The world-wide recession over the past five years has left a bad taste in the mouth of most working class people. Many jobs had to be cut off and prices of most commodities have gone up making some of them unviable for buying. In spite of all this, there is still one such sector which hasn’t been adversely affected by recession which has been the property sector. The era may be of an economic slowdown or an economic boom, the property sector is always away from loss making. Many people, especially economists feel that this sector is always growing in the positive direction because land properties are non-depreciation assets.
Many real estate agents are now making a beeline for East India. It seems that property prices in the West and South of India have risen to such soring levels that selling any flat, bungalow etc has become tough. The eastern part of the nation, epically West Bengal has been under-utilized in terms of land and property so the prices are still under control. In urban Bengal that is in cities like Kolkata and Howrah, the property prices have just started to rise due to infrastructural development like Metro Rail Projects. So property agents are looking towards other two tier cities like Durgapur and Asansol. Being in the country side of the state, property prices may still be under control over there.
The north side of Kolkata city also still has some scope of availability regarding prime land and property at reasonable prices. It’s so as the southern part of the city of joy has risen up quite a lot when it comes to these non-movable assets. The future seems to be bright and won’t become dull for the property sector for many decades to come in this century.
The boom is just going to increase with time for any property in developing nations. This is true especially for the eastern part of our great nation.