Howrah Property Guide
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Union Budget 2025: Key Takeaways and Impact on Real Estate
The Union Budget 2025 focuses on economic resilience, tax reforms, and infrastructure development, significantly impacting India's real estate sector through various incentives and policy changes. -
Navigating Property Taxes and Regulations in Howrah: A Comprehensive Guide
This guide explains property taxes, regulations, and compliance requirements for buying, selling, and owning real estate in Howrah, including tax rates, payment methods, and building sanctions. -
How India’s Tier 2 cities are growing in response to global real estate trends
India’s Tier 2 cities are emerging as prime real estate destinations, driven by smart initiatives, sustainable practices, luxury developments, and improved connectivity. -
5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce. -
Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
REITs in India offer investors a way to access the real estate market without direct property ownership. They distribute significant earnings as dividends, making them attractive to income-seeking investors. Learn how REITs work, how to invest, and key players in the Indian market. -
Is it possible to sell real estate without co-owner approval?
Selling jointly owned property in India requires the consent of all co-owners. Legal action can be taken if a co-owner sells without consent. This article explores the legal aspects of selling jointly owned property and the differences between co-ownership and joint ownership. -
What do you mean by FERA?
FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA. -
The finest cement for plastering a home
Cement plastering is crucial for durable walls and a smooth finish in construction. Portland Pozzolana Cement (PPC) is often preferred for its water resistance and superior finish compared to Ordinary Portland Cement (OPC). Various cement grades cater to different construction needs, with Grade 33 commonly used for plastering.
Howrah Real Estate News
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Howrah's Commercial Real Estate Sector Witnesses Record Growth in 2025
Howrah's commercial real estate market is booming in 2025 with record office space demand, driven by infrastructure upgrades and competitive rental rates compared to Kolkata. Improved connectivity and industrial investments are reshaping West Bengal's economic hub. -
Howrah's Emerging Megacity: East-West Metro Sparks Real Estate Revolution
Kolkata's upcoming East-West Metro Corridor connecting Howrah and Salt Lake is poised to transform property markets, boosting demand in key transit hubs by mid-2025. -
Howrah Launches AI-Powered Property Valuation System to Boost Transparency in 2025
Howrah Municipal Corporation introduces an AI-driven valuation system in 2025 to ensure fair property tax assessments, streamlining processes and setting precedents for market dynamics improvement. -
What occurs in India if property taxes are not paid for ten years?
Non-payment of property taxes for ten years can lead to severe penalties, legal action, and even foreclosure in India. It's crucial for property owners to understand the implications and address any arrears immediately. -
Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
Jaipur is emerging as a luxury real estate hotspot. Akshat Developers' Sawai project epitomizes this trend, offering opulent villas and apartments amidst landscaped gardens and modern amenities. -
CBRE decodes real estate through the spiritual tourism lens
A new report reveals how retail chains are capitalizing on rising spiritual tourism in 14 Indian cities, highlighting trends and growth opportunities in the sector. -
According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth. -
India’s Commercial Real Estate Is On Track For Successful Growth This Year
India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities.
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Overview of Real Estate in Howrah
Location and Connectivity
Howrah rests on the western bank of the Hooghly River. It stands out as an important city in West Bengal, India. This city acts as a key transit hub linking Kolkata and areas to the north-east. Four prime river bridges (Howrah Bridge, Vidyasagar Setu, Vivekananda Setu, and Nivedita Setu) provide excellent links to Kolkata. Plus, the forthcoming East-West Metro Line will connect Howrah to Salt Lake City through Esplanade and Sealdah. With additional highways like the Kona Expressway and Grand Trunk Road, Howrah becomes a hotspot for professionals working in Kolkata's Central Business Districts.
Infrastructure and Development
Howrah is seeing massive development in its infrastructure. This has turned it into a popular residential destination. Noteworthy projects like the 300-acre Kolkata West International City (KWIC) and various residential townships cater to high residential demand. Moreover, a planned 5 km elevated corridor with no signals is set to ease traffic, and a flyover is proposed to shorten travel times to Kolkata. Besides, Howrah's proximity to essential transport modes—railways, airports, and waterways—makes it extra appealing.
Real Estate Market Trends
The real estate market in Howrah has boomed recently. Property rates have gone up by about 20-25% in the last five years, due to surging demand for modern, high-quality homes. The city provides various housing choices, from budget 2BHK and 3BHK apartments to luxury housing and villa complexes. Places such as Shibpur and Bally shine due to their robust social amenities, well-built roads, and close proximity to essential services.
Employment and Economic Factors
Howrah is a leading industrial center with massive industries in textiles, iron, and steel manufacturing. The city also holds significant engineering sectors and offices for tech companies like Infosys, Cognizant, Wipro, and TCS, offering many job opportunities. This blend of industries and IT sectors makes Howrah a magnet for both investors and people looking for steady job prospects.
Investment Potential
Investment in residential real estate in Howrah holds great promise. Ongoing infrastructure projects, including developments near the Howrah Railway Station and other housing projects, are expected to hike property values over time. You can locate prime locations with fair pricing. Respected developers such as Shapoorji Pallonji boost market confidence and predict potential for capital gains.
PropertyWala's Final Thoughts
Buying or renting property in Howrah is worth considering. With its improved connectivity, infrastructure, and vast job opportunities, Howrah is gaining traction as a top residential spot. The booming real estate market suggests considerable growth potential. Affordable and high-end housing opportunities combined with a rising quality of life make Howrah a great choice for real estate investors and home seekers alike.