A majority of home buyers (as many as 82%), believe that the wide trust deficit between the builders and the buyers, can be bridged to a considerable extent, if the developers genuinely come forward … READ FULL STORY
Over the past few decades, Kolkata, the ‘city of joy’, has witnessed significant infrastructure development and redevelopment. Now, with the real estate market in the main city area reaching a saturation point, fresh developments … READ FULL STORY
Post-demonetisation, the affordable housing segment, which is confined to the fringe areas of metros, is expected to get a boost as land prices will plummet in the next few years, especially in far-flung areas … READ FULL STORY
The real estate markets in India, seem to be aligning themselves to market realities in more ways than one. For the first time after 2008, residential apartments sold across India in the first three … READ FULL STORY
The Kolkata Municipal Corporation (Amendment) Bill 2016, was passed in the West Bengal assembly on December 15, 2016, to simplify the assessment and collection of property tax and make the entire process more transparent. … READ FULL STORY
Currently, commercial property and office spaces are the true indicators of the future of the real estate market. It is always the absorption of office space that reflects the potential economic activity and job … READ FULL STORY
Net office absorption across the top eight cities (Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune), is likely to surge by up to 10% to 32.4 million sq ft in 2017, the highest … READ FULL STORY
Total demand for urban housing is estimated at 4.2 million units for the period of 2016-2020, across the top eight cities, according to a report. Existing under-construction and planned supply of 1.0 million housing … READ FULL STORY
CREDAI Bengal, the state chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI) – the apex body for private real estate developers in India, launched the ninth edition of its realty … READ FULL STORY
The West Bengal Electricity Regulatory Commission (WBERC), may unveil renewable energy regulations in a fortnight, paving the way for households and housing complexes to install solar rooftop panels and connect them to the grid. … READ FULL STORY
Nearly 9.6 million sq ft of Grade A office space was absorbed, during the July-September quarter of this year, according to a report by property consultant Colliers International. As per the survey, southern cities … READ FULL STORY
US-based hospitality chain JW Marriott, on October 25, 2016, threw open the doors of its luxury property in Kolkata – the first in the eastern region. The property, built jointly by real estate developers, … READ FULL STORY
The enactment of the Real Estate (Regulation and Development) Act 2016, is expected to provide a fillip to the real estate and construction sector and improve ease of doing business in the country. Added … READ FULL STORY
