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News Updates

26 Sep22

Reasons to Buy a Property During Navratri 2022

Navratri is celebrated with nine days of divine power devoted to the manifestations of the idol Durga. There has never been a better time to buy a apartment. Real estate purchases during Navratri are considered highly auspicious and give more value for your money. What is Navratri? Navratri is a Sanskrit word meaning ‘nine nights’.It is a Hindu festival dedicated to Goddess Maa Durga and her nine incarnations. According to the auspicious calendar, these nine days are the best time

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16 Sep22

7-point homebuyer’s checklist for 2022

After several years of tardy growth, a surge in demand for residential property has led to a smart uptick in real estate prices across the country. Delhi NCR saw the biggest jump in prices, with prices in Noida Extension and Greater Noida shooting up smartly (see chart). Despite the sharp rise, prices are still within reach in these micro markets. A 2-BHK house measuring 800 sq ft would cost roughly Rs.34-38 lakh, which makes the property affordable for the middleincome group. In Ahmedabad,

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23 Aug22

Homebuyers body requests CM Mamata Banerjee to implement RERA laws in West Bengal

Forum for People’s Collective Efforts (FPCE) has written a letter to West Bengal Chief Minister Mamata Banerjee, to take necessary steps to make real estate law RERA functional in the state within one month. FPCE, homebuyers that played an important role in enactment and implementation of RERA, expressed concern over real estate law RERA still being non-functional in West Bengal, leaving buyers at the mercy of builders. FPCE President Abhay Upadhyay, who is also a member of central

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08 Aug22

Reason Why Home-Buyers More Interested in Buying a Flat in New Town

Kolkata’s real estate market is witnessing a speedy transformation. The city’s property market, coming out from the stagnation post demonetization and GST, has gained much momentum in recent times. With the apprehension about GST getting cleared, New Town is gradually receiving increased buyers’ interest in recent months. Affordability Is the Key For Buying A Flat in New Town Pricing and value are always the primary concerns while looking for flats for sale in New Town

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26 Jul22

Chinese property stocks rally on $44bn bailout hopes

China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct knowledge of the matter. The size of the fund would initially be set at 80 billion yuan through support from China Construction Bank and the People's Bank of China (PBOC), the person, who declined to be identified due to the sensitivity of the matter. The source said the fund will be used to

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15 Jul22

KMC create 'repair fund' to help heritage building owners

For individuals who cannot afford to maintain their heritage buildings, the KMC will create a fund to take up urgent repairs. All major corporates that own heritage buildings in Kolkata will have to ensure they are properly maintained. And private owners of heritage buildings to ensure proper upkeep by exploring means to monetize the properties by putting them into adaptive reuse. KMC tell the corporates to take an initiative for upkeep of prominent heritage buildings they own. And also

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09 Jul22

Pandemic leaves imprint on home buying

After two years and three waves, the pandemic appears to be on the wane. But developers believe it'll leave its impress in home-buyers' minds for several times more, leading to advanced demand for larger homes than was previous to the pandemic. While the largest pie of home deals comprised two-bedroom homes the pandemic saw the home buyers willing to invest further to buy bigger homes. Accordingly, demand for three bedroom homes excelled that of two-bedroom apartments in 2020. In 2021, demand

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29 Jun22

Kolkata New Town Development Corporation create a panel to resolve citizen complaints

NKDA plans to form an apex committee comprising representatives of residents’ welfare associations (RWAs) and registered housing societies across New Town along with officials of NKDA to address civic issues. “The committee will have representations from all RWAs and registered housing societies in New Town, and a chief engineer and others from NKDA. The committee may meet once a fortnight through video conference where local civic issues and grievances can be heard and

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23 Jun22

7 benefits of investing in a plot of land

1. It offers greater flexibility When purchasing an apartment, buyers are often limited to the architect’s vision of the home. They can only make a few customizations to the property and changing the layout of the home is completely out of the question. A plot of land, in contrast, is like a blank canvas to build your dream home upon. You can design your home from scratch, add elements that are important to you and even use your choice of materials. A house lasts you a lifetime,

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22 Jun22

RERA has empowered homebuyers, but it’s a long road ahead | Real Estate

The Real Estate (Regulation and Development) Act, 2016 (RERA) was passed by Parliament in March 2016, and came into effect from May 1, 2016. Last month it completed six years. In these years, it is clear that the legal framework aimed at empowering India’s homebuyers has been further fortified through various decisions of the Supreme Court and other judicial forums. The fact that the executive, the legislature, and the judiciary realised that homebuyers were being cheated by many

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