Tag: New Town

Latest StoriesRegulatory

NKDA Sends Notices to 37 New Town Buildings in Kolkata

Representative image KOLKATA: The New Town Kolkata Development Authority (NKDA) has issued stop operation notices to the owners of 37 residential buildings in New Town for illegally operating hotels and guest houses without the required permissions. According to the list of buildings receiving these notices, 19 are situated in various blocks of New Town Action Area I, while 18 are in Action Area II. Officials reported that these residential premises were functioning as guest houses, hotels, and banquet halls without the necessary approvals from relevant authorities. “These operations violate a notification from the state urban development department issued in 2015,…

Latest StoriesResidential

Kolkata: West Bengal Lowers Circle Rates in Select Areas

KOLKATA: The state government has revised the circle rates in various localities in Kolkata, including Salt Lake and New Town, addressing concerns that recent increases of 80%-90% significantly raised the financial burden of stamp duty and registration fees for homebuyers. According to insiders from the directorate of registration and stamp revenue in the finance department, this adjustment of the circle rate—which establishes the minimum property price for official sale and purchase registration—was made in response to appeals from organizations such as the West Bengal chapter of the Confederation of Real Estate Developers Association of India (Credai). They pointed out discrepancies…