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