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.