Buying a commercial property in Kolkata might be costlier but if you end up making a wrong choice then the entire money will go to stake. Making a real estate investment requires intense knowledge of the market. One mistake and the entire deal can cost you huge amount of money. So it is important to take enough precautions before finally signing on the dotted lines.
Investing in a commercial property can indeed facilitate a good amount of earning. One can work on his own business in the apartment or can give it for rent. Investing in a commercial property has got many advantages. Besides coming to an aid in garnering monthly income, it also tends to be beneficial for securing a savings for future purposes. Before investing on a commercial property in Kolkata, it is important to consider investigating the property thoroughly to know whether the investment is good enough or not.
(a) After purchasing a house, the next big plan lies in locating a suitable place which one can take over for setting up the business. The property must be well-located in an industrial area which can facilitate easy income.
(b) For finding the right property it is important to hire a perfect real estate agent who has an intact knowledge of the properties throughout the city. A real estate agent sells residential as well as commercial property. These people provide excellent services to the end users and help them to take the apt decision within affordable budgets.
(c) Whether the property is situated in a rural area or a town is another most important decision. If your business involves rural backdrop then finding a suitable property in the rural areas will be better. The same applies for the urban set up involving industrial development in the urban areas.
Before investing in a commercial property it is important to acquire knowledge about the place. The selection of the property location depends very much upon the nature of the business.
With the passing trends, people have developed a nature of shifting their residences more than often and this has given rise to the apartment culture. The situation has driven to such extent that people who do not own any residential property of their own keep changing their temporary residences in terms of flats on rent. This does not at all make life any better but create various problems for the tenants. The monthly tension of paying a huge amount as rent to the land owner makes life tougher for a tenant which does not let him save enough amount of money for purchasing a house of his own. Purchasing a house takes more money than buying an apartment and this reason is sufficient enough for making people opt for living in apartments than a house. Owning a house in the heart of the city is again next to impossible for middle-income grouped people. It is important to reside in a place which offers good communication facilities and which lets the residents to stay connected with the market, schools, universities, offices, etc. The rented apartment provides one with a complete freedom from tax and property payment but it is important to own a residential property. If one has a transferable job then buying and selling of flats become a regular habit. Shifting apartments becomes easier with flats which otherwise can create problems for others who live in houses.
Let us have a look at some of the benefits of residing in an apartment.
(a) Free from paying property payments
(b) Do not have to pay for renovation charges as the entire cost is beard by the apartment in-charge
(c) Can shift anytime by selling the apartment.
(d) All charges get shared by the other members of the building.
(e) Free car parking as every apartment holder gets to use the garage.
It is important to purchase apartments in places that keep people connected with the town and the flats in south Kolkata are perfectly apt as they provide the end users with excellent communication and other necessary facilities.
People who prefer to use small living space where things are easily manageable then living in apartments is perfect for them. There are various benefits of living in an apartment.
Kolkata is one among the few cities to enjoy a great phase of growth in terms of real estate companies in Kolkata launching new projects across the city. The city is actually on its way to top the real estate graph and this in turns have even strike a ray of hope in the minds of the buyers looking for affordable selection of apartments in south Kolkata. The developers of all scale across the city and the country have plunged headlong into the market and are steadily on their effort in creating great options to invest for the segment of buyers in the city. With the launch of so many great projects the value of money is well appreciated in the sectors of commercial and residential properties.
The price of properties in south and central Kolkata are skyrocketing but still the look out of properties in these areas are ever ending and that is yet another prospect driving the sector. The areas that are really witnessing good growth are the Eastern Metropolitan Bypass and the Rajarhat-Newtown satellite township. There are visible signs of price hikes marked in these areas to a great extent just over a period of six months. These also imply that a major part of demand for a house for sale in kolkata in concentrated in these areas.
It is indeed a delight to say that the real estate projects in Kolkata are at par with the global standard and are great pleasure to the end users. The principal reason behind the breeze of change in the sector being the increase in the Foreign Direct Investment (FDI). The price inflation on the other hand is due to the limitation in the availability of projects, development of the transportation network across the city and several other factors accelerating the increase in price.
The real estate sector in Kolkata is steadily emerging comparison with the other Tier-I cities like Mumbai, Delhi, Hyderabad, Bangalore and others. The main reason behind this is the moderate property prices property prices in Kolkata compared to the steady developments and growth prospects observed by the city.
Every home is a house but every house is not a home.These words are so true by the person who coined these words.They seem to be well thought words not only in philosophical terms but also in monetary terms. In today’s time setting up a home for oneself is not an easy job at all. Many people try to invest most of their earnings in purchasing any kind of property be it a flat or a bungalow. Some people invest their entire life’s earnings and income into buying any such property to set up their dream home.
When we talk about Metropolitan Cities like Delhi or Mumbai then buying a home is surely an uphill task. Many people even have to take home loans at times for fulfilling their dream as such property is available at extremely high rates in the center of such a big city.If buyers want to purchase housing property at very reasonable prices then they have to find it in the outer portions of the city which are far flung areas. Even in East India, the commercial property in Kolkata is a sector reaching new heights in terms of infrastructure that too at very reasonable prices.The southern portion of the City of Joy is developing so prices are still in control.
Sellers and builders have realized that real estate investment is becoming a lucrative business in the Southern part of the city. One Metro Rail Route is already functional from New Garia to the North of the city via Tollygunge where as a new route from Joka to BBD Bag is under construction. The next ten to fifteen years look extremely promising for this apartment property business to flourish in the market.
Inflation is rising and availing a property at reasonable rates during such a time is a big thing to achieve. The flat system is getting very popular because of this factor.
Kolkata can be precisely referred as the intellectual hub of India and the city is growing by leaps and bounds and steadily on its way to become the real estate destination of India. The different eminent real estate companies have more than one crore square feet of real estate space in the city inscribed under their name and that bears enough testimony about the booming real estate scenario in the city.
Even when the economy is not that stable in the country still the city still the real estate sector here has derived adequate fillip and this is quite visible as the number of people looking for houses for sale in Kolkata is always on the rise. The growth of fancy housing and the increasing number of projects of flats in south Kolkata are giving enough edge to the real estate developers in the city and their profitability is enhancing more and more over the years. The best part is that the boom is not limited to the urban area of the city but the outskirts of the city are witnessing a favorable number of big budget projects. The Eastern Metropolitan Bypass in the east, New town and BT Road in the north, Kona Expressway in the west and the Garia-Narendrapur track in the south are the areas to experience tremendous exposure and growth. It is not just residential projects to be undertaken in these areas but many an office set up are under construction over here making way to immense commercial possibilities.
New Town was the sprawling satellite township adjacent to the airport to hold the boom for a favorable period of time but with many more upcoming projects all over the city and its outskirts are soon to steal its pride to a great extent. The fascination for flats in south kolkata still rules the mind of the people looking for a house for sale in Kolkata and this has ever kept the desirability of these locations to a great extent.
The lookout for houses for sale in Kolkata is constant and with so many upcoming projects the real estate domain is ever enhancing extending the cityscape to further horizons.