India’s residential market is witnessing a phenomenon the place the rise in value of homes might presumably crowd out finish customers or actual consumers, with traders coming in and making a bigger play. Sequential slowdown in gross sales is already seen due to value rise placing homes out of attain of consumers. Choose micro-markets like … Read more
Blackstone-sponsored Nexus Choose Belief is in talks with the Kolkata-based Ambuja Neotia group so as to add two malls within the metropolis to its portfolio for a consideration of ₹1,800 – ₹2,000 crore, sources stated. The Ambuja Neotia actual property group owns two malls in Kolkata, specifically, Metropolis Centre in Salt Lake and Metropolis Centre, … Read more
West Bengal CM Mamata Banerjee on August 16 held protest over Kolkata Rape and Homicide case. CM Mamata is demanding justice for the sufferer and capital punishment for the accused. Notably, a trainee physician was allegedly raped and murdered at RG Kar medical school and hospital on August 09. The CBI has taken over the … Read more
The Indian Structure recognises Bengaluru, together with Delhi, Mumbai, Kolkata, Pune, Hyderabad, and Chennai, as metro cities. Nevertheless, solely 4 cities—Delhi, Mumbai, Chennai, and Kolkata—qualify for the 50 per cent Home Lease Allowance (HRA) exemption underneath Earnings Tax laws. Bengaluru has lengthy sought to be included on this listing, however the Centre just lately confirmed … Read more
Kolkata witnessed a file development in residential property registrations in June, because the West Bengal authorities withdrew rebates on stamp responsibility and circle fee, efficient from July this 12 months, after offering these advantages for the final three years. A complete of 4,292 residential properties have been registered in Kolkata Metropolitan area in June 2024, … Read more
Kolkata’s first-ever built-in enterprise park has obtained encouraging responses up to now, with over 35 per cent reserving of whole saleable space in the previous few months. Intellia Enterprise Park, a three way partnership amongst three actual property firms — Srijan Realty, PS Group and Signum Group — is unfold over eight lakh sq. toes … Read more
Given the rising passenger quantity within the home sector, Cochin Worldwide Airport Restricted has launched extra companies to Kolkata, Chandigarh, Varanasi, Raipur, Ranchi, and Lucknow. A press launch mentioned that the companies had been launched within the revised summer season schedule even because the airport noticed an 18 per cent enhance in passenger volumes in … Read more
In an formidable endeavour, Syama Prasad Mookerjee Port, Kolkata (SMPK), plans to reconstruct and mechanise two container berths on the Netaji Subhash Dock of the Kolkata Dock System (KDS) inside two years. SMPK goals to award the ₹800-plus crore public-private partnership (PPP) tasks within the subsequent three months. The Ministry of Ports, Transport and Waterways … Read more
Prime Minister Narendra Modi on Wednesday unveiled a number of metro initiatives throughout the nation, together with India’s first underwater metro line in Kolkata. The ₹4,965-crore Howrah Maidan-Esplanade part of Kolkata Metro’s East-West Hall, which has the primary transportation tunnel “below any mighty river in India”, was inaugurated by the PM. The stretch additionally has … Read more
The Nationwide Financial institution for Agriculture and Rural Growth (Nabard) on Saturday projected a sturdy double-digit progress in precedence sector lending potential of ₹3.15 lakh crore in West Bengal for 2024-25. Additionally learn:Nabard pegs precedence sector credit score potential for Telangana at ₹2.80 lakh crore NABARD’s Chief Common Supervisor Usha Ramesh unveiled the West Bengal … Read more