The West Bengal government has extended the real estate stamp duty rebate and circular rate reduction until January 31, 2022, to boost home sales amid rising demand.
CREDAI urges Bengal government to repeal the Urban Land Ceiling Act, citing it as a hindrance to real estate development.
West Bengal government proposes amendment to ULCA, requiring developers to reserve 30% of apartments for low-income groups.
The future of DLF's Rs 33,000-crore township project in Dankuni is uncertain due to land acquisition issues and political opposition. The West Bengal government might shelve the project if land acquisition challenges persist.