April, 2014 | Kolkata Real Estate | Kolkata Property

Real Estate companies in Kolkata Shaping the City’s future

Of late Kolkata is drawing lots of attention as a great destination for hot real estate deals. The young and enthusiastic investors are really finding it a very lucrative option to invest in a chosen deal of property in Kolkata. The interest got renewed for a number of reasons. Once Kolkata was one of the premium cities and at the onset of the 21st century Kolkata witnessed an economic boom with the transformation of the economic policy by the government of West Bengal. This in terms brought in huge investment in the sectors of infrastructure, hospitality, retail and of course real estate.

The interest got rekindled once more and more people are looking forward to invest in a selected property in Kolkata. Not only the residents of Kolkata are taking a plunge into the proposition but also the residents of other towns and the bulk of NRIs are coming forward to buy properties in Kolkata. The main interest is revolving round housing options belonging to the mid segment.

Another reason behind the growth of the real estate sector is the improvement of the transportation system in the city and development of new roads and other routes. New set of flyovers, bypass connectors are being established in order to facilitate easy commuting norms throughout the city. This lead the different real estate companies in Kolkata to come up with projects outside the city limit. Thus, it can be said that the availability of economical and accessible communication facilities in the city is the key factor to the rise of property price in Kolkata. The extension of metro railway project is yet another reason to make the sector so very remunerative.

The suburban area in Kolkata that has seen great growth in the real estate sector are BT Road (North), Howrah (West), Baruipur (South) and Chandpur Champahati (East). The other areas within the urban limit that have great demand for real estate properties and where the real estate companies Kolkata are coming up with the most attractive projects are EM Bypass, Rajarhat and Behala.

The Kolkata real estate market is growing big time and is playing a crucial role in shaping the city’s future. Investing in a property in Kolkata will indeed derive great ROI.

Kolkata- Popular Real-Estate Development Hub in India

Apart from being considered as one of the most idealistic cultural and educational hubs in the country, Kolkata is also referred to as a commercial center that has emerged out to be a lucrative medium for garnering huge profits in the business. In one word, the City of Joy is affordable. It is being sheltering millions since ages and with the rising popularity of the real estate arenas, this city will continue to umbrella many more. Be it the price of the food, commodities or any other things, Kolkata happens to be every citizen’s favorite and it is absolutely a delight to reside in one of the most charming cities in India which is enriched with such cultural and historical significances. So what makes Kolkata the most favorite destination of many Indians residing in the country? This city, in particular has always been proffering the buyers with high-end residential and commercial properties at suitable localities within delightful price ranges. Investing in the real estate properties in the city has been extremely profitable and the effect to which lies in the attraction of many investors in the business. Thousands of investors regularly keep a track on the prices of the city’s properties (both residential and commercial) and keep buying and selling them according to the market situation.Since the property prices of the city are regulated by the consumers’ demand, hence the price rates do not fluctuate that much compared to the market condition of other contemporary cities and their properties.

Owing to the great bond that the city shares with the suburbs, the city is gradually spreading its wings towards building high-rise residential and commercial developments in the outskirts of the city.When it comes to possessing luxuriously designed villas, reasonable housing properties, the suburbs have it all and these fringes have been attracting the foreign as well the Indian investors since many years.The affordable prices and low-cost transport accessibility have enticed many people to invest in the city and take pleasure in earning huge profits. The apartments in south Kolkata are designed quite thoughtfully to provide the end-users with the best of residential and commercial experiences. Huge amount of real estate projects are designed in the heart of the city offering enormous potential to the investors as well as the end users.In the coming years, Kolkata will gain more potential in attracting the real estate investors around the world.

Rajarhat has been the crucial real estate destination for the investment of residential as well commercial developments since its emergence in the fringes of the city. It is one of the most popular hubs in Kolkata due to its price reasonability. According to the real-estate investment reports, Rajarhat has witnessed many foreign investmentsover the past few years. Many NRIs have made it a point to make huge investments in Rajarhat as the prices are extremely affordable.

How to opt for the right real estate agent

Owning a residential apartment happens to be one of the hugest dreams that every human being aspires to have. Considering the importance of what a house generally means to all, it is important to ponder upon the selection of a real estate agent who has expertise in the field of meeting people’s requirements. The people who are seeking homes or have already got their dream homes through a broker knows very well how important role a broker plays in their lives in getting them desirable homes. These days’ the minute you decide on buying a house you will be flooded with various opportunities to opt for a broker. Purchasing a house of your own accounts for making a huge investment and with an experienced broker one can easily choose a desired house. Searching a house without a broker can be a big nightmare as one is generally not accustomed with all the information of the area. Hence hiring a real estate agent who has all the necessary information is always a good as well as smart idea. While selecting a broker for yourself you must consider the following points without which you will feel lost and devastated.

(a) You need to ensure that the agent whom you have hired for yourself has a good market reputation as well as years of experience in the field. It is not every day that a man buys a house. The entire process through which the final papers of the household gets transferred takes a huge time duration, therefore hiring an experienced and skilled broker who can handle matters with care is required. A broker having good repute enjoys huge demand in the market.

(b) A broker who has good communication skills and who can manage both the sides properly is the one with whom one can easily work with. If a broker shows negative approach and attitude towards one party then it is quite evident that the other party will surely walk away breaking the deal. Getting along with all should be the mantra of the agent who looks forward to sealing the deal effectively.

(c) Market research is always necessary before assigning a broker. In order to know how efficient the broker really is, one needs to do research on the market reputation of the agent. For the people who have been investing in buying a house for the first time must ask others about their experiences regarding buying and selling of houses. This way one will be able to get a thorough insight of what all qualities should a broker possess? Word of mouth is of the most trustworthy sources through which one can get ample of information about the real estate agents. As this source is not necessarily created by any agent in particular hence one can rely on the various experiences which one gets to know from here and there.

(d) It is essential to have a word with more than one agent before deciding on one. As by interviewing many agents, one will get a detailed insight about their work experiences and details of handling matters in different situations.

Selecting a real estate agent while buying a house is always a good idea and by following some important points one can surely get a good real estate agent for himself.