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Kolkata

Affordable housing dominates Kolkata property market – ANAROCK report

Below ₹ 40 lakh budget category rules supply, followed by mid-segment (₹ 40-80 lakh) Of all supply between 2013-Q1 2018, affordable housing contributed 64%, mid-segment 23% ANAROCK Property Consultants’ latest report ‘Kolkata: The Shining Star of the East’ analyzes the city’s major real estate trends, and highlights that affordable housing has gained significant traction in Kolkata. The state government has given a major push to this segment with its a new housing scheme ‘Nijoshree’, which provides homes under two categories to people whose monthly income is < ₹ 15,000 and < ₹ 30,000. Anuj Puri, Chairman – ANAROCK Property Consultants says, “An important finding of this report is that a majority of the supply of housing units is in < ₹ 40 lakh budget. In terms of unsold inventory ...

Aakramak April – Real estate rewind 2017

2017 was not less than a roller coaster ride for the real estate sector. Before flying into 2018, let’s peek into a year which was perhaps filled with uncertainty, volatility and long-term promise of new opportunities. Let’s look at RM top stories for the month of April which got maximum eyeball. APRIL 2017 Is 2017 Going to be the game changer for Real Estate? The things that will shape and try to revamp the Indian real estate sector in 2017 more positively thus are boosting the infrastructure potential of the country. The Role of Architecture in Modern Luxury Housing. Despite of limitations, imaginative and tastefully executed architecture is and remain a major selling point when it comes to super-luxury and even affordable luxury housing. Bengali New Year Checklist: Restaurants in Kolkat...

The enduring pull of the southern parts of cities

by Anuj Puri Be it South Delhi, South Mumbai, South Chennai, South Kolkata or South Bangalore – the Southern parts of any metro city have always ranked at the top of that city’s property pyramid. These precincts are generally seen as the most prime and posh residential destinations and have historically housed the Who’s Who of the city. If one wants to announce oneself or one’s business socially, buying a home or opening an office in these parts has always been seen as a pretty good bet. This phenomenon still continues; however, with the passage of time, newer areas are competing with these legacy areas and are attracting the younger rich and the neo-rich. Different cities are seeing this happening, largely because of the extremely limited new supply of residences in prim...

Durga Puja – Crafts: Art in Its Own Right!

by Soumya Prakash Being one of the oldest civilizations of the world continuing for thousands of years, in India any Hindu festival in particular, be it religious or otherwise has several layers to it springing from different eras in history or scriptures or mythology or legends of different geographical zones merging. The cultural diversity of India has a direct link to its geographical vastness. That is how we find so many dimensions to any festival which may seem confusing to an outsider! Durga Puja culminating in Dussehra or Vijaya Dashmi (10th day – the day Lord Ram is believed to have vanquished demon king Ravan) is one such major festival which has a pan-Indian presence and beyond borders in Nepal and Bangladesh and across the globe wherever people of Indian origin thrive. It is a 1...

City and the Ruins

by Soumya Panda Imagine Delhi sans Lal Qila or Qutub Minar, Agra sans Taj Mahal or Fort of Agra, Jaipur sans Hawa Mahal or Jantar Mantar and Bengaluru sans Devanahalli fort or Mirjan fort! In such a situation these cities will fall into a crisis, identity crisis that is! Ever wondered when it comes to designing a logo or representing a place why designers invariably fall back on history or the historical aspects of that place! Just take any major important event held in Delhi or any Delhi based organisation, check its logo (take the design of Delhi Metro Smart Card as a ready reference). Or check any postage stamp in remembrance of any such events held in Delhi or in commemoration of Delhi. No doubt you will find some historical elements in its design representing the city. In reality, the...

It is the new era of smart city development – Sanjay Jain, Group Managing Director, Siddha Group

A Commerce graduate from Calcutta University, a voracious reader, and an explorer, Mr. Sanjay Jain, Group Managing Director, Siddha Group is a man of many talents. His journey started as an entrepreneur with his family business of Jute, Iron & Steel Trading and Cement manufacturing. Further, when the real estate industry was thriving in 1993, his creative overdrive made him venture into the real estate development. Since then, he, along with his peers, has taken Siddha Group to a whole new level. Team RealtyMyths.Com had an insightful conversation with Mr.Sanjay Jain, here are the excerpts: I am inquisitive to know how your journey really was. What really got you into real estate from your family business? It has been a journey of more than 30 years now starting with the first project ...

REITs, GST fuel increase in pan India grade-A warehousing stock

The Goods and Services Tax (GST) and Real Estate Investment Trusts (REITs) are soon going to be a reality in India. These, coupled with a growing demand for quality warehouses by the industry, are expected to lead to an increase of Grade-A and Grade-B warehousing stock across the country in the next few years. by Ramesh Nair – CEO & Country Head, JLL India Last year, the total stock of Grade-A and Grade-B stock reached 111.9 mn sft from 96.8 mn sft in 2015 – an addition of 16% (year-on-year). Through 2017, the stock is expected to increase by another 18% to 132.5 mn sft. Out of the total 111.9 mn sft warehousing stock in 2016, the Grade-A stock was 32.9 mn sft, while the remaining 79 mn sft was Grade-B stock. In terms of y-o-y increase, the Grade-A stock in 2016 rose by 27% compa...

Bengali New Year Checklist: Restaurants in Kolkata with amazing architecture!

Kolkata has been known well as a foodie’s paradise. From street food centres to big restaurants, this city offers you a wide range of options, all equally scrumptious and appealing. Nowadays, a restaurant isn’t just about the food. The interior, the decorations, the colour scheme used, the seating arrangement, the ambience— together builds a restaurant and its reputation. Kolkata is home to many heritage restaurants as well as new themed restaurants and cafés. Listed below are a few restaurants that involve and satisfy all your five senses: by Baishali Dutta, JHAAL FAREZI Set up in an old colonial bungalow, this restaurant is where the old world charm meets the modern times. The building houses a café, a fine dining area, a terrace and a music room. With quirky Indian pop culture and Benga...

The Kolkata Conundrum: Demystifying the real estate phenomenon

by Straavi, There has been an almost incessant chatter around the real estate landscape of West Bengal since the time Trinamool came to power with Kolkata in the eye of the storm. It started when the state witnessed a sudden spurt in price of properties. The arguments were that it is because of the change in guard, and the confidence in the new Government’s ability to bring in the much-desired change that is rubbing off on the sector and as a consequence demand increased. It was argued that the people of the state found a new reason to live in Kolkata, those who have migrated in search of greener pastures are flocking back, and NRIs found a new investment destination. It turned out not to be the case; at least not exactly. The data revealed by the state government in 2013 showed that the a...

15 Amazing architectures that Kolkata will be proud about

Kolkata is a city that has been home to different cultures right from the beginning. It is these colours that have painted the city bright and lively as it is today. This confluence of cultures has reflected in the food, festivals and most importantly, the architecture of the city. Kolkata is home to a variety of interesting structures that not many people know of. These structures are not only delightful to look at, but they also have rich historical and cultural significance. Listed below are a few structures Kolkata would always be proud of. VICTORIA MEMORIAL Anybody who has visited Kolkata would have seen, or at least heard of Victoria Memorial. Built between 1906 and 1921, this famous structure was dedicated to the memory of Queen Victoria. The design is in the Indo-Saracenic revivali...

JLL India appoints Manish Aggarwal as MD – North & East India

JLL India has appointed industry veteran Manish Aggarwal as Managing Director – North & East India operations. Previously, Mr. Aggarwal was MD – North & East India at Cushman & Wakefield, and prior to that held key positions at Knight Frank and Colliers. He assumed his new role at JLL on 1st February 2017 and is based in Gurgaon. Manish Aggarwal will primarily focus on strengthening JLL’s Delhi NCR transactions businesses, while simultaneously overseeing the Firm’s Eastern India operations. As a part of his new role, Mr. Aggarwal will also assume a senior leadership seat within JLL’s India Leadership Council (ILC). Santhosh Kumar, CEO – Operations & International Director, JLL India says, “Drawing on his extensive experience as a re...

Heritage properties – The endangered spices of Kolkata

There is no denying the fact that Kolkata is a city with a rich cultural heritage and a vibrant past. What makes Kolkata truly fascinating is the history etched onto the walls of the old buildings. These buildings not only have a story to tell, but also form the backbone of its rich cultural history. Today, not many of these buildings are in proper shape and are constantly under the threat of being demolished. The very life of the city is being extinguished as time goes by. MythsBuster Baishali Heritage buildings can be classified into two categories- the ones that are certified by the government to have historical significance, while the other are just old buildings privately owned. Restoration works for the former category somewhat has been taken up by the government. Writers’ Building w...

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