In this dynamic housing scenario, the landmark initiative of the Chief Minister of West Bengal, Mamata Banerjee, the ‘Banglar Bari’ housing scheme, has been instrumental in alleviating the challenges faced by the rural poor. Overview of the Banglar Bari Housing Scheme The ‘Banglar Bari’ housing scheme is designed to provide financial assistance to approximately 28 lakh eligible families...
Among India’s culturally and spiritually rich heritage sites, few are as significant as Sagar Island, home to the revered Ganga Sagar Mela. Each year, millions of pilgrims journey to this sacred site at the confluence of the Ganges River and the Bay of Bengal to perform rituals and seek blessings. However, despite its importance, access to Sagar Island has long been hindered by limited transportation...
As we step into 2025, the Indian real estate market is poised for significant change. Projections indicate an average increase in India home prices by 6.5%, driven by factors like urban migration and growing wealth concentration. With younger generations seeking better opportunities and the affluent class driving demand, the housing market is dynamic and evolving. Moreover, sustainability is gaining...
In recent years, the Indian real estate market has witnessed a significant shift towards the premium housing segment, with a notable 41% of sales now coming from homes priced above ₹1 crore. This remarkable growth reflects not only changing consumer preferences but also evolving market dynamics that favour luxury living. For real estate companies, understanding this trend is crucial for tapping into the...
According to real estate consultant Knight Frank, the Indian real estate sector is expected to expand to $5.8 trillion by 2047. This remarkable milestone is expected to coincide with India's 100th year of independence, marking a significant achievement for economic development. This projected growth is a result of various factors, including urbanization, infrastructure development, policy reforms, and...
The first quarter of 2024 has seen a remarkable shift in the real estate sector, with the luxury housing segment taking centre stage. According to recent reports, luxury housing accounted for 34% of total housing launches in Q1 2024. This trend signifies a growing demand for premium living spaces and reflects the evolving aspirations of homebuyers seeking not just homes but luxury experiences. In...
Warehouses are an important part of the supply chain. It serves as the backbone of the supply chain management, storage, and distribution of goods. A well-organized logistics park acts as a central node where goods are stored, processed, and distributed to their final destinations—for instance, Logistic Park, developed by Srijan Realty, a trusted real estate developer in Kolkata. The Logistics Park...
The West Bengal government has declared the end of temporary relief measures for the real estate sector, which included a 2% reduction in stamp duty and a 10% decrease in the circle rate, starting from 1st July, 2024. These measures were initially implemented on October 30, 2021, to address the economic slowdown brought about by the COVID-19 pandemic and have been extended multiple times, with the final...
The real estate market in Kolkata has recently experienced a remarkable surge. The real estate report showed that property registrations especially in a residential complex in South Kolkata soared by 17% year-on-year growth. This significant uptick is indicative of several underlying factors, such as economic conditions government policies market trends, and consumer behavior. This blog delves into the...
In a significant ruling aimed at controlling unauthorized constructions and ensuring planned urban development, the Calcutta High Court has mandated that no building registration will be allowed without a sanctioned plan. This landmark decision reinforces the importance of adhering to approved building plans and highlights the judicial system's role in promoting lawful and organized urban...