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NANDU BELANI
Kolkata: Post-sop registrations in 8 months beat 2020 statsSince demand stimulants by way of stamp duty cuts and circle rate deductions were announced eight months ago, 28,935 residential property d...- Property prices may go up in Kolkata by 10% in the 6-12 months says CREDAI-West BengalAccording to the property builders construction cost has gone up by 12% in the past one year and the labour cost has increased by almost 20...
- Realty firms may witness margin shrink by four to six percent due to rise in steel pricesPrice of construction steel or TMT bars had recently touched Rs 45,000 a tonne in some markets, which was at least 30-40 per cent higher th...
- West Bengal: No CC for New Town buildings left uncovered during constructionDuring a board meeting of the NKDA on January 27, a special resolution was adopted to address the issue, recognising the fact that the cons...
- KMC plans one-point nod for building plansProdded by the urban development ministry, Kolkata Municipal Corporation has embarked on a project to expedite sanction of building plans.
- Global pension funds are eyeing Bengal's real estate marketWith REIT opening up giving these foreign funds an opportunity to exit, the existing private equity funds such as KKR, Blackstone, JM Finan...
- West Bengal to see Rs 4,300-crore investment in logistics by 2020: JLL IndiaJLL India has released a report 'Bengal- Destination Next for Improved Infrastructure and Efficient Logistics' at the Bengal Global Busines...
- GST likely to impact the home buyer: Nandu Belani, CREDAI Bengal"Developers are trying to assess whether the new tax regime will reduce complexities and ensure a level playing ground for buyers and devel...
- CREDAI seeks abolition of stamp duty on landed property after GST implementationThe trade and industry are major gainers of GST as it eliminates multiple taxation at the state and the Centre levels and the consequent ca...
- RERA roadmap in Bengal still not clearMay 1 was the deadline but so far only 13 states, including Gujarat, Uttar Pradesh and Madhya Pradesh have notified RERA.
- RERA will push construction cost by 10 per cent, says CredaiRERA mandates builders to keep 70% of the collection from sales proceeds in an escrow account leaving less flexibility to utilise the proce...
- Hike in cement price set to hit Modi’s pet housing projectPrice of a 50kg cement bag has increased to Rs 300 in the past two months. Developers in Kolkata say that the price will be hiked further t...
- Builders look beyond West Bengal to scale up businessThe South City Projects (a consortium of builders), for instance, is discussing a project in London, besides finishing their futuristic res...
- Sale of luxury homes picks up pace in KolkataProperties in Ballygunge and New Alipore are now priced at Rs 18,000-Rs 20,000 per sq. ft. compared to around Rs 25,000 per sq. ft. back in...
- PNB Housing Finance limited signs MOU with CREDAI to train construction workers in West BengalCREDAI-Bengal would also be setting up permanent (off-site) skill development centres in Medinipur and Murshidabad - places with huge conce...
- Credai Bengal Realty Expo 2016 in its ninth editionCredai Bengal’s objective Belani said is to enhance real estate market scenario at areas like Smart City- Rajarhat and New Town.
- Hiland Group ties up with painter Paresh Maity for Tagore theme project in SantiniketanIn the first phase, the project will have 35 exclusive villas and 167 row houses which will cost between Rs 30 lakh to Rs 55 lakh.
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