As it is about making the consideration about purchasing a property the potential real estate buyers opt for multi-storey apartments as they are the more unique and effective options and reap great profitability in the long run. They are the more tailor made options and can be customized according to the needs in a much better way. That’s the reason the major Kolkata real estate companies are concentrating more on development of multi storied residences as the Kolkata buyers are more inclined towards buying the same as they come with much more readiness and are always in a ready-to-move mode. There is also a steady inclination towards buying flats in south Kolkata in localities like Ballygunge, Kasba, Tollygunge, Jadavpur, Behala, Garia, Sealdah, Alipore and Prince Anwar Shah Road. They are indeed great place to lock the property as over time they generate great ROI. Therefore, if a survey on the home buyers would be taken it will be well seen that they either prefer plots or houses and more precisely multi storey residences in this region.
The budget that most of the buyers comfortably afford in these areas ranges from 20-40 lakhs and the interesting fact happens to be that the flats that comes below the budget line of 20 lakhs they are highly undersupplied and on the contrary high demand for flats with a price tag of 1 crore can be observed.
The great destinations for top class rentals include Garia and Behala. The best advantages shared by the localities include availability of hospitals, schools, commercial complexes, metro connectivity and enroute to EM bypass and there are several other advantages in terms of the infrastructural benefits and so on. The average price of properties in these regions move around Rs 3600 per sq ft and still the demand is constant.
The Kolkata real estate sector is booming steadily and there is a constant demand for housings and plotted properties in and around the city. More inclination towards multi storied apartments can be seen but the overall demand is ongoing. Here is a short overview.