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News Updates

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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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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