Latest Property News on 'Kolkata'

Rajarhat Complex in Kolkata to Offer Luxury Condos, Singapore-Style

Realty major from Singapore is setting up luxury condos in New Town, Kolkata, complete with wi-fi connectivity, an aroma garden, an elevated green podium to camouflage the underground parking lot and a mini cricket field.

Elita Garden Vista, a 1,278-unit complex, is being developed on a 25-acre land parcel in Action Area III of the Rajarhat Township by Keppel Land Limited, the property arm of the Keppel Group, one of Singapore’s multinational behemoths with core businesses in offshore and marine infrastructure and property. Read More »

Kolkata Municipal Corporation goes after Property Tax Evaders

Kolkata Municipal Corporation (KMC) is yet to realize a whopping Rs 1,000 crore as property tax over the last few years. And now, it has planned to crack the whip on major defaulters and go for attachment of their properties.

Prodded by Mayor Bikash Bhattacharya, the civic body is now preparing a list of major defaulters. Under the glare are some nationalized banks, government departments and private commercial estates. According to KMC estimates, around 55 such defaulters owe the civic body Rs 110 crore as property tax, high enough to bore holes into its development plans. Read More »

Promising Times Ahead For Kolkata Real Estate

Kolkata property market has been growing by leaps and bounds and is today one of the most lucrative investment destinations in the state. The city has attracted around 25,000 crore in real estate over the past two years.

Gujarat real estate wins the second position with investments worth Rs 30,000 crore whereas Maharashtra comes third after West Bengal. Read More »

Bank of India Offers Loan to Buy Furniture

Shopping for exclusive furniture to furnish your apartment seems like a pretty fun but a prohibitive undertaking. However, the task seems to have become the most cost effective and easier with the first ever furniture loan mela in Kolkata.

In a tie-up with Bank of India, the customers can avail loan from Rs 10,000 to Rs 10 lakh for one year to three years. Read More »

Fort Group Bags Ultadanga Project

The Fort Group, a prestigious real estate company in Kolkata, won the project for development of a commercial complex and a mall over an area of 5.93 acre plot in Ultadanga, owned by the Calcutta Metropolitan Development Authority (CMDA).

The authority also has plans to take up a multitude of other construction projects with private partners, on its land in Kolkata. Read More »

Height of Land Acquisition Terror in West Bengal

A technical exercise to fine tune the instrument landing system (ILS) installed at Kolkata airport to ensure smooth operations of flight in low visibility, sparked terror at Deganga and Amdanga 30 km away.

A small aircraft which was repeatedly flying over the area at a low altitude perplexed the villagers, giving them an obscure idea that industrialists were on board the aircraft to search for land. At stake was their rich, which the government is planning to acquire for the development of the Barasat-Raichak Expressway.  The violence that followed was unexpected. Read More »

Explore Your Realty Options In Kolkata

Kolkata, situated on the east bank of the river Hooghly, is the capital of West Bengal. Also known as “City of Joy”, Kolkata is believed to be one of the cheapest cities in India.

The city is showing mark improvement in every sector with the largest in its property market. With an increasing demand for commercial as well as residential property, Kolkatta real estate is once again coming back into the active mode.

With a multitude of multinational companies entering here, there has been a sudden increase in the number of potential developers of upmarket property. As maintaining the global standard of living, most famed conglomerates are ready to spend extra amount to avail the facilities that are at par with international standards. Read More »

Singur Properties Bring ‘Smile Time’ For Property Developers

A real estate broker is in talks with a Mumbai based company regarding a deal for a 65 acres land. The plot is located around Singur, 40 km away from Kolkata, at Rs 22.5 lakh per acre.

The last deal he did fetched Rs 4.5 lakh per acre. The project that had drawn such a large attention for protests over land acquisition for development of Tata’s car project has become the cynosure of local property developer’s eyes who are desperately waiting to make a killing in on increasing interest of corporate players in land deals in the area. Read More »

Merlin to Build Rs 200 Crore Office, Sports Complex

Real estate developer Merlin Projects Ltd would shortly start construction of Rajdanga Sports cum Commercial Complex in the eastern fringes of the city.

The total cost of the project is estimated to be Rs 200 crore. Apart from the multiplex, the complex would have a stadium of 5,000 seats, state urban development minister Ashok Bhattacharya said.

The project would have a gym, club and sports facilities for football, cricket and athletes, Bhattacharya said. Read More »

Kolkata’s First Sports-Mall Complex

Ashok Bhattacharya, municipal affairs and urban development minister laid the foundation stone for the first sports complex, which will come up as a public private partnership (PPP) between the Merlin group and Kolkata Metropolitan Development Authority (KMDA) at Kasba in the southern fringe of the Kolkata.

This new sports complex will be called as the Rajdanga Sports cum Commercial Complex, and will feature a huge field to host games like football, hockey and cricket. However, there are no plans to lay a track for athletes in the field yet. Read More »