Aiming at reviving the tea industry and increasing employment opportunities, the West Bengal cabinet, on October 31, 2019, decided that 15% of land of a tea garden can be used for construction works. A … READ FULL STORY
The real estate sector, which witnessed decades of traditional approaches, will now be revolutionised by ‘disruptors’ that have initiated a new wind of demand in the sector, says a report titled ‘Real Estate – … READ FULL STORY
In the top 9 cities in India, there has been a massive developer consolidation, with over 50% of the total developers that existed in 2011-12 leaving the market by 2017-18, according to PropEquity Research. … READ FULL STORY
Kolkata-based Shristi Infrastructure Development Corporation Ltd faces an arbitration claim of Rs 160 crores from Rishima SA Investments LLC, an investor of a 5-star hotel project in the city. Mauritius-registered Rishima had invested Rs … READ FULL STORY
Abhijeet Kasliwal Marketing head, Kolkata “I have been living on rent for five years and it has been a learning experience. After completing my higher studies in Kolkata, I shared an accommodation with my … READ FULL STORY
The growth of the ecommerce industry in India, has led to an increase in the demand for warehousing, for the products sold by these platforms. This demand, is likely to spur innovation and make … READ FULL STORY
Unsold real estate inventory in the country, is often blamed on over-supply. The root cause of what is termed as over-supply, may, in fact, be the mismatch between demand and supply. However, this fails … READ FULL STORY
In 2018, the real estate sector’s focus was on ensuring affordability of homes, balancing the impact of the Goods and Services Tax (GST) and improving sales, while also witnessing the fallout of the liquidity … READ FULL STORY
India witnessed a gross leasing activity amounting to 50 million sq ft in 2018, across the major seven cities, the highest in the past eight years, driven by buoyant leasing in Bengaluru and Delhi-NCR. … READ FULL STORY
West Bengal environment minister Suvendu Adhikary, on February 13, 2019, said that saving wetlands was the top-most priority of the state government. He said 12,500 hectares of wetlands was protected in recent times by … READ FULL STORY
Reliance Industries’ CMD Mukesh Ambani, on February 7, 2019, announced Rs 10,000 crores more of investment in West Bengal, in expansion of his firm’s telecom network, as also a new e-commerce venture. Ambani, who … READ FULL STORY
Sales of housing units in the top nine cities of Mumbai, Pune, Noida, Gurugram, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad, fell by eight per cent during the October-December period of 2018 (Q3 FY2019), as … READ FULL STORY
The residential market saw some upward movement in sales velocity in 2018 but the year stopped short of a significant recovery. Total sales of residential units were estimated to be 242,328, registering a six … READ FULL STORY
