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Kolkata

SMC Real Estate will now assist Excellence Group to promote and market their real estate projects

SMC Real Estate will now assist Excellence Group to promote and market their real estate projects
Excellence Group announces its tie-up with SMC Real Estate Advisors Pvt. Ltd. to promote and market their real estate projects. This will strengthen its presence in the industry as one of the leading players in Pune. Excellence Group, one of India’s leading business conglomerate, situated in Pune, announced its strategic tie-up with SMC Real Estate [...] Continue Reading »

West Bengal Housing Board invites applications for Housing Schemes 2015-16

West Bengal Housing Board invites applications for Housing Schemes 2015-16
On the occasion of Mahashivratri, West Bengal Housing Board invites applications for sale of dwelling units (flats and houses) and Income eligilbilty is HIG with gross monthly family income Rs 40,000 and above. Information brochure and application form will be available only from Banks Branches mentioned below: State Bank of India Bank of Maharashtra Union [...] Continue Reading »

Tata Housing to invest Rs 1,500 cr in Mumbai and Kolkata realty projects

Tata Housing to invest Rs 1,500 cr in Mumbai and Kolkata realty projects
Tata Housing Development Company Ltd., one of India’s leading Real Estate Developers, to develop two new residential projects in Mumbai and Kolkata. Tata Housing will invest Rs 600 crore to develop about 700 units in a luxury housing project at Mumbai and Rs 800-900 crore in Kolkata to construct about 2,500 units in various phases. [...] Continue Reading »

StayWell Hospitality: Rapid Expansion Plans in India to by 2017

StayWell Hospitality: Rapid Expansion Plans in India to by 2017
FDI is changing the face of Indian real estate. And the latest add on to this segment is the investment of StayWell Hospitality Group of Australia who will be investing around USD 20 million in India. This step taking by the group is with a keen eye to spread their wings in India 18 hotels [...] Continue Reading »

West Bengal makes strong pitch for 10 ‘smart cities’

West Bengal makes strong pitch for 10 ‘smart cities’
At the 51st Annual General Meeting of the Indian Paint Association – which is a CII affiliate – in Kolkata on Monday, West Bengal’s Minister for Municipal Affairs and Urban Development, Firad Hakim, said that the State has made a strong pitch for 10 ‘smart cities.’ With regard to West Bengal’s proposal for 10 ‘smart [...] Continue Reading »

Joint sector real estate ventures to close in West Bengal

Joint sector real estate ventures to close in West Bengal
The West Bengal Government is planning to exit the joint sector real estate ventures or special purpose vehicles that it had once set up. According to Alapan Bandhopadhyay, Principal Secretary, State Housing and Transport Department, these joint ventures will not be the mainstay of the housing department. The joint sectors that they have set up [...] Continue Reading »

Plans Sanctioning to happen online

Plans Sanctioning to happen online
Months after scrapping the relaxation the previous Left Front government had given on land holdings beyond ceiling, the Mamata Banerjee government has taken a similar route to boost urban infrastructure. Another new decision has occurred as all building plans will be sanctioned online from now on. The government has come up with a policy for [...] Continue Reading »

Calcutta SE to sell 3-acre prime land on city’s eastern commercial corridor

Calcutta SE to sell 3-acre prime land on city’s eastern commercial corridor
One of the assets of the Calcutta Stock Exchange (CSE) is up for sale. The asset is a three-acre prime land on the eastern corridor of Kolkata. For the sale of the prime land, CSE has hired property consultant Jones Lang LaSalle (JLL). Going by the estimates of unidentified sources in the realty market, the [...] Continue Reading »

InterContinental Hotels, Jain Group team up for Holiday Inn in Durgapur

InterContinental Hotels, Jain Group team up for Holiday Inn in Durgapur
In a recent press release, hospitality bigwig InterContinental Hotels Group (IHG) has announced that it has teamed up with Kolkata-based Jain Group for developing a Holiday Inn in Durgapur. The Holiday Inn for which IHG has partnered with Jain Group will mark the foray of the Holiday Inn brand in the industrial town of Durgapur. [...] Continue Reading »

If purchasing a property, select one before elections are over

If purchasing a property, select one before elections are over
Discounts and offers from real estate developers are common but during this Navaratra the real estate developers are offering huge discounts and flexi payment scheme to attract buyers. The reasons behind this response are that the real estate market is noticing oversupply. As per Cushman and Wakefield there was 12 percent decrease in new launches [...] Continue Reading »



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