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 Kolkata Real Estate Market News
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Real estate market news in Kolkata keeps you in tune with the events that are far reaching in impact and can considerably change the property scenario in the city. As a real estate investor or a property buyer or seller, you must take pains in procuring real estate market news because it enables you to figure out the best alternative before going ahead with your commercial property deals.
The real estate market in Kolkata is unpredictable because a number of factors influence the trajectory of its course. It is through an in-depth awareness of the ongoing activities in the realm of real estate that you can understand the trend of Kolkata real estate market properly and can safeguard your venture against any volatility. Thus property news in Kolkata plays a vital role in the overall development of the city. Your requirement is our concern and hence in this section of the website indiahousing.com, we bring you the most up-to-date Kolkata real estate news.
Kolkata property market has emerged as one of the most lucrative destinations for real estate investments and in the last two years, it has attracted a total amount of Rs 25,000 crore from real estate investors.
A Singapore real estate firm is developing luxury condos 'Elita Garden Vista' in New Town, Kolkata. The 25 acre residential complex will have features like wi-fi connectivity, underground parking lot, aroma garden and mini cricket field.
Life Insurance Corporation of India (LIC) is in the process of acquiring land in Kolkata in order to develop residential and commercial complexes in the current fiscal year. The proposed plan involves an investment of Rs. 2,000 crore in addition to Rs. 1,100 crore already invested in the last year.
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The project to develop a commercial complex and shopping mall in a plot owned by Calcutta Metropolitan Development Authority (CMDA) in Ultadanga is given to the Fort Group, a real estate company in Kolkata.
The construction of Rajdanga Sports cum Commercial Complex will soon start at an estimated cost of Rs 200 crore.
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