New Town is going to be a Green City as well as Smart City.

Courtesy : WBHIDCO

Tips for Home Furniture selection:

Here are some actually feasible ideas that don’t involve remodeling your tiny apartment & you can do it yourself. You just need to know how. So this is the solution:

1. Place a curtain around the bed which will give your sleeping space some tranquility & privacy. 

(Image credit: www.designingidea.com)

2. If your workspace only consists of a laptop, just use a bookshelf instead of taking up space with a desk.

(Image credit: www.ebay.com)

3. The curtain separator works for a kitchen too. 

(Image credit: www.pinterest.com)

4. Use a piece of plywood to build a makeshift wall that you can place a desk against. Place your TV here to mentally separate your sleeping space from your entertainment space. 

(Image credit: www.buzzfeed.com)

5. A chest doubles as a coffee table and as storage.

(Image credit: www.smallhouseunderabigsky.wordpress.com)

6. Make a couch that swivels into a bed. 

(Image credit: www.brit.co)

7. A ceiling-hanging clothing rack takes advantage of your vertical space. 

(Image credit: www.abeautifulmess.com)

Residential project at Kestopur, Kolkata.

A G+4 Residential 

project with 16 flats 


&19 shops available 


at Kestopur near 

Jagatpur Bazaar.

3rd Floor casting is 

going on with 60% 

Completion of 

Construction.......


Construction 

Images are given.......

Brickwork has started 

for this project and 

we will start giving

Possession by Nov 

2016........

NEW TOWN is the main focus to bring more investors in West Bengal......

Courtesy : Dec 16 2015 : The Times of India (Kolkata)

Revised real estate bill can boost buyer confidence......

Image credited from: www.posthabitat.blogspot.in

Over the last one decade when real estate markets in India saw a dramatic rise, home buyers were mostly at the receiving end. Lately, the biggest issue facing buyers is delays in completion of projects and in some cases builders cheating them of their life savings.

In its new avatar, the real estate regulatory bill will help change the current sentiment among home buyers, boosting confidence among them, say property market experts.

The Union cabinet on Wednesday approved 20 major amendments to the Real Estate (Regulation and Development) Bill, 2015, which aims at greater accountability, investor protection, transparency and efficient working in the real estate sector.

These changes were based on the recommendations of the select committee of Rajya Sabha that had examined the bill pending in the upper house of the parliament. 

Anshuman Magazine, managing director of property consultancy CBRE says the bill in its new form is a further positive for the consumer. "Property buyers will get more confidence and comfort." The new bill seeks to make even small developers accountable, which was not the case earlier. It mandates that even residential projects measuring 500 sq metre or with eight apartments to also be registered with the regulatory authority. The limit earlier was up to 1,000 sq metres. 

The most important change that is being made is the shorter adherence timelines. Regulatory authorities will now be required to make regulations within three months of its formation as against six months earlier proposed, while the states will now have to make rules within six months of notification of the proposed Act as against one year earlier proposed. 

Allottees will have to take possession of houses in two months of issuance of occupancy certificate. Also appellate tribunals and regulatory authorities will now have to adjudicate cases in 60 days as against 90 days proposed earlier.

"These shorter timelines would ensure speedy and stricter completion of projects," says Samantak Das, chief economist & national director - research, Knight Frank India. "Also the option to approach 644 consumer courts at the district level, along with the real estate regulatory authorities proposed to be set up under the bill, would bring the confidence of the buyers back in the market and increase sales," he adds. 

The Bill also provides an option to set up adjudicating officers and Appellate Tribunal for fast-track dispute resolution. One of the big challenges for home buyers has been going for legal recourse. "Not many people go for legal recourse in case of a dispute with a builder as it takes a long time to get resolved. The new bill provides for speedy redressal," says Magazine. 

Builders will now have to pay equal rate of interest in case of default or delays as home buyers. What has also been changed is the liability of builders for structural defects that has been increased from the earlier two to five years now.

The compulsory deposit of proceeds in escrow account will not only protect the interest of consumers, but will also act as a confidence booster in the real estate sector.

"This provision has been introduced in the bill to ensure that money received for a project is primarily utilized for developing that same project; and thus reduce delays in project deliveries," says Surabhi Arora, Associate Director, Research at Colliers India.

Real estate developers will now have to deposit 70% of the project cost in a separate escrow account, from 50% proposed earlier. The revised bill also includes an enabling provision for arranging insurance of land title, which will protect buyers and developers from frauds.

"Homebuyers will not have to worry about the approval or stage of the construction of project if this bill gets implemented in its current form," says Pawan Jasuja, director of brokerage firm Finlace Consulting.

Promoters of the project are now barred from changing plans and designs without the consent of the consumer. "Developers would now have to give more time in the planning phase than execution," adds Jasuja. 

Credited from : www.economictimes.indiatimes.com

Where to buy a property ??

Generally, there is a price differential between different locations which will always be proportionate to its strategic placement which could be linked to accessibility to highways, markets, business districts and overall livability. It is quite possible that a particular area has good infrastructure, access to markets and entertainment means but if it is loaded with existing and upcoming projects, the price rise in that area may not be dramatic, but a gradual one. One may make an estimate of the number of available and proposed flats in an area through good brokers and ascertain the past price movement in the short term. Things to be kept in mind while finalizing the location for your house:

1. The location should be within approved/sanctioned master plan.
2. The location should have good connectivity.
3. Infrastructure services such as power, water supply, drainage should be present.

Credited from : www.magicbricks.com
Image credit : www.thisismoney.co.uk

Your Dream Home can be in Rajarhat, Which is Really Growing Very Fast.....

Image credit: www.team-bhp.com

Rajarhat a neighbourhood locality to Kolkata city, is known to be a fast growing and well-planned city state. The satellite city is highly preferred in real estate terms. It has been experiencing investments from people of the state capital and other areas of West Bengal. Magicbricks noted that the area offers maximum housing options for sale.

Being so close to Kolkata, Rajarhat has a developed social and physical infrastructure. The city offers everyday necessities making it an ideal place to live. As an end user buyer or an investor, Rajarhat offers over 30 new projects which are scheduled to be delivered by this year end.

Rajarhat is a planned township and is further divided into three areas namely Action Area – I which comprises of malls, residential and commercial spaces too followed by Action Area – II serving as the main central business district (CBD) comprising of institutional plots, IT Business Parks, plots and apartment complexes and lastly Action Area - III mainly consisting of high-rise residential complexes and mini sub-townships.

As per the Magicbricks data, the new projects offer 2 and 3BHK configurations in sizes from 600 to 1600 sq ft. The property values vary from Rs 17 - 68 lakh.

Further, the New Town Acton area is also witnessing residential development. The sizes of 2 and 3BHK apartments vary between 720 to 1500 sq ft and are priced between the budget ranges from Rs 18 to 80 lakh.

The main mode of transportation in Rajarhat and neighbouring areas include auto rickshaw and local buses. The locality is situated at approximate 5 km distance from the Netaji Subhash Chandra Bose International Airport and at approximate 12 km from Sealdah Railway Station via the VIP Road.

Future prospects of Rajarhat and the neighbouring New Town Action areas seem to be positive and bright.  Considering the present rate of development in the residential housing sector, investment in the locality definitely seems profitable.

Credited from: www.magicbricks.com