News Updates
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Big Property Projects must pay for Water Infrastructure Development
The Kolkata Municipal Corporation has announced that it will impose a charge for water infrastructure development on medium and large real estate projects in the city. This charge will be collected from developers and will be the first of its kind to be introduced by the civic body. The money generated will be used to improve water supply in areas where housing or commercial projects are being planned. The proposal to impose a water infrastructure development charge on mid and large real
Reasons to Buy a Property During Navratri
Navratri, the nine-night festival celebrated with zest and fervor in India, is not just a time for religious rituals and vibrant cultural celebrations. It is also an opportune time to consider purchasing a property. Whether you are looking for a new home or an investment opportunity, here are some compelling reasons why Navratri can be an ideal time to make your move in the real estate market. 1. Auspicious Time Navratri is considered an auspicious period in Hindu culture. It is believed that
West Bengal Govt Prohibits Night Demolition in Congested Areas
The department in charge of urban development and municipal affairs has released a set of 19 guidelines to ensure that proper precautions are taken during the demolition of buildings located in densely populated residential areas. In the past, developers have demolished buildings without taking any safety measures, which has resulted in air and noise pollution. According to the new regulations, it is prohibited to carry out any demolition work during nighttime, and it is mandatory to maintain
MahaRERA Mandates Real Estate Developers to Set Up Redressal Cells for Homebuyers' Issues
MahaRERA has mandated real estate developers to establish grievance redressal cells to address homebuyers' complaints. At least one grievance redressal officer is expected in these cells for developers' projects. Compliance with this provision will be a crucial evaluation criterion proposed by the regulatory authority. During the property purchase or registration process, homebuyers typically interact with the sales and marketing team. However, if issues arise later, they are often
Relief for Thika Tenancy Applicants in Kolkata
Thika tenancy is a unique system of land tenure in West Bengal, India, where tenants are granted the right to cultivate and occupy land owned by others. In Kolkata, the capital city of West Bengal, thousands of people have been waiting for years to get their Thika tenancy rights. However, their wait has finally come to an end as the government has recently announced a relief package for Thika tenancy applicants. Under the new relief package, Thika tenancy applicants who have been waiting for
MahaRERA Fines 90 Builders For Ads Without Registration Number
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has fined 90 builders for advertising their projects without a valid registration number. This move comes as part of the authority's ongoing efforts to regulate the real estate sector and protect homebuyers from fraudulent practices. Under the Real Estate (Regulation and Development) Act, 2016, all real estate projects must be registered with MahaRERA before they can be advertised or sold to the public. The registration number serves
Reasons to Buy a Property in BT Road Kolkata
BT Road, also known as Barrackpore Trunk Road, is a prime location in Kolkata that has been witnessing rapid growth in recent years. The area is well-connected to other parts of the city and offers a range of amenities that make it an attractive destination for property buyers. Here are some reasons why you should consider buying a property in BT Road, Kolkata. Excellent Connectivity BT Road is well-connected to other parts of the city through various modes of transportation. The area is
107 Real Estate Projects Up for Deregistration in Maharashtra
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that 107 real estate projects in the state are up for deregistration due to non-compliance with regulations. The authority has invited objections from developers and homebuyers before proceeding with the deregistration process. The move is part of MahaRERA's efforts to ensure transparency and accountability in the real estate sector. Under the Real Estate (Regulation and Development) Act, 2016, developers are
Gift Your Father a Flat on This Father's Day
Father's Day is a special occasion to express your love and gratitude towards your father. It is a day to acknowledge his sacrifices, hard work, and dedication in raising you and your siblings. This Father's Day, why not make it extra special by gifting your father a flat? It may seem like a big investment, but it is a gift that will last a lifetime and provide your father with a sense of security and stability. Owning a flat is a dream for many people, and your father may have worked hard his
Sustainability is Shaping the Future of Real Estate
Sustainability has become a key factor in the real estate industry, shaping the way buildings are designed, constructed, and operated. With the rise of climate change concerns and the need for more environmentally friendly practices, real estate developers and investors are increasingly incorporating sustainable practices into their projects. One of the most significant ways that sustainability is shaping the future of real estate is through the development of green buildings. These buildings
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