How Durga Puja in the Housing Complexes in Kolkata Becomes Amazing Social Festivals
Purnendu Sengupta, and his wife Arundhati, both NRI IT professionals, had no idea that housing complexes in Kolkata turn into festive zones during Durga Puja until they visited their apartment last year this time around. Durga Puja, without a doubt, is special for any Bengali, more so for the Sengupta family because this is their…
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Can ‘Reverse Mortgage’ Become More Popular in India in Future?
72-year-old Asit Sen and his wife, 68, live in a house he owns in Manicktala. That’s the only asset the couple has. A former employee of the local post office, Mr. Sen lives off his meagre pension but with his wife’s illness, things are getting difficult to manage. Their son, who lives in Australia barely…
What are the Effects of RERA after Three Months of Implementation?
Real Estate (Regulation & Development) Act (RERA), 2016, India’s big-bang real estate reform, became effective from May 1, 2017. Every real estate project (either above 500 sq. mt. or 8 apartments), new or ongoing, is to be sold or advertised by the builder falls under the ambit of this new regulation. The new act…
Why is BT Road Fast Turning into a Hot Location for Home Buyers?
Kolkata appears to have come out of the hangover of long time underdevelopment, and the city is fast coming alive to much-improved facilities, cleanliness and urban infrastructure. One such stretch is B T Road which was somewhat neglected by the home-buyers for a long time has now become a highly preferred location for owning a…
Will Hyderabad Metro Solve Future Traffic Problems?
It is aptly said that the managers solve the problems of today, while the leaders solve the problems of tomorrow. While Hyderabad is not suffering from huge traffic snarls except some traffic jams in some areas during peak hours, the decision to construct Hyderabad Metro Rail was taken looking at the future growth of the…
Kolkata Property Market is Upbeat, Bookings Increasing
Kolkata property market has left the sluggishness of Jan-March quarter and saw a substantial increase in buyers’ interest and bookings in Apr-Jun quarter. It is also expected that the trend will be positive with interest rate reduction announced by the RBI. Property sales in Kolkata were somewhat sluggish in the last quarter of the financial year…
How are the Start-ups in Hyderabad Growing Rapidly after Bangalore?
The first thing that strikes our mind when we hear the word start-up is Bangalore. For some time now, the green city, as it is called, has been the hotbed for upcoming start-ups in the country. Over the years, the city has established itself as the startup capital of India, but now, with the launch…
Is the End of the Water Problem in Hyderabad is in Sight?
The water problem in Hyderabad, the IT corridor of India, became a severe water crisis last year when all the four reservoirs that supply water to the city dried up for the first time in 30 years. Soaring mercury, scorching heat, and the falling ground water level further added to the woes of the Greater…
Will RERA Implementation Reduce New Property Launches?
Market analysts and investors are of the opinion that the Real Estate (Regulation and Development) Act, 2016 (RERA), with its consumer-centric approach, will be a game changer for the real estate industry. The new legislation, which many believe will have far-reaching implications, aims to address the grievances that buyers over the years had against developers….