Industry News - Real Estate

Industry News Content

10 July, 2025

West Bengal to Unlock 20 Acres in New Town for Residential and Commercial Projects 10 July, 2025

West Bengal government is set to release approximately 20 acres of prime land in New Town, Kolkata, for residential, commercial, and mixed-use development. This strategic move aims to boost infrastruc...

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...

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...

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...

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 ...

30 May, 2025

Sector V Fire Safety Audit: NDITA to Inspect 250 Buildings in Kolkata's IT Hub 30 May, 2025

The Nabadiganta Industrial Township Authority (NDITA) is set to launch an intensive fire safety audit covering approximately 250 office buildings in Sector V, Kolkata’s premier IT and business d...

12 May, 2025

Kolkata Mayor Announces Ban on Future Terrace and Basement Constructions 12 May, 2025

The Kolkata Municipal Corporation (KMC) will no longer permit construction on terraces and in basements, the Mayor announced on Wednesday. This declaration came alongside the release of a new Standard...

01 May, 2025

NKDA Targets Illegal Commercial Use of Residential Buildings in New Town, Kolkata 01 May, 2025

New Town Residents Raise Concerns Over Ceremonial Halls in Residential Zones The New Town Kolkata Development Authority (NKDA) is set to take strict action against illegal use of residential building...

24 March, 2025

Builders' performance and project details will soon be easier to track on RERA websites across the country 24 March, 2025

Homebuyers in India will soon have seamless access to crucial housing project details and builder performance reports with just a click. This new initiative aims to enhance transparency and empower bu...

18 March, 2025

New Town : 17-Acre Prime Land Worth 800 Crore Set for Auction 18 March, 2025

This Poila Baisakh, Kolkata is set to witness one of its most significant real estate transactions. A 17-acre commercial plot in New Town, valued at over Rs 800 crore, is scheduled for auction within ...

26 February, 2025

CM Announces 8.5% Interest Waiver on Self-Redevelopment Premium in Mumbai 26 February, 2025

Chief Minister Devendra Fadnavis has announced an 8.5% interest waiver on the premium for self-redevelopment projects in Mumbai. This waiver applies to projects that submit proposals by March 2026. T...

19 February, 2025

How to Identify Fake Property Documents and Avoid Fraud 19 February, 2025

Warning Signs of Fake Property Documents 1. Seller’s Hesitation to Show Property Papers If a seller is reluctant to share property documents before closing the deal, it could indicate hidden i...