As against 1.96 per cent of overall home loans not repaid for over 90 days, the same for loans under Rs 25 lakhs, classified as affordable housing, was 2.33 per cent as of November … READ FULL STORY
The consultant engaged for preparing a sustainable and capacity expansion roadmap for the Kolkata Airport, is likely to submit its report soon, a senior official of the airport has said. “We have engaged US-based … READ FULL STORY
Stating that most of the ongoing projects have been sanctioned higher funds compared to 2017-18, Kolkata’s Metro Railway general manager Ajay Vijayvargiya, said a total of Rs 830.36 crores were allotted in the FY19 … READ FULL STORY
Notwithstanding the macroeconomic disruptions, the commercial real estate (CRE) market remained robust in 2017. The year 2017 witnessed a pan-India leasing volume of approximately 42.8 million sq ft (3.9 million sq metres), excluding renewals … READ FULL STORY
Gurugram was the only city to witness improvement, both, in new launches and sales, by 55 per cent and 27 per cent, respectively, in 2017, according to the ‘Realty Decoded Report’ for Calendar Year … READ FULL STORY
Residential market prices have dropped substantially in the Kolkata market in the second half of 2017, while annual launches have fallen by 47 per cent during the period, according to a study by real … READ FULL STORY
Kolkata is poised to emerge as a major financial centre by 2030, a senior government official said, on January 10, 2018. Quoting a study prepared by McKinsey Global Institute, Debasish Sen, additional chief secretary, … READ FULL STORY
According to a study by property consultants Knight Frank, homes launches in 2017 plummeted by a staggering 78 per cent to 1,03,570 units. The peak of the realty boom in 2010, saw as many … READ FULL STORY
While a large section of developers have called 2017 as a year of consolidation, 2018 could be a year of confusion. The regulatory changes of 2017 have left many developers confused over streamlining of … READ FULL STORY
According to a survey by Cushman & Wakefield, the net absorption of office space in 2017 dropped by seven per cent to 30.57 million sq ft, as compared to 32.85 million sq ft in … READ FULL STORY
Civil Aviation Minister Ashok Gajapathi Raju, on December 5, 2017, said if land was available, a second airport near Kolkata was a possibility. “Kolkata needs an alternative airport. If the West Bengal government gets … READ FULL STORY
The Kolkata airport is all set to start using clean and green energy for its day-to-day operations, as its ground-mounted grid-connected solar plant, is ready for commissioning. The 15 MW plant, capacity-wise the largest … READ FULL STORY
Trump Tower Kolkata, which was announced in mid-October2017, has received overwhelming response, with over 50 per cent of the units being sold since its soft launch. The project is being developed by Unimark Group, … READ FULL STORY
