Author: Liyans.com

Godrej Properties launches Godrej Platinum in Alipore, Kolkata

Godrej Properties Ltd., the real estate development arm of the Godrej Group, today announced the launch of its ultra-luxury residential project, Godrej Platinum, in Alipore, Kolkata. Spread over approximately 1.4 acres, this project will have only 35 luxurious homes. Apartment sizes range between 3,762 sq. ft. per apartment and 5,075 sq. ft. per apartment with an average ticket size of Rs 10 crores per home.

Godrej Platinum enjoys good frontage on Burdawan Road within the peaceful and serene Alipore, which has established itself as Kolkata’s most desirable residential enclave. Renowned hotels, schools, hospitals, and shopping malls are in close proximity to Godrej Platinum.

The centrally air-conditioned apartments will have luxurious and spacious bedrooms with exclusive wardrobe areas. All apartments are designed to be intelligent homes and will be fitted with state-of-the-art home automation systems. Each apartment will have spacious outdoor private decks for entertainment. The residents of this project will also enjoy membership in Quintessentially – an exclusive international concierge club. In addition, Godrej Platinum offers a multitude of lifestyle and sports amenities including a well-equipped gymnasium, swimming pool, indoor games and dedicated kids play area.

The project will use eco-friendly material and will integrate environment-sensitive passive architectural solutions to minimize carbon emissions. Features like electric car charging facility, rainwater harvesting, low VOC paints and water efficient fixtures will be incorporated in the project design.

Godrej Platinum is designed by world renowned architecture firm, Perkins Eastman, who are the Masterplanners and Design Architects for the Indian School of Business at Mohali and have to their credit many international landmarks.

Mr. Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “”We are very excited to launch our luxury residential project, Godrej Platinum, in Alipore. Through outstanding design, quality construction, and attention to every detail, we intend to ensure that Godrej Platinum becomes Kolkata’s most exclusive and desirable residential address for decades to come.”

Source: The Economic Times

Demand in Kolkata Real Estate Market

Real Estate Market in Kolkata is developing with tremendous growth. Infrastructural growth is increasing from day to day in Kolkata. Being the capital city of West Bengal, it has got superb opportunities in near future. Kolkata, formerly known as Calcutta is one of the largest cities in India with a population crossing well over several millions. The population of Kolkata on January 1st 2012 is approximately 4,324,723.(Extrapolated from a population of 5,080,519 on August 5th 2009 and a population of 4,486,679 on June 25th 2011.)

Keeping in mind the future prospects Kolkata is riding on the surf of growth. The development in the industrial sector was huge in the past few years which added to the growth of the real estate sector. The boom in the Information Technology was also significant in the growth of the real estate in Kolkata. Several of the international software companies likes of Infosys, IBM, Wipro, TCS have set up their unit in Kolkata.

Kolkata is the ‘cultural capital’ of India. It has a rich cultural background. The city of Kolkata boasts of stalwarts like Swami Vivekanada, Rabindranath Tagore, Satyajit Ray. It has splendidly contributed to the rich culture of India and is famous for it globally. It has an immensely cosmopolitan environment and it is one of the cheapest cities in the world. Many of the industries are gradually emerging in Kolkata.

Hence the city of Kolkata is attracting a huge number of prospective customers/investors to invest in Real Estate Market. The decisive factor of this development is the improvements in the the governmental policies and reforms. The presence of a port by the River Hoogli make its future even more commercially prospective. This is in turn creating many employments and will raise the price on a pro rata basis.

The main companies working on different projects in Kolkata Real Estate Market are:

Opportunities for the Real Estate in Kolkata:

  • Reasonable residential apartments is the recent demand of the consumers
  • Commercial Leasing for any kind of legal commercial operation
  • Office Leasing for small and medium sized organizations
  • Construction of shopping malls, hyper marts, and other modern format stores
  • The investment in the real estate in Kolkata would be very profitable
  • The real estate in Kolkata would also attract more FDI’s for its commercial success
  • Company Leasing for national and international business organizations
  • Individual Leasing for either residential and commercial purposes