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Industry News - June 2025

Industry News Content

West Bengal to Establish Four New IT Parks, Boosting North Bengal’s Tech Infrastructure 24 June, 2025
West Bengal to Establish Four New IT Parks, Boosting North Bengal’s Tech Infrastructure 24 June, 2025

In a significant move to strengthen the digital and economic landscape of West Bengal, the state government has announced the development of four new IT parks—three of which will be located in N...

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Residential Real Estate in India Grows 77% Since FY 2019, Shows Strong Buyer Confidence 23 June, 2025
Residential Real Estate in India Grows 77% Since FY 2019, Shows Strong Buyer Confidence 23 June, 2025

India's housing real estate market has seen a dramatic turnaround with a 77% increase in sales from FY 2019 to FY 2025, as per Grant Thornton Bharat's latest report. Sales picked up from 3.07 lakh uni...

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New Town Residents Can Now Pay Property Tax Directly on NKDA Website 14 June, 2025
New Town Residents Can Now Pay Property Tax Directly on NKDA Website 14 June, 2025

New Digital Facility for New Town Residents Residents of New Town Kolkata, including those owning or searching for flats in Newtown, will soon have a more convenient way to pay property tax, mutation...

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RBI Slashes Repo Rate by 50 bps to 5.5% – What It Means for Borrowers & Real Estate 06 June, 2025
RBI Slashes Repo Rate by 50 bps to 5.5% – What It Means for Borrowers & Real Estate 06 June, 2025

In a move that brings welcome relief to borrowers and the real estate sector, the Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points, bringing it down to 5.5%. This decision was ...

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