Kolkata Home Registrations Fall 13% in July 2024

23 Aug 2024 CW Team

Kolkata experienced a 13% drop in home registrations in July 2024, marking a significant decline compared to the previous month. This downturn reflects a slowdown in the real estate sector, influenced by various factors including economic uncertainty and shifting market dynamics.

The decrease in registrations is notable given the previous months' steady performance, suggesting potential concerns among buyers and investors. Industry experts attribute the drop to a combination of higher property prices, increased interest rates, and a cautious market outlook.

Real estate developers and agents are now focusing on strategies to boost sales, including promotional offers and flexible financing options. They hope these measures will stimulate buyer interest and stabilise the market in the coming months.

Despite the recent decline, the long-term outlook for Kolkata?s real estate market remains positive, driven by ongoing infrastructure projects and urban development initiatives. The sector is expected to recover as market conditions improve and economic stability returns.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..