SEBI will auction properties of Ravi Kiran Realty and GSHP Realtech on April 16, 2021, to recover investor money. The properties are located in West Bengal.
West Bengal's Banglarbhumi portal digitizes land records, boosts transparency and aids in fraud prevention. It offers easy access to property details and online services.
West Bengal's Land Reforms Act of 1955 aimed to redistribute land, secure tenant rights, and regulate rents, improving peasant lives. However, implementation challenges and criticisms persist.
West Bengal leads in land reform with 23% of total land distributed, registering over 15 lakh Bargadars and distributing homestead land to 5.6 lakh beneficiaries.
West Bengal's Directorate of Land Records maintains Mauza maps. Certified copies are available at BL&LRO offices. The Banglarbhumi app offers easy access to land records and plot details.
Banglar Bhumi, West Bengal's online land records portal, provides access to Khatian and plot information for over 42,042 Mouzas and 4.30 crore Khatians.
West Bengal launches Banglarbhumi, an online portal for land records and reforms, providing easy access to property information, deed registration, mutation, and certified copies.
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.
West Bengal Assembly amended Land Reforms Bill, to disallow use of excess land meant for townships, for building real estate, and use for farming or rural economy.
Sahara chief Subrata Roy seeks court approval to deposit property deeds with nationalized bank amid ongoing dispute with SEBI.
West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.
Walmart and the US government have expressed concerns to the Indian government regarding state veto power over FDI in retail. This power creates uncertainty for foreign investors like Walmart, who are hesitant to enter the Indian market due to varying regulations across states.
West Bengal government plans to allow real estate builders to resume construction of townships after a six-month halt. The state may grant 14Y clearance for projects if 51% is set aside for commercial purposes.
West Bengal government proposes amendment to ULCA, requiring developers to reserve 30% of apartments for low-income groups.
FIRE Capital Fund is poised to enter the affordable housing segment, focusing on Tier II and III cities, with plans for a new investment in West Bengal.
Tata Motors halted Nano plant operations in Singur due to land acquisition issues. Bajaj Auto chairman believes this incident won't deter long-term foreign investment in India.
Mahindra & Mahindra is considering real estate and IT investments in West Bengal through Mahindra Life Space and Mahindra World City, focusing on residential and SEZ development.
Ratan Tata's decision to relocate Nano car project due to protests over land acquisition exacerbates concerns over West Bengal's industrialization and infrastructure projects.
Salim Group chairman Prasoon Mukherjee expressed confidence in West Bengal's industrial development, stating ongoing projects, including PCPIR, remain unaffected by the Expressway's temporary halt due to land acquisition issues.
Burn Standard and NBCC plan to develop a premium housing complex on an 11-acre plot in Alipore, Kolkata. The project awaits BIFR approval and faces hurdles like relocating existing structures.
SunTechnics India, in collaboration with WBREDA, has successfully developed India's first green housing project with solar power integration in New Town, Kolkata.
Mahindra & Mahindra slows down its Rs 4,000 crore World City project in West Bengal, focusing on its IT SEZ and exploring tourism opportunities.
Eredene Capital acquires 50% stake in Apeejay Infra-Logistics for Rs 42 crore to develop a logistics park in Haldia, West Bengal.
DLF remains committed to the Dankuni township project despite uncertainty following the West Bengal government's announcement to halt land acquisition.
WBGEDCL partners with Siddha Group to integrate energy-saving tech in Xanadu, a studio apartment project in Rajarhat. Key features include solar thermal lighting and rainwater harvesting.