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News Updates

16 Sep21

West Bengal sets ball rolling for digital vigil on sand mining

The Bengal government on Monday started empanelling administrators for mining of sand and transportation to stockyards available to be purchased. In addition to 24/7 CCTV camera surveillance at the mines and stockyards, at the mines and stockyards, all vehicles ferrying sand must have RFID ta tags or GPS work with computation of excursions made. The state cabinet had last month taken a choice to draw up a brand new sand mining policy for greater transparency and nil environmental damage. The

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01 Sep21

Big construction units to have recycle plants

Construction projects that daily generate waste of 20 tonne or more will need to found out a plant where the waste are going to be converted into aggregates for other construction activities. “Construction sites need to become environment-friendly and stop dumping waste. they need to line up a waste recovery plant at the location and work towards zero net waste generation,” a KMC official said. Construction waste includes head break concrete blocks of pile caps and broken tiles

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22 Jul21

Real estate market to touch $1 trillion by 2030, housing demand revives despite COVID-19: Housing secretary

India’s real estate market is expected to touch $1 trillion by 2030 as demand for housing recovers from the “setback” caused by the first and second waves of the COVID-19 pandemic, a top government official said. “The size of the real estate sector was around $200 billion two-three years ago. We expect the real estate market to touch $1 trillion by 2030,” Durga Shanker Mishra, secretary in the housing and urban affairs ministry, said at a conference on July

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10 Jul21

Beginning of Real Estate Boom in West Bengal

The relief was being granted for registration of deeds affecting sale/lease of land/house/flat. The first financial statement of state authorities in its third time period, also introduced a 10% deduction inside the circle rate of property, which determines the price at which a belongings is registered.The state Government expects the measures announced for the  real estate industry  to create additional call for  the sector, with the intention to have a multiplier effect on the

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14 May21

Housing revival to boost economic sentiment: FM Nirmala Sitharaman

This will also boost the portfolios of banks and non-banking financial companies (NBFCs), said the FM at a virtual event where she handed over possession of Rivali Park to home buyers.The Mumbai-based project, which had been stalled for some time, was completed under the Centre’s special liquidity window — Special Window for Affordable & Mid-Income Housing (SWAMIH-I). This is the first residential project completed by SWAMIH, which was created in 2019 to fund stuck affordable

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06 May21

SC says WB Housing Industry Regulation Act of 2017 ‘unconstitutional’, in conflict with Centre's RERA

The Supreme Court on May 4 struck down West Bengal's Housing Industry Regulation Act (WBHIRA) 2017, the law regulating the state’s real estate sector, saying it was ‘unconstitutional’ as it creates a parallel regime and is in direct conflict with the Centre’s Real Estate (Regulation and Development) Act (RERA). The state law has encroached upon the domain of the Parliament and hence is unconstitutional, the verdict said. The West Bengal Housing Industry Regulation Act

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13 Jan21

GST applies to one-time maintenance deposit flat customers pay developers: AAR

The AAR bench, though, brought the quantity will be concern to GST on the time of actual supply of service—when renovation services or maintenance of common place areas and centers are achieved, in future, with the aid of utilising these deposits. MUMBAI: The Gujarat bench of Authority for Advance Rulings (AAR) these days held items and services tax (GST) would be relevant to a one-time upkeep deposit gathered by a builder from its consumers as it's miles

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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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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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