Tag: West Bengal

FIRE Capital To Invest In Affordable Housing

As affordable housing is becoming the new mantra for real estate developers, the concept is attracting a lot of attention from the real estate funds fraternity. The $250-million First Indian Real Estate (FIRE) Capital Fund Ltd is making its first deal in the segment. According to industry sources FIRE Capital is currently in the due […]

REBI Is Planning To set Up 3,000 Franchisees Across The Country

Real Estate Bank India (REBI), is planning to set up three thousand franchisees across the country, with about forty eight outlets in West Bengal in the next few years. Across the eastern region, REBI would open two hundred stores, said Hemant Sikaria, regional head of REBI, on the occasion of launch of two-day expo, Franchise […]

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 […]

Domestic Hospitality Under Transformation

The domestic hospitality industry is undergoing rapid transformation, with several hotel groups investing in new properties across India and the globe. Additionally, real estate players are entering the industry through management contracts with established hotel chains. This expansion in the hospitality business is taking place on account of the massive growth that India is likely […]

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. […]