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CommonFloor Editorial Team

Investment

India’s investment in overseas takes a hit

Bad news creeps-in for foreign companies as Indians step back from remittances and investment in overseas. Going by RBI data, a sum of only USD 75 millions has been spent in shares, education, property transactions and gifts for people living abroad. The amount generated is three times lower than the average monthly outflow of USD […]

CommonFloor Editorial Team

Real estate expectation

Budget 2014-15: Expectations for the Real Estate Sector

Hon’ble Finance Minister will present the interim budget for 2014-15 in the Parliament on Monday Feb 17, 2014. The budget will focus on presenting the report of the Centre’s income and expenditure in the Parliament during the fiscal year 2013-14, it will also focus on coming up with certain policies and measures that lead to […]

CommonFloor Editorial Team

Common issues the apartment office-bearers face and possible solution for it

Apartment office bearers or management committee are assigned to do various tasks as per the resident welfare association and most of their work is in the direction of proving a better living space for all concerned. But often they are facing the heat with various administrative and financial issues. There are some common problems faced by […]

CommonFloor Editorial Team

Draft New Town Kolkata Planning Area (Building) Rules 2014 and LUDCP

Alarmed by the unplanned urbanization in the New town planning area, which falls under the local panchayat, the government of West Bengal has drafted New Town Kolkata Planning Area (Building) Rules 2014 and a Land Use and Development Control Plan (LUDCP). New Town Planning Area which is called the HIDCO planning area covers 24 mouzas- […]

CommonFloor Editorial Team

Stamp Duty cut a relief for property owners in West Bengal

The year 2014 began with a good news for about 85,000 flat owners owning flats in co-operative housing societies in Salt Lake, Rajarhat, North Kolkata, Burdwan and Durgapur and other places in West Bengal. State Finance department, Government of West Bengal issued an order in January 2014, allowing the original members of co-operative housing societies […]

CommonFloor Editorial Team

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