Tag: Kolkata

SEZ Kolkata Restarted

One of the leading real estate developers in India, DLF, has been granted the NOC from the government today, thus the firm will now resume its plan for SEZ, a special economic zone in Kolkata. After a meeting of the Board of Approval which is the nodal body for SEZ-related matters, Mr. D K Mittal, […]

Demand of Commercial Property is Back

March 12, 2010 The conditions of commercial property are finally ameliorating. Both the retail space and office are back in demand. Although, the development in 2010 is most likely to occur in tier-1 cities of Mumbai, NCR, Bangalore and Chennai, a new group of companies is, for the first time, considering off shoring in these […]

Mumbai high street rentals see biggest crash

As the global slowdown pushed consumers to stay at home, retailers halted expansion plans and checked out of expensive high-street locations. Rental rates at high street locations across the world crashed, with the biggest crashes in Mumbai. Among the exceptions were Bangalore’s two iconic retail hubs, Brigade Road and Commercial Street, and Kolkata’s Camac Street. […]

Unitech presents Unihomes

Unitech Developers are now concentrating on Kolkata. They present new stylish affordable residential apartment Unihomes at Kona Expressway Kolkata with lots of modern amenities. Unihomes offers one and two bedroom apartments that are suitable for contemporary urban living. A desirable and contemporary place within the reach of your pocket. Apartments Price is starting at eighteen […]

Builders under pressure as buyers force for refund

Some of India’s largest real estate firms such as DLF, Unitech, Omaxe and Parsvnath that launched multiple projects at the peak of the real estate boom are now under pressure from buyers and investors who look to exit these projects. Already in a difficulty due to unavailability of bank loans and a fall in sales, […]

Malls losing brands to high street

Malls are loosing brands to high street. Retailers grappling with issues of viability, visibility and branding are now quitting malls. Recent months have seen a gradual, but noticeable exodus of brands from malls to single-format stores on high street. This trend has added to the stagnant spaces in new malls, which have already been finding […]

Delhi registers highest vacancy in mall space

Delhi and its neighboring regions witnessed 24% vacancy in its mall space in 2008, the annual retail report issued by international real estate consultant Cushman & Wakefield has indicated. The mall rentals in Delhi also showed a proportionate decline in the range of 12-22%, the report said. Vacancy levels in Pune malls were also high […]

State Government Granted SEZ Status To JSW Steel Plant Project

KOLKATA: The state government has granted to a proposal for granting SEZ status to the JSW steel plant project at Salboni with specific pre-conditions, in addition to which it has approved the acquisition of 3500 acres for Aerotropolis project containing a private airport and real estate at Andal. The Cabinet sub committee on industry agreed […]

Mahindra and Mahindra Limited Will Invest In Real Estate And It Sector

Kolkata: Although bullish about the investment opportunities in the state, Mahindra and Mahindra Limited does not have any immediate plan to invest here through its regular brands. Any investment here will rather be in the real estate and IT sectors, Mr Anand Mahindra, vice-chairman and managing director of Mahindra and Mahindra Limited said. He was […]

Slowdown In IT And ITeS Office Space n Gurgaon and Noida

Economic slowdown in the US is expected to temper demand for IT and ITeS office space in Gurgaon and Noida during the second half of 2008, a global realty consultant has said in its report. In its latest report for second quarter 2008, Jones Lang LaSalle Meghraj said that though Indian office markets have continued […]

Malls Creating Pollution

Behind the glitz and glitter, muck and toxic smoke. A recent study has shown that mall mania in Kolkata may not just be burning holes in pockets it could be blasting a bigger hole in the ozone layer in the city skies. Waste generated by malls is a major cause of air and soil pollution […]

Integrated Logistics Park In Haldia By AILPL and Eredene Group

In a joint venture with Apeejay Infra-Logistics Pvt Ltd (AILPL), UK-based Eredene Group, which has a 50 % stake, is set to develop an integrated logistics park in Haldia. “In this view, the Haldia Development Authority has already earmarked ninety acres of land for them in its industrial zone area and the lease acquirement is […]

Hike In Property Price Of Kolkata

Property prices in and around Calcutta could shoot up by as much as 15 % as city developers contemplate a basket hike in product prices to combat a steep rise in input costs. The real rise in realty rates, though, could be tempered by a slack market. According to Pradeep Sureka“There’s no way we can […]

DLF Plans Multiplexes In Different Part Of Country

Chandigarh: DLF, a leading real estate player in the country, plans to invest Rs 1,250 crore for the development of its multiplex business. The company has planned to add minimum 500 screens in the next four to five years across the country. DLF’s entertainment arm DT Cinemas will set up a megaplex, which will have […]

Audi plans to sell 1,200 units India in 2008

Considering the boom in the luxury car segment in the country, German car maker Audi said on Friday it expects to sell 1,200 units in India by the year. The company is also ready to start assembling its, yet to be launched, A4 variant in the country with an investment of 10 million euros.

Go green, Bengal Chief Minister tells Realtors

KOLKATA: Buddhadeb Bhattacharjee Chief Minister of West Bengal expects real estate developers to think green. Inaugurating the ‘Realty Expo 2008′ organized by Confederation of Real Estate Developers Association of India (Credai-Bengal) at the Science City grounds on Wednesday; he said realty industrialists should concentrate on developing green buildings which make better use of solar energy. […]

Ahmedabad New Center Of Real Estate Boom

The real estate development in Ahmedabad has seen tremendous growth over the past two years. The property prices have shot up faster than even Delhi or Mumbai and investors are making beeline to buy them. A. Mukhopadhyay, an NRI is looking to purchase a house in Ahmedabad. Mukhopadhyay has his roots in Kolkata but he […]