The KMC buildings department has introduced a new rule requiring real estate developers to install information boards at construction sites, providing crucial project details to the public.
Real EstateTransparencyKmcKolkataConstructionReal Estate NewsApr 08, 2025
The KMC has made it mandatory for real estate developers to install information boards at the sites of under-construction projects, providing crucial details to the public.
The boards will display the name of the project, the promoter, the expected completion date, the permit number, approved plans, construction status, and other relevant details.
The rule aims to enhance transparency, protect the interests of homebuyers, and mitigate issues related to fraudulent practices and delays in project completions.
Failure to comply with the new rule could result in penalties and legal action. The KMC has set up a team to monitor compliance and address public concerns.
The rule is expected to boost confidence among investors and homebuyers, enhance transparency, and contribute to the overall growth and stability of the real estate market in Kolkata.
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