Real Estate Residential Flat in South central Kolkata

Real Estate in Kolkata is in a high growth phase, especially in office, hospitality, retail and residential sectors.

Real Estate in Kolkata have appreciated in monetary value in the last few years. A rapid industrialization and creation of a better infrastructure has contributed to development of Real Estate in Kolkata.

Real Estate in Kolkata, West Bengal is defined as the land in the Kolkata metropolitan region along with anything attached to the land like buildings and its fittings.

The demand of real estate in Kolkata is fueled by the development of the Information Technology(I.T) and Information Technology enabled Services (ITeS) sectors.

The real estate in Kolkata is also driven by the following factors:

Lower land acquisition cost
Attractive government initiatives
Lower asset prices
Availability of scalable infrastructure

All these factors make Kolkata Real Estate a magnet of premium developers from all over India and abroad.

Foreign real estate investors makes Kolkata Real Estate as their first port of call.

Prices of Kolkata real estate have shown a steep upward graph- especially in South and South central Kolkata where the price per square feet has risen a mind blowing Rs 800 in just six months! For example real estate prices in Bhawanipore has risen to Rs.3000 from Rs.2,200 in only six months! The other boom areas are the Eastern Metropolitan Bypass area and the new Rajarhat township.

The unprecedented price rise in Kolkata Real Estate is seen in south Kolkata localities like Ballygunge, Prince Anwar Shah Road and Elgin road. The factors behind such a steep rise in select localities are the limited availability of real estate options, successful retail and commercial projects and improved connectivity with improved urban road build quality. There is also an abstract reason- aspirational quotient of the consumer.

The inflow of Foreign Direct Investment (FDI) has also led to an appreciation of the overall quality of real estate projects. Movement in real estate market has given push to Kolkata Hotels too.

These days real estate agents in Kolkata are in great demand for the real estate is considered more than a fixed asset. Today it is the best place to invest your money. So as more and more people want to buy a land in Kolkata, they require the help of real estate agents in Kolkata.

The real estate agents in Kolkata are very cooperative and friendly. They will help you in getting your choice of property within your budget. With more and more land on sale and big giants eying for it, the value of land in Kolkata in West Bengal has gone up.

Source: mapsofindia

Barasat, The New Residential Investment Attraction In Kolkata

Located in the northern fringe of Kolkata, Barasat is transforming into a well-established residential area. Situated on the Jessore Road, Barasat promises good location with easy access to civic amenities.

Barasat, which was earlier less developed, is growing at a fast rate and is giving other areas such as Rajarhat and New Town, a run for their money. Experts in the industry say that Barasat is becoming a sought-after option as it is affordable as compared to other areas and is well-connected to business hubs.

The area was less crowded earlier but now it is developing by leaps and bounds. All facilities like hospitals, schools and shopping complexes are in the vicinity and the area is also affordable as compared to other areas.

Barasat is just 15 minutes away from the Netaji Subhash Chandra International Airport and the railway station, Barasat Junction, is also at a distance of about 10 minutes. It is also favourable for people as it is closer to NH-34 towards north Bengal and is also near the Salt Lake.

In multi-storey apartments along this stretch, the major features are ample parking space and lush greens. The apartments are serviced with facilities such as swimming pools, courtyards, gyms, maintenance, security, etc.
Presently, the sale values in the area are in the range of Rs 1600 and Rs 2,600 per square ft.

There are less of 1BHK apartments whereas the 2BHK configuration with an area of 450-800 sq ft is more in demand. The 3BHK apartments are constructed in 1100 sq ft area. A 2BHK unit is available at rental values of approximately Rs 18, 000 per month while for 3BHK it is about Rs 27,000.
As per the experts, the proposed metro station is expected to bump up the rental values.

Barasat is a desirable location for property buyers and approximately half the buyers are end-users. A 30 per cent return on investment, accounts for the other half of buyers being investors.

Major developers that include Fortune Group, Sanjeevani Developers, Vedic Group etc, who are coming up with residential projects in Barasat attracting end-users, especially from North Bengal itself.

Source: Aawas

Tips to Buy and Sell Residential Apartment in Kolkata, India

Real estate business is a highly unpredictable business venture in India. Buying and selling of real estate property has equal probability of both profit and loss. Timing is the keyword in any real estate property dealings. Selling at the right time can result in huge profits.

The basic idea to make profit in real estate business would be to buy when the prices are low, hold the property till you feel the value has reached its peak and has saturated, and sell it out keeping a huge profit margin. But the problem which usually arises following this rule is the huge maintenance costs involved during the holding period which increase manifold in the metropolitan cities such as Delhi and Mumbai. This waiting period is very frustrating as you only have to incur expenses, which might reduce your profit.

Here are certain tips for a committed and serious real estate investor:
1. Decide what to sell?

Choosing the right kind of property and the proper investment method is highly important. Different kinds of property should have different ways of investment.

The most reliable property in which one can invest in to get an assured return on investment (ROI) is rental property. Rental property comes for as low as Rs. 5-6 lakhs in small towns. I am from a small town called Durgapur in West Bengal and I know how these properties are selling like hot cakes here. What one has to do is to simply stay in the house for a period of time; repair it occasionally for which you can also get tax exemptions and finally sell it. Although returns are guaranteed in investments of this nature, they usually trickle down slowly.

Owning commercial property is a better proposition compared to business property as the hassles of repairing the property as in a residential property is greatly reduced. Investing in such property usually bears good fruit. Location and infrastructural facilities should be taken into consideration while investing in commercial property. You get a better price for a location where you get the Metro, Railway stations, Bus Stands and local bazaars easily.

Owning a plot of land and selling it at the right time is one of the easiest and most profitable kinds of investment. This kind of investment doesn’t have any recurring costs associated with it and is thus a pretty safe investment. The waiting time can be particularly long in investments of this sort.

2. Gauging the Market

In real estate business you have to be always very aware of the existing market conditions. India is a very fluctuating market, so keep an eye on it. Buy when few are actually buying else you may have to buy in the listed price. Sell at a time when you are in a position to make a good offer. Calculate the time value of money before declaring the price. Keep note of the expenses incurred during the holding time.

3. Pricing

This is the most important part of a real estate business. You have to be smart enough while pricing keeping in mind the competitive environment, the future utility of the property and other important issues like location of the property in the cities of India and the demand of the particular property. Thus, you can easily expect Rs 8-10 lakhs for a 3 bedroom flat in the Gurgaon region, which is the upcoming technical hub of Western India.

These are the few tips which can help in your decisions of selling and buying real estate property, but ultimately it is your will to take a risk and your vision which will make you reap good benefits from buying and selling of real estate property in India.

Source: Property India News

Flats News in Dankuni, Kolkata

Kolkata based Jain Group has announced the launch of affordable housing projects across Kolkata, Durgapur, Siliguri in Bengal and Bhubhaneshwar in Odisha. The projects cover an area of 5 million square feet at a proposed investment of Rs. 2000 crores.

The announcement follows in the wake of the launch of a residential project “Dream Eco City” in Durgapur in West Bengal. Two more projects are planned for this city, one by end of this year and the other by the middle of 2014.

Mr Rishi Jain, Executive Director of Jain Group told reporters that the first phase of the project comprising 800 flats at a cost of Rs. 400 crores is underway and should be ready in four years time. Uniquely designed, the innovative project uses nature as an inspiration and provides harmony of environment and buildings. A five star hotel is also proposed inside the project area, with international tie up. Jain Group is famously associated with Best Western, the worlds largest hotel chain and it plans about 15 hotels throughout India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year.

Source: AbodesIndia

Real Estate Residential Flat in Kolkata

Real Estate Kolkata developing with tremendous growth. Construction and infrastructural growth is on the rise in Kolkata. Being the capital city of West Bengal, it has got superb opportunities in the future. It is one of the largest cities in India with a population crossing well over several millions. The need for the developmental activities is enormous. 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 internationally renowned software and software related companies have set up their unit in Kolkata. Likes of Infosys, IBM, Wipro, TCS, etc has opened up their centers 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. So the city of Kolkata is attracting a huge number of prospective investors for real estate. 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 employment and will raise the price on a pro rata basis.

Source: Business MapsofIndia