With pleasure we share with you our second quarter report:
RESIDENTIAL: New Town, one of the top localities in Kolkata, is attracting the
attention of real estate buyers . From affordable apartments to luxury villas, the area has
an array of housing options. Quality infrastructure coupled with good connectivity
through roads and local state buses and emergence of the IT companies in Salt Lake is
acting as a catalyst in attracting buyers and investors. Flats are available in the range of
30-50 lakhs. This is the hot property area to make investments in.
COMMERCIAL: Demand for commercial offices is directly linked to employment
numbers which in turn depends on the economic growth rate. The revival of the
commercial market mainly depends upon the industrial growth rate and consumer
sentiments. In the present scenario, market is witnessing more demand for offices on
lease in comparison to outright purchase, as there is no industrial growth and all time low
INFRASTRUCTURE DEVELOPMENT IN THE PIPELINE : Metro railway
network extension in places such as Howrah Maidan to Salt Lake Sector V, BBD Bag to
Joka, Noapara to Barasat, New Garia to NSCB Airport, Dum Dum to Dakshineswar and
Baranagar to Barrackpore are some important developments happening in the city. There
are several new flyover projects in the pipeline.
KMC NEWS: The procedure for property assessment is changing. In a step to put an
end to the existing system, where the Kolkata Municipal Corporation makes general
revaluation of properties every six years, the civic body now wants citizens themselves to
give details of their houses/flats in a bid to make the assessment transparent.
Do visit our website for viewing the listings: http://offices.remax.in/realty_solutions
You can contact us at: Re/Max Realty Solutions, 61, Bentinck Street, 1st fl, Kolkata-700069
Or You can Call Us at: 033-40211100 & Email at: firstname.lastname@example.org
REGULATORY BILL: ENOUGH HAS BEEN SAID BUT IT IS TOO
IMPORTANT NOT TO BE MENTIONED AGAIN.
1. Mandatory to acquire all clearances before the launch
2. Use of Photograph of actual site for advertisements
3. Sale of property as per prices linked with Carpet Area
4. Real Agents/Dealers needs to register themselves
5. State Level Regulators and central appellate tribunal to be set up
6. Separate bank accounts for every project
7. Builders can’t take more than 10% advance without a written Agreement
8. Full refund with interest, if property not handed over time
The Bill rules applies to project over 4,000 sq meters in size
Impact on Buyers: The regulation will save buyers from misinterpretations
on layout and unit specifications, delays in delivery, other unethical business
practices and failure from developers in meeting contractual obligations etc. Also
it will save buyers from unorganized brokers and agents.
Impact on Developers: The bill will create a transparency level and will make
developers more answerable on multiple levels. Also funds raised for the project
cannot be diverted anywhere else.
Although the draft bill has been cleared by the Union Cabinet, we believe it will
take at least two years before the bill becomes an act. The bill has to be
cleared by the parliament; it is likely to be referred to a standing committee
during the process. Once the Central Government clears the bill (this is the
election year), state governments will have to implement the bill, incorporating
changes in accordance with relevant local laws(kotak view on real estate bill)
Price Barometer– Kolkata
Demand for commercial property is sluggish while residential property is seeing good
demand in the 25 to 50 lakhs bracket. Good projects of developers are available to take
your pick. The prices are more or less stable although there is some dip of around 10%
in the top end projects, but as developers have holding capacity we don’t see much
erosion of prices.
Property Rates & Trends of Multistory Apartment for April-June 2013
Alipore 12450-14900 Kasba 4200-4500
B.T.Road 3400-3700 Lake Gardens 5100-5700
Ballygunge 9800-12000 Lake Town 4600-5100
12000-15000 Lansdown Road 9800-12200
Banshdroni 3200-3400 Madurdaha 3500-4100
Barasat 2000-2700 Nayabad 2900-3000
Behala 3500-3700 New Alipore 6000-6500
New Garia Metro
Bhawanipur 8000-10000 Park Circus 6700-8300
Dum Dum 3100-3400
E M Bypass 5300-5700 Rajarhat 3200-3600
Entally 6300-7300 Patuli 3600-3900
Gariahat 9000-10200 Ruby Hospital 6100-7500
Golf Green 3900-5100 Salt lake 5800-7100
Golpark 6200-7600 Sarat Bose Road 10800-13100
Hazra 8300-9300 Sealdah 6000-8000
Jadavpur 4300-4700 Sodepur 2800-3200
Jessore Road 3500-4300 Tegharia 3400-3800
Joka 2300-2800 Tolly Gunj 390-7000
Behala 8000-10000 Bhawanipur 12000-15000
Tollygunj 8000-10000 Ballygunj 13000-17000
New Developer Tie ups
1. SIDDHA GROUP:
Siddha is a high class real estate developer of Kolkata. Founded in 1986,
Siddha has conceived, designed and built residential and commercial units
and townships, at premium locations in Kolkata and Jaipur. Having
prestigious projects in Rajarhat (new town of Kolkata) some completed ,
under construction and also in pre-launch stage, Siddha has a variety of
offerings at a reasonable rate.
2. UNIMARK :
Unimark is a leading Indian real estate development group founded by
Mr. Harsh Vardhan Patodia, the current CREDAI chairman. The team has
the vision of creating premium landmark spaces that showcase exemplary
architectural design and construction quality, and provide a standard of
service that is unsurpassed in the industry. All their projects are in the
3. SHYAMPUR ENCLAVE :
1st Exclusive Tie up of Elegant Flats at Budge Budge @ affordable price
4. GREENTECH CITY:
Internationally styled Duplex Homes and Golf Villas in the heart of nature.
As the owner of a residence at Greentech City you will have access to all
the world class facilities of the neighboring Vedic Village Spa and Resort
as well as the myriad ayurvedic and naturopathic treatments at the
Sanjeeva Medical Spa offered by experienced doctors and therapists from
Kerala. The project will boast of having the biggest golf course in the city.
On offer are golf bunglows, boat houses, duplex flats , and small flats
with their own clubbing facilities.
5. GODREJ/ UNITECH RESALE :
Great example how we benefit from the RE/MAX network. We have resale
flats in Godrej /unitech/DLF/ Urbano from investors living outside Kolkata.
E.M Bypass 8000-10000 New Alipur 10000-15000
Lake Town 10000-15000 Sealdah 10000-15000
VIP 10000-15000 Rajarhat 8000-10000
Value Buy– Siddha Group at Rajarhat (Resi)
Studio/2/3/4 Bhk Apartment
Range between 520 - 2025 Sq Ft.
Modern life is about stepping up the ladder and
moving ahead with the times. At the project,
wind whistling through pine trees and bouquet
of blossom's wafting in the breeze, life is so
complete that you’ll never want to leave home.
At The Project , presently comprising of 7
towers is built on acres of sprawling landscape
greens on Rajarhat Main Road. Blocks Aspen,
Birch and Cyprus are now complete. The towers
are located in an exclusive demarcated
residential zone with its own internal roads.
Landscaped greens, walkways and play areas
will provide shady retreats and recreation
amenities for all minds capes. The apartments
are spacious, cross-ventilated and well-lit
Pine grove Park - Landscaped Green Areas
and Children’s Play Area
Global Village - Residents’ Club
Lily Pool - Swimming Pool
Powerhouse - Gymnasium
Cones & Needles - Large AC Banquet Hall
connected with the Lawn
Shuttle Up - Badminton Court
State-of-the-art Fire Fighting System
Sewage Treatment Plant
Rain Water Harvesting System
Water Filtration Plant,24 Hours’ Water
Solar Lighting in Common Open Areas
Elevators of OTIS or equivalent
Dedicated Provisions Store
MLS No. : 504034001-180 to 504034001-192
Project by the riverside– Unimark, Uttarpara (Resi)
Premium homes that offer a stunning view of the
Ganges. An exceptional location. World class
architecture meticulously planned and
internationally designed landscaped gardens
overlooking the Ganges.
The opportunity to immerse yourself completely
at the River Island. World’s Class Wi-fi enabled
Extensive 500 feet of river frontage
Direct view of Dakshineswar Temple
Unimpeded view of the river, ghat, boats and
Connectivity to pure nature
The project is uniquely located, where the view
will remain enduring and soothingly unchanging.
Where the location remains distinctively
residential. Closely connected to the airport,
bridges, hospitals, schools, colleges, malls,
market, the railways station and the ferry ghat.
Making it convenient to access any part of Kolkata
2 min from Uttarpara Ferry Ghat
3 min from Uttarpara General Hospital
4 min from Uttarpara Railway Station
7 min from Belghoria Expressway
9 minutes fro Dakshineswar Metro
12 min from Belur Math
14 min from Don Bosco Liluah
25 min from Airport.
Flooring – Vitrified tiles
Wall and ceiling
Counter – Single sink counter with granite
Fitting and fixtures – Stainless
steel sink and provision for
CP fittings – Jaquar or equivalent
MLS No: 504034001-193
Our Listing Project–Green Tech at Rajarhat- (Resi)
Internationally styled Duplex Homes and Golf
Villas in the heart of nature. Every unit has a
private lawn, flanked by a mini garden which
slopes down a canal that meanders through
As the owner of a residence at Greentech City
you will have access to all the world class
facilities of the neighbouring Best Western
Premier Vedic Village Spa and Resort as well as
the myriad ayurvedic and naturopathic
treatments at the Sanjeeva Medical Spa.
You have a choice of 3 or 4 bedroom Duplex
apartments and 3,4 or5 bedroom Golf Villas,
each impeccably designed for a contemporary
lifestyle of comfort. You will also be entitled to
membership of the upcoming entertainment zone
at Vedic Village, which will include Bowling
alleys, Tennis courts, Cricket arena, games
arcade and various adventure sports.
10 kms from CITY CENTRE II
7 kms from RABINDRA TIRTHA,
5.5 kms from DPS, MEGACITY
0 kms from VEDIC VILLAG
As a die-hard golfer, you live, breathe and dream
the sport. Now take it to the next level. Live on a
Golf Course. Imagine, being surrounded by and
able to indulge in your favorite sport anytime of
the day, all day long. 24 hours. .
Rs 2600 psf for 1 & 2 BHK (650-950 sqft) and
for 3 BHK Rs 2750. (1300 sqft) NO PLC.
DUPLEX HOMES from 2000 to 2600 sq ft
Rate: approx. (from INR 60 Lacs to INR 79
Expected date of possession:
April/May 2014, 2.2/2.3 yrs from now
SMARTHOMES, excavation in process.
MLS No: 504034002-23 & 24
Our BA Strength
Expert in networking relationship has used
the groups goodwill to tie up with all the
major developers in Kolkata. Spearheading a
team of enterprising associates to service the
Expert in Bhowanipur area. Tied up with two
big Developers- Greentech city & Regent
Group. Has a good broker network to source
the best deals for clients.
The background in construction work has
helped him to get promoter tie ups and also
give valuable advice to clients on assessing
Our latest associate with background in the
field of finance is focusing on Rajarhat area
the hottest destination for Kolkata with an
upside to almost double from current levels.
RE/MAX is a 40 years old international brokerage company which sells the
maximum real estate in the world and has the international expertise of
successfully operating in more than 92+ countries across the globe with value
chain of 100,000 + Real Estate Agents operating out of 7000+ Offices RE/MAX
India has appointed 120+ Offices across India in 50 cities, which makes
RE/MAX the fastest growing Real Estate Brokerage Network in India.
REMAX Realty Solutions the Kolkata franchisee is owned by Sheth Group in
Kolkata who are in business since 1950 , in various sectors. The Group
Stalwarts are: Mr. Khimchand Mehta, Mr. Pradip Sheth, Mr. Tushar Mehta, Mr.
Viren Mehta, Mr. Tejas Mehta and Mr. Jaydip Mehta who is heading this division.
The experience of the seniors accompanied with the entrepreneurship of the
young generation provides a lethal combination for any business group. Our
good connections with various top Builders in Kolkata help us to provide a huge
inventory of properties, some of which you can see listed by us on this site. As a
Broker office we provide a full fledged organized setup with trained Agents to
help you in your property deals. We also give value addition to our clients
through tie-ups for services like Legal advice and Banking loans. We have on
offer around 200 properties in and around Kolkata from the top developers.
Our valued clients, please contact us to buy/sell/rent your properties. Call us if
you require any help regarding your properties or to get a valuation of the
property done. If you want to buy or sell properties anywhere else in India
please call us, we will get it done through our network pan India.
Do visit our website for viewing the listings: http://offices.remax.in/realty_solutions
You can also contact us at : Re/Max Realty Solutions,
61, Bentinck Street, 1st floor,
Or You can Call Us at : 033-40211100 & Email at : email@example.com