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The New Garia metro car depot has got the tender of amount 103crores to carry on the important activities along with the depot land. This will shorten the time and help for completion of New Garia-Ruby-Park Metro services which will be started on early 2020 but a problem arises when the agency (Rail Vikas Nigam Limited) of this particular project is in tension for the delay in construction because a small plot of land has not been acquired to restart the process. As the project is being constructed to the side of North-South Metro depot of the railway and the activities are smoothly running, the tender is seeking to be used in other activities like water supply, drainage, sewage, roads and tracks, power supply, general electric activities, supply and installation of pieces of machinery to plant them in the project for the car depot.

Once it is completed, this metro car depot will serve as the biggest amalgamated metro car depot in the city to provide the service to North= South and New Garia metro alliances. This is very important for combining these to metro alignments to facilitate the movement of cars as these alignments are the oldest metro corridors of the country.

There is another fact for worrying about the completion of the second phase of New Garia metro station which will be aligned with old New Garia station for facilitating the passengers for an easy journey to the North-South to New Garia airport. Civil engineering activities in the main station are about to complete like 85% of it is almost done. To enjoy these facilities of transportation, homebuyers should invest in 3 BHK Apartments in South Kolkata where the best projects are being constructed to standardize the lifestyle. Projects like SGIL GARDENIA, GRAND CASTLE, GREEN LEAF serve the best transport facilities to the nearest locations which make the journey comfortable and hassle-free.

Real estate is an industry that gives a huge push to the developing economy. It attracts lots of investors across the globe because of the things that they can control the situation. It differs from the stock market because there is no certainty of valuation. Now people are also focusing on rental properties to make a stable income from real estate. So study some good chapters about the real estate market and add an investment to the portfolio.

Real estate is not an alternate option of the stock market– many reputed realtors and investors strongly believe that the stock market is reckless and illogical on the grounds of investments. But real estate is a market where people can manage and have control over the system which can be seen and touched. Real estate has diversified the properties in different suburbs which support residential, commercial, and other industrial places. There are different scopes of investments where investors can make their profits.

Real estate is a big budget– to make money in the fields of real estate; people need to invest money in the industry which also includes mortgage loans. Apart from down payments in the industry, there are other additional costs like interests, taxes, insurance, maintenance, and repair. It is not necessary to depend on the income for property investments as there are many expenses that come with it. People need to save some funds to make such expenses fulfill whenever the property is empty.

Real estate is not an assertive investment- real estate needs the attention of landlords, time, and response if it is a rental property. The tenants will call anytime when they are in need. For this, one owner can hire an official or a manager to control all such problems regarding the property.

Real estate is a business- if one possesses stamina, and a long drive which needs patience and proper analysis, they could become a good real estate investor or a reputed realtor. People need to make calculations for earning returns like in rental properties when tenants are demanding for rentals. Changes and modifying the business strategy also is in a need. Investors need to make certain changes in the property for improvement. They need to keep records of accounts, taxes, expenses to manage the profit and overall outcome from one property.

Investors and realtors should in Upcoming Residential Projects In Kolkata as it has huge investment scopes that come with lots of benefits. The locations of such projects are the main attraction because buyers are now emphasizing on their standards of lifestyle with convenience.

Before buying properties or investing the first time in the real estate, everyone needs to consult with the experts of this industry so that the money they are investing should not run a loss. Liyaans Properties is a property expert who is best and has all the knowledge regarding the real estate market. They have many highly qualified and experienced staff who deal with the investors with all suggestions. They know how to worth one’s money as investing in real estate comes with profit as well as expenses.

The government has given relief to the owners of unauthorized colonies from the last year because the buyers had bought those properties below the market price which were continued previous years. The owner or the buyer of such property possesses legal rights and ownership.

As these colonies are unauthorized, the government has fixed certain rates on it for the registration and the buyers purchased such land and properties below the circle rates. So the owners have got exempted from the payment of income tax as they can be applied for the different market rates and the actual price for purchase.

The land and immovable property which is unauthorized and comes under the National Territory of Delhi will get the tax exemptions and liable under the new Power of Attorney, Agreement to Sale, possession Will, letters, and other documents. The Central government has given the authority of such transactions.

The parliament allowed more than 1700 unauthorized colonies for getting the ownership till last December and they will be exempted from the taxes by following all the documents.  The Centre has given many measures in the real estate industry to revive as soon as possible in post-COVID-19. The homebuyers in Kolkata who are willing to buy flats and apartments for achieving benefits can buy 3 BHK Apartments in South Kolkata .

The buying plans will be sanctioned online from 1st July 2020 by the Kolkata Municipal Corporation as it was stopped due to the Covid-19 pandemic. The roll-out of the online project was delayed due to lockdown which was scheduled to start from April 1.

After the virtual conferencing with the officials of CII (Confederation of Indian Industry), the chairperson of the KMC board administrator said that the extensions are already provided for the sanctioned projects by the government due to the lockdown. The regulatory authority has given the 9 months extension for completion of the stalled projects if needed for the
construction. A period of 5 years is given to the realtors after approval of the project for completing the constructions according to the KMC building rules. If anyone fails to complete the project between the deadlines, the realtor needs to regain the validation by paying additional fees.

The chairperson also added in his comments that the building plans sanction will be done online and the process will be continued on thika tenancy land. If anyone is willing to get the sanction on building plans on Thika tenancy land, they need to get several approvals from different departments including state and revenue departments, KMC, and other several authorities of thika tenancy. He also urged the realtor’s body for granting jobs to the laborers who have returned to the state.

After the provision of the government and several measures of the civic body, the developers will start the construction process to deliver the projects as soon as possible. Buyers can invest in 3 BHK Apartments in West Kolkata which are available with all benefits and discounts.