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1.11 tenders issued for Kolkata Metro projects

For several metro projects in Kolkata, the railways has reportedly floated 11 tenders.


2.Buyers can choose from close to 4,40,000 homes that remain unsold across top cities

In a recent survey completed by JLL, as many as 440,000 residential units remain unsold across key cities of India at the end of 2017.


3.New Town to get smart with Wi-Fi zones

The New Town Kolkata Development Authority (NKDA) plans to develop Wi-Fi zones in parks, bus stations and upcoming metro stations, along with private houses and commercial buildings.


4.BMS Realty buys Keppel Magus for $15 mn

BMS Realty has acquired Keppel Magus Development, which is developing a housing project Elita Garden Vista in New Town, Kolkata. This project has an enterprise value of Rs 150 crore and an equity value of around Rs 90 crore ($15 mn).


5.Tata Housing has foothold in Kolkata

Recently, Tata Housing Development Company launched Avenida. Located in the Central Business District area of New Town, Rajarhat, Kolkata, the complex is a luxury residential gated community. It comprises gated 29 storey towers across 13 acre with a total of 700 apartments.


6.Hidco identifies unused plots

In Rajarhat New Town, the Housing Infrastructure Development Corporation (Hidco) has identified 16 non-residential plot allottees that are yet to utilise their plots that were allotted in 2009 or earlier. The state government had earlier decided that no plot could be kept idle for more than six months after being allotted.


7.PCNTDA may hike FSI for housing projects

In order to encourage more housing projects in the twin town, the Pimpri-Chinchwad New Town Development Authority (PCNTDA) plans to raise floor space index (FSI) to 2.5 from the present 1 for such projects. At its recent meeting, the authority cleared the policy to make necessary changes in its development plan.


8.PCNTDA may hike FSI for housing projects

In order to encourage more housing projects in the twin town, the Pimpri-Chinchwad New Town Development Authority (PCNTDA) plans to raise floor space index (FSI) to 2.5 from the present 1 for such projects. At its recent meeting, the authority cleared the policy to make necessary changes in its development plan.


9.Authorities plan international bus terminus at Rajarhat

Authorities have identified a 10-acre plot off the main arterial road in Action Area-II of Rajarhat New Town for setting up an international bus terminus.The plot has a location advantage since it is close to both the city airport and IT hub and central business district of Rajarhat. The proposed terminal, which would be the first of its kind in the state, is to developed by the transport depa


10.PCNTDA, Mhada to join hands for housing projects

At a recent meeting, the Pimpri-Chinchwad New Town Development Authority (PCNTDA) gave in-principle approval to a proposal for joint development of housing projects with the `). According to this proposal, Mhada would get over eight plots, totally admeasuring six acre to build houses. The joint venture between both the parties may be bene