Tag: West Bengal

Latest StoriesResidential

West Bengal CM: Redevelopment Won’t Threaten Residence Rights

KOLKATA: Chief Minister Mamata Banerjee reassured residents of central Kolkata on Wednesday that their rights would be preserved following the redevelopment of dilapidated buildings. She emphasized that every legitimate resident would be documented and granted occupancy certificates, but urged caution regarding safety. During the inauguration of Jagaddhatri Puja by the Posta Bazar Merchant Association, Banerjee acknowledged the past accidents in the area. “Through collective efforts, we’ve successfully reduced such incidents,” she stated. “There are several crumbling buildings here. The KMC has issued notices, but residents are concerned about their living arrangements post-demolition. They must realize that staying in these structures…

InfrastructureLatest Stories

West Bengal CM urges councillors to provide drainage for high-rises

KOLKATA: Chief Minister Mamata Banerjee called on Kolkata Municipal Corporation councillors to learn from the heavy rainfall on September 23, emphasizing the need for adequate drainage in high-rise buildings. The CM cautioned the councillors to heed recent experiences in both Kolkata and North Bengal. “The water accumulation in high-rises stems from improper dredging by builders. Many do not even provide the necessary documentation. High-rise complexes should have designated parking, but if there’s no drainage system, how can we manage the water? This calls for thorough inspections post-construction to ensure all facilities are in place,” the CM stated. Additionally, CM Banerjee…

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…

IndustryLatest Stories

Credai Urges West Bengal Gov to Tackle Flat Cost Puzzle

KOLKATA: The largest association of developers in the state has contacted Chief Secretary Manoj Pant regarding a recent amendment to the query requisition form used for assessing stamp duty and registration fees by the Directorate of Registration and Stamp Revenue. The amendment now requires the inclusion of the super built-up area (SBUA) alongside the built-up area (BUA), carpet area, and the total number of floors in the form. Authorities are now insisting that SBUA information be included in both the agreement for sale (AFS) and the conveyance deed. According to Credai West Bengal, this change has complicated the registration of…

IndustryLatest Stories

West Bengal to Allocate 20 Acres in New Town for Development

AI-generated Representative Image KOLKATA: The Bengal government plans to release approximately 20 acres of land in New Town Action Areas II and III for various purposes including residential, commercial, and mixed-use developments. HIDCO will auction these parcels via e-auction next month. Two plots of 4.1 acres each in Action Area II and three additional plots measuring 7.3 acres, 3.2 acres, and 0.6 acres in Action Area III have been earmarked for this initiative. The starting bid for the 7.3-acre parcel is set at Rs 292.2 crore, while the smallest 0.6-acre plot starts at Rs 26 crore. Officials noted that New…

CommercialLatest Stories

West Bengal to Develop Four New IT Parks

KOLKATA: The Bengal government plans to establish four new IT parks, with three located in north Bengal and another in Chinsurah, Hooghly. The Gorkhaland Territorial Administration (GTA) has commenced work on the IT park in Kurseong, while construction in Kalimpong is expected to begin shortly. State IT and Electronics Minister Babul Supriyo stated: “We are significantly focusing on developing IT infrastructure in north Bengal. With all three existing IT parks in Siliguri fully operational and at 100% occupancy, we are motivated to create three additional parks in the region. The GTA is responsible for constructing the IT park in Kurseong,…