Home buyers in Kolkata fret as software glitch holds up registration – ET RealEstate

KOLKATA: Nearly two weeks after the state budget announcement of 2% reduction in stamp duty and 10% slash in circle rates for properties registered by October 30, new home buyers have been unable to take advantage of the twin concessions due to a glitch in the registration software. The worst hit are those who had […]

Awfis opens two flexible workspaces in Kolkata – ET RealEstate

File photo NEW DELHI: Awfis has opened two flexible workspaces in at 50 Chowringhee Road and Ecocentre Business Tower, Sector V, Bidhannagar, Kolkata, the company said in a media release. The centre at 50 Chowringhee Road is spread across 78,000 sq ft. In the first phase, about 32,000 sq ft area of the centre will […]

Model tenancy act to help create effective rental marketplace in India: Report – ET RealEstate

The recently approved Model Tenancy Act, 2021 is expected to help create an effective rental market in India and urban India’s 21.72 million rented households offer a huge market opportunity for market participants to focus on housing projects solely for rental purposes, said a joint report by Knight Frank India and legal firm Khaitan & […]

Bidhannagar police urge Salt Lake homeowners to submit tenants’ details – ET RealEstate

KOLKATA: The Bidhannagar police on Sunday sought cooperation from the residents of Salt Lake and requested them to submit the details of tenants and paying guests staying in rented accommodations and guest houses. A meeting between the cops and the representatives of nine block committees in Bidhannagar Municipal Corporation’s (BMC) board of administrators chairperson Krishna […]

Ashiana Housing signs development agreement to build senior living project in Pune – ET RealEstate

NEW DELHI: Realty firm Ashiana Housing on Monday said it will develop a 12-acre housing project for senior citizens in Pune. In a regulatory filing, Ashiana Housing informed that the company has “entered into development agreement for developing a residential project in Pune on revenue sharing basis”. The company, however, did not name the company […]

RWAs seek email nod to check rented flats in Kolkata – ET RealEstate

KOLKATA: Flat owners in New Town complexes who live away and have rented them out have been calling up the respective residents’ committees to find out if someone could go up to the apartments and talk to the tenants to check if everything was alright. The RWAs have been telling these flat owners that they […]

Residential realty demand to touch pre-pandemic level only after FY23: Report – ET RealEstate

NEW DELHI: Improved affordability and continuing work-from-home will increase demand for residences by an average 5-10% (in terms of area) on-year in India’s top six cities this fiscal. But two of these – Mumbai and Pune – could see demand contracting because of a higher base of last fiscal, while the rest should see a […]

West Bengal offers help to set up covid isolation units on housing societies – ET RealEstate

Representative Image KOLKATA: The state health department on Monday issued an advisory to all major housing societies and high-rises in the city, asking the resident welfare associations to set up community-based isolation centres, assuring them of providing steady oxygen supply and daily visits by doctors there. Less than two weeks ago, KMC had made a […]

Price difference between completed, under-construction flats narrows to 3-5%: Report – ET RealEstate

NEW DELHI: The price difference between completed apartments and under-construction flats has narrowed down to 3-5 per cent as against 9-12 per cent in the calendar year 2017, as prospective homebuyers’ preference is shifting towards ready-to-move-in units due to risk factor, according to Anarock. According to a report by Anarock, one of the leading property […]

New Town Kolkata development body pushes for sustainable changes for all plots – ET RealEstate

KOLKATA: The New Town Kolkata Development Authority (NKDA) has issued an eight-point advisory urging residents of New Town to go in for planting trees in all plots, setting up electric vehicle charging points at car parking spaces inside housing complexes, using solar roof-top panels to give shade to rooftop urban farming, rainwater harvesting and so […]