Kolkata

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 »

Senior citizens – a budding real estate mkt for developers

Senior citizens – a budding real estate mkt for developers
As per realty experts, for property developers as well as other allied services providers senior citizen are emerging as a new customer segment for creating a proper assisted living environment for them. According to a report by property consultant Jones Lang LaSalle, senior citizens are now being looked at as a potential real estate market [...] Continue Reading »

Bengal Abasan to develop apartments on Kolkata outskirts

Bengal Abasan to develop apartments on Kolkata outskirts
A Kolkata-based group of real estate developers named as Bengal Abasan Builders are planning to invest nearly Rs 800 crore to build around 1,600 flats in Kalikapur. This group is the part of city-based Urban Abasan Group. The projects name is ‘Urban Sabujayan’ which will be developed in two phases over the 22 acre area.  [...] Continue Reading »

Real estate sector looks up to Senior Citizens as new segment

Real estate sector looks up to Senior Citizens as new segment
A report by property consultant Jones Lang LaSalle throws light on the matter. According to the report, the elderly population is expected to grow to 173 million by 2025 and senior citizens are now being looked at as a potential real estate market. The report explains a lot of senior citizens are independent, financially stable, [...] Continue Reading »

Olympia launches super-luxury villa project in Bangalore

Olympia launches super-luxury villa project in Bangalore
The Olympia group, well known for developing residential and commercial spaces in Chennai and Kolkata, has now launched a new project Enchante in Bangalore. This project has 26 Villas in more than 4.5 acre land and is located behind Forum Value Mall. Mr. Ajit Chordia, managing director, Olympia group, says that they believe Bangalore is [...] Continue Reading »



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