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Kolkata’s First REIT Targets Commercial Growth

West Bengal’s First REIT ProposedIn a landmark development for the state’s real estate sector, West Bengal is set to launch its first Real Estate Investment Trust (REIT), focused on commercial properties in New Town and Salt Lake. The proposed REIT aims to attract both retail and institutional investors, marking a new chapter in the formalization and democratization of real...

2025-05-16 07:52:22

Joka Metro Drives 15% Jump in Home Inquiries

Kolkata’s Metro Expansion Boosts Realty in JokaThe ongoing metro rail expansion in Joka is proving to be a game-changer for Kolkata’s southern real estate market. The extension has triggered a 15% increase in residential inquiries, especially for 2–3 BHK flats priced between ₹60–90 lakh. With improved connectivity to central Kolkata and other business hubs,...

2025-05-16 07:49:31

Darjeeling’s Tourism Realty Gets 250 Cr Boost

Darjeeling’s Tourism Hub Secures ₹250 Cr InvestmentWest Bengal’s hill tourism is witnessing a major upswing as eco-resorts and homestay projects in Kalimpong, near Darjeeling, have attracted investments worth ₹250 crore. This funding influx is expected to transform the region’s commercial real estate landscape, especially in tourism-centric zones. The rising interest from...

2025-05-16 07:41:00

Asansol’s Realty Market Sees Stabilization

Asansol’s Realty Market Stabilizes Amid GrowthThe residential real estate market in Asansol, one of West Bengal’s key industrial cities, has shown signs of price stabilization, offering a timely window for investors and end-users looking for affordable yet growth-ready locations. Amid ongoing infrastructure development and expanding connectivity via NH-2 and rail corridors,...

2025-05-16 07:36:57

Kolkata’s Affordable Housing Jumps 12%

Kolkata’s Affordable Housing Up 12% in KonnagarThe affordable housing sector in Konnagar, a growing suburb of Kolkata, has witnessed a 12% surge in sales, driven by new EWS (Economically Weaker Section) housing projects and infrastructure support from KMDA (Kolkata Metropolitan Development Authority). Priced between Rs 25–40 lakh, these housing units are designed for first-time...

2025-05-16 07:34:57

Howrah Launches Blockchain Land Registry

West Bengal Expands Digital Land Registry to HowrahIn a move to strengthen transparency and property rights, the West Bengal government has extended its blockchain-based digital land registry system to Howrah. This initiative is set to streamline residential and commercial property transactions while curbing land-related disputes and fraud. By integrating blockchain technology, the land...

2025-05-16 07:28:53

Durgapur’s City Centre Nets ₹300 Cr in Leasing

Durgapur’s Commercial Realty Attracts ₹300 Crore InvestmentDurgapur’s City Centre is witnessing a major commercial real estate boost, as retail and office complexes secure investments worth ₹300 crore. This surge is reinforcing the region’s position as an emerging industrial-commercial hub in West Bengal. Developers are capitalizing on Durgapur’s strategic location,...

2025-05-16 07:26:54

Siliguri Hospitality Spurs 10% Rise in Plot Prices

Siliguri’s Hospitality Sector Grows 10% as Hotel Demand Soars in MatigaraApril 2025 – Siliguri:Siliguri’s thriving hospitality industry is fueling a real estate upswing, with commercial plot prices in Matigara rising by 10%, now ranging between ₹2,000 to ₹3,000 per sq ft. This growth is backed by a surge in hotel and resort projects, which have pushed occupancy rates up by 30%...

2025-05-16 07:22:28

Kolkata Enforces IGBC Green Norms in New Town

In a significant move toward sustainable urban development, Kolkata has made it mandatory for all new residential and commercial projects in New Town to obtain IGBC (Indian Green Building Council) certification. This regulation aims to promote eco-friendly construction practices, reduce carbon emissions, and ensure efficient resource use in upcoming developments. The initiative is expected to...

2025-05-16 07:16:07

Howrah Adds 1,200 Units in Liluah Housing Push

Howrah’s residential real estate market is experiencing a notable boost, with new projects in the Liluah area contributing an additional 1,200 housing units. This marks a 10% increase in residential supply, primarily aimed at meeting the needs of middle-income buyers. Priced between Rs 40–60 lakh, the new units are strategically positioned to attract urban families and working...

2025-05-16 07:12:15

West Bengal Summit Nets Rs 5,000 Cr Investment

West Bengal’s recent Investment Summit successfully secured Rs 5,000 crore in funding dedicated to industrial and tourism projects across the state. This substantial inflow of capital is set to energize key sectors, with Siliguri emerging as a major beneficiary in both residential and commercial real estate markets. The industrial investments aim to enhance infrastructure and...

2025-05-16 07:09:34

Darjeeling Eco-Homes Sales Rise 12% in Mirik

Darjeeling’s real estate market is witnessing a green revolution, with eco-friendly homes in the scenic town of Mirik experiencing a notable 12% increase in sales. These solar-powered homes, priced between Rs 50 lakh and Rs 80 lakh, are attracting environmentally conscious buyers who are keen to invest in sustainable living spaces amidst the serene Himalayan backdrop. The rising demand...

2025-05-16 07:07:16

Kolkata Retail Leasing Surges 15% in South City

Kolkata’s retail real estate market in South Kolkata is witnessing a remarkable surge in leasing activity, with organized retail spaces reporting a 15% increase in leasing over the recent months. This rise is driven primarily by growing consumer demand and increasing footfall in key shopping districts. Rental rates for retail spaces in South Kolkata currently range between Rs 70 and Rs...

2025-05-16 07:03:51

Kharagpur Industrial Plots Attract Rs 350 Cr

Kharagpur’s industrial real estate sector is witnessing a significant boost as new allotments in the Kharagpur Industrial Park have attracted investments totaling Rs 350 crore. This surge in interest is driving a 10% increase in demand for commercial plots within the region. The Kharagpur Industrial Park, strategically located near major transport hubs and industrial corridors, has...

2025-05-16 07:00:21

WB RERA Fines 15 Developers in Rajarhat

West Bengal RERA (Real Estate Regulatory Authority) has taken strong action against 15 developers in Rajarhat, Kolkata, by imposing fines for significant delays in project completions. This decisive move underscores RERA’s commitment to protecting homebuyers and enhancing transparency within the real estate sector. The delayed projects had created uncertainty and frustration among...

2025-05-16 06:58:12

Howrah’s Co-Working Spaces Grow Rapidly

Howrah’s co-working sector is witnessing significant expansion as startups, freelancers, and small businesses increasingly seek flexible office solutions. The total co-working space in Howrah has grown by an additional 30,000 square feet over the past year, reflecting the rising demand for affordable, scalable work environments. This growth is largely driven by the city’s young...

2025-05-16 06:56:16

Siliguri Commercial Plots Up 12% on Retail Demand

Siliguri’s Commercial Plots See 12% Price Rise Driven by Retail DemandThe commercial real estate sector in Siliguri, particularly along the busy Sevoke Road, has experienced a notable 12% increase in prices for commercial plots. Current rates now range from Rs 1,800 to Rs 2,500 per sq ft, driven primarily by growing demand for retail spaces. This surge is closely linked to the...

2025-05-16 06:54:26

Kolkata Luxury Flats Rise 8% Driven by HNI Demand

Kolkata’s Luxury Flats See 8% Price Surge Amid High DemandThe luxury residential market in Kolkata’s upscale Alipore area is witnessing a significant price increase of 8%, as demand for spacious 3–4 BHK apartments surges. Prices for these premium flats now range between Rs 2 crore to Rs 3 crore, attracting a growing number of High Net Worth Individuals (HNIs) and...

2025-05-16 06:47:17

WB Cuts Building Approval Time by 20% Boosting Realty

West Bengal Streamlines Building Approvals, Speeds Up Realty GrowthThe West Bengal government has announced a significant 20% reduction in approval times for real estate development projects, aiming to accelerate the city’s residential construction pipeline. This reform is expected to boost new housing developments, especially in key residential corridors such as EM Bypass and...

2025-05-16 06:44:56

Asansol’s Home Sales Jump 10% on NH-2 Boost

Asansol’s Residential Sales Rise 10% with NH-2 ConnectivityThe residential real estate market in Asansol has recorded a 10% rise in sales, driven by improved connectivity through National Highway 2 (NH-2). The demand surge is particularly strong for 2 BHK homes priced between ₹30–50 lakh, catering primarily to the growing population of industrial workers and mid-income buyers....

2025-05-16 06:41:51

Darjeeling Tourism Realty Surges 10%

Darjeeling’s Tourism Realty Up 10% Amid Eco-Resort BoomDarjeeling’s real estate sector is witnessing renewed momentum, with eco-resort developments near Tiger Hill pushing commercial land prices up by 10%, now ranging between ₹2,000–3,000 per sq ft. The surge is attributed to post-pandemic tourism recovery and rising investor interest in sustainable hospitality ventures....

2025-05-16 06:37:46

Kolkata Logistics Gets ₹600 Cr Boost on NH-6

Kolkata’s Logistics Sector Nets ₹600 Crore InvestmentKolkata’s logistics and warehousing sector has received a major boost, with Grade A logistics developments along NH-6 attracting ₹600 crore in investments. The expansion, covering over 2 million sq ft of new warehousing space, is set to transform the region into a key logistics hub for Eastern India. Strategically located...

2025-05-16 06:34:58

WB Launches Digital Land Titles in Siliguri

West Bengal Rolls Out Digital Land Registry in SiliguriIn a major leap toward real estate transparency, West Bengal has launched a blockchain-based digital land registry system in Siliguri, aiming to curb land disputes and boost investor trust in both residential and commercial realty markets. This initiative, led by the State Land Reforms Department, marks a turning point in how land...

2025-05-16 06:32:19

Durgapur’s Industrial Plot Prices Up 12%

Durgapur’s Industrial Realty Sees 12% Surge Amid Manufacturing Boom The industrial real estate market in Durgapur is witnessing a significant upturn, with commercial plot prices surging by 12%, now ranging between Rs 1,500 to 2,500 per sq ft. This growth is largely driven by the rise of new manufacturing units across the industrial belt. Over the past year, several medium and...

2025-05-16 06:29:09

Kolkata’s PropTech Startups Raise $3 Million

AI-Powered Property Tech in Kolkata Attracts $3M Funding Kolkata’s real estate technology landscape is gaining momentum, with local PropTech startups raising $3 million in funding to boost AI-powered property valuation platforms. These innovations are set to significantly enhance transparency and transaction accuracy, especially in high-demand zones like New Town and Rajarhat. Startups...

2025-05-16 06:21:31

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