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Industry Buzz Kolkata

Smart leaders, people can only make Smart Cities: Naidu

Smart leadership and smart people are essential pre-requisites for making cities smart’ asserted the Minister of Urban Development and Housing & Urban Poverty Alleviation M.Venkaiah Naidu. He elaborated on the attributes of smart leadership and smart people while addressing the “National Conclave of States/UTs on Smart Cities” attended by the Ministers and Principal Secretaries here today. After broadly defining the concept of ‘Smart Cities’, Naidu spoke at length on the…

NRI investments in realty to rise by 35%: ASSOCHAM

Indian property developers are anticipating a 35 per cent surge in enquiries from NRI-based purchasers as compared to last year about 18 per cent, reveals the Associated Chamber of Commerce and Industry of India (ASSOCHAM) latest study. The ASSOCHAM conducted a random survey of nearly 850 real estate developers in Delhi-NCR, Chandigarh, Mumbai, Kolkata, Bangalore, Hyderabad, Ahemdabad, Pune, Dehradun, Chennai etc. The survey reveals that interest for buying property by…

Naidu to address ‘Smart City’ conclave

The Ministry of Urban Development will discuss with all the States and Union Territories the central government’s ‘Smrart Cities’ projects. Urban Development Minister M Venkaiah Naidu convened a Conclave of Urban Development Ministers of States/UT for soliciting the views/suggestions of states/UTs on building 100 Smart Cities. Principle Secretaries of states/UTs dealing with urban development will also be attending the Conclave. Urban Development Ministry has come out with a Draft Concept…

Kolkata Metro to trigger investments in Kaikhali

When it comes to real estate in Kolkata, a few areas like Rajarhat and New Town stand out prominently. Among other areas with a potential to develop is Kaikhali. Why? The Kolkata Metro is expected to trigger a new phase of investment!

Plots or apartments: Where to invest in Kolkata?

Real estate investors are usually confused whether to invest in plots or apartments. One such query was received during a recent Magicbricks webinar organised in association with IIM-B which discussed consumer sentiments in Kolkata and Delhi NCR.

NAR India conducts 6th Annual Convention

NAR India (National Association of Realtors, India) and RECA Kolkata (Realtors and Estate Consultants Association of Kolkata) brought forward an immense platform where realtors from across the country and globally converged to Connect, Network and Grow with each other at the 6th Annual Convention at ITC Sonar, Kolkata. Firhad Hakim, Minister for Urban Development and Municipal Affairs – Government of West Bengal, was present at the convention. The guests of…

Property Perfume: Can you Smell The Money?

Want to sell a house? Getting a good deal from genuine buyers is the biggest challenge. Magicbricks is the answer. Here’s how – watch the hilarious commercial here.  In addition to the existing 3 TVCs Magicbricks is adding another creative and releasing an Integrated Marketing Campaign with a 360 degree media mix – TV, Print, Digital, Outdoor, Social and Mobile. The new creative is different from the earlier ones, as…

Industry welcomes SEBI’s approval on REIT

The Securities and Exchange Board of India (SEBI) approved the setting up of real estate investment trusts (REITs), a move that may offer a new source of financing to India’s cash-strapped property developers. Anuj Puri, chairman & country head, JLL India – With the stamp of approval by SEBI, REITs are finally a formalized concept. This is a big change from the ambiguity and uncertainty that prevailed about this very…

‘RURBAN Mission’ will change rural landscape: Gadkari

Union Rural Development Minister Nitin Gadkari said that Government is committed to providing good amenities, jobs and infrastructure in the rural areas on a priority basis. He said by providing basic facilities to all the stakeholders in the rural areas, the problem of migration can be tackled in an effective fashion. Gadkari was speaking here after launching Dr Shyama Prasad Mukherji RURBAN Mission which will be modeled on the best…

REITs gets SEBI board’s nod

The SEBI Board met in New Delhi and took the following decisions: I. SEBI (Real Estate Investment Trusts) Regulations, 2014 1. The Board approved the SEBI (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) thereby providing a framework for registration and regulation of Real Estate Investment Trusts (“REIT’s”). 2. Salient features of the REIT Regulations, as approved by the Board, include the following: a. REITs shall be set up as…

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