projects and validity extension of sanction plans for

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