real estate news
Repo Rate Cut Boosts Real Estate Sector, Especially in Kolkata
Sushil Mohta, president of CREDAI West Bengal and chairman of Merlin Group, welcomes the RBI's decision to cut the repo rate by 50 basis points to 5.5%. This move is expected to significantly benefit the real estate sector, particularly in Kolkata, which is an affordable housing market.
Real Estate
ITAT Dismisses Revenue's Appeal on Education Cess Deduction, Case Remanded
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal filed by the Income Tax Department against AVR Storage Tank Terminals Pvt. Ltd. regarding the deduction of education cess. The case has been remanded to the Commissioner of Income Tax (Appeals) for fresh adjudication.
Real Estate Pune
Residential Property Prices Surge 7.5% in 48 Indian Cities During Q4 FY25
The National Housing Bank (NHB) RESIDEX data reveals a significant rise in residential property prices across 48 cities in India during the January–March quarter of FY25. All major metros, including Bengaluru, Kolkata, and Chennai, saw notable increases.
Real Estate
Kolkata's Luxury Housing Market Witnesses Price Growth Amid Mixed Trends
Kolkata's luxury housing market is experiencing a rise in prices, despite mixed trends in the real estate sector. This growth is driven by the ultra-luxury segment, which continues to attract high-net-worth individuals.
real estate news
Kolkata Sees Decline in Unsold Affordable Housing Stock and Rise in Luxury Inventory
Kolkata: In the period from 2024 to 2025, Kolkata experienced a significant decline in unsold affordable housing stock by 20%, while the luxury housing inventory saw a substantial increase of 96%. A recent real estate research provides insights into these trends and their implications for the local market.
Real Estate Mumbai
Office Vacancy Rates Plummet to 15.7% in Q1 2025, Reflecting Robust Market Recovery
The Indian office market witnessed a significant decline in vacancy rates, dropping to 15.7% in the first quarter of 2025. Mumbai and Kolkata led the charge with substantial reductions, marking the seventh consecutive quarter of decline and indicating a strong market recovery.