The Dilemma of Investing in Land or Flat: The Wisdom of Om Prakash Todi

It was a long time since Om Prakash Todi (name changed on request) felt confused. Generally, he always was brimming with supreme confidence. In his air-conditioned office, he was thinking about how times changed. The cup of tea on his table was getting cold. All of his 55 years, he was always conservative with money. […]

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Will the RERA Implementation Increase the Prices of Flats in Kolkata?

prices of flats in Kolkata

The real estate buyers in Kolkata are eagerly expecting the implementation of the Real Estate Regulation Act, 2016 (RERA) as it is widely believed that the RERA will go a long way in protecting the interests of the buyers. While the RERA will surely enhance consumer protection, but there are strong reasons to believe that […]

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Should You Buy an Apartment in Kolkata Now after Demonetisation?

Buy an Apartment in Kolkata

In the evening of November 8, 2016, the Prime Minister of India declared a path breaking policy decision to demonetise Rs 500 and Rs 1,000 currency notes. The declaration shocked the nation and soon everybody began to try and understand the implications of this step. As time passed, myriad opinions emerged about the short, medium […]

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4 Measures that Can Boost Transparency and Confidence in the Kolkata Property Market

Kolkata property market transparency

The recent regulations passed by the parliament and some steps by the government are expected to make the Kolkata property market more transparent and bring in long-term confidence in the market. These measures are the Real Estate Regulation Act (RERA), the Benami Transactions (Prohibition) Act, 2016, the Goods and Services Tax (GST) and the demonetisation of Rs […]

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What to Look For When Buying a New Home in Kolkata

buying a new home in Kolkata

With no loans to repay and a not-too-high retirement goal, bank executive Samir and his schoolteacher wife, Aruna was saving enough to support their child’s education and marriage while setting up a decent retirement plan. However, there was one thing that threatened to derail the family’s financial plan — home buying. Having spent most years […]

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