Of late Kolkata is drawing lots of attention as a great destination for hot real estate deals. The young and enthusiastic investors are really finding it a very lucrative option to invest in a chosen deal of property in Kolkata. The interest got renewed for a number of reasons. Once Kolkata was one of the premium cities and at the onset of the 21st century Kolkata witnessed an economic boom with the transformation of the economic policy by the government of West Bengal. This in terms brought in huge investment in the sectors of infrastructure, hospitality, retail and of course real estate.
The interest got rekindled once more and more people are looking forward to invest in a selected property in Kolkata. Not only the residents of Kolkata are taking a plunge into the proposition but also the residents of other towns and the bulk of NRIs are coming forward to buy properties in Kolkata. The main interest is revolving round housing options belonging to the mid segment.
Another reason behind the growth of the real estate sector is the improvement of the transportation system in the city and development of new roads and other routes. New set of flyovers, bypass connectors are being established in order to facilitate easy commuting norms throughout the city. This lead the different real estate companies in Kolkata to come up with projects outside the city limit. Thus, it can be said that the availability of economical and accessible communication facilities in the city is the key factor to the rise of property price in Kolkata. The extension of metro railway project is yet another reason to make the sector so very remunerative.
The suburban area in Kolkata that has seen great growth in the real estate sector are BT Road (North), Howrah (West), Baruipur (South) and Chandpur Champahati (East). The other areas within the urban limit that have great demand for real estate properties and where the real estate companies Kolkata are coming up with the most attractive projects are EM Bypass, Rajarhat and Behala.
The Kolkata real estate market is growing big time and is playing a crucial role in shaping the city’s future. Investing in a property in Kolkata will indeed derive great ROI.