Residential Property Investment In Kolkata Is Profitable- We Tell You Why

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It’s the residential property segment that has been single-handedly contributing from 5-6 per cent to national GDP for past two FYs. After RERA implementation a projected growth of 7% is predicted by the several market experts in 2017. Being the well acclaimed potential asset class and the second largest employer the sector has not been up to the snuff during past few years.Coming to a real estate investor, a deep research of the market is obligatory before putting money on the industry. Profitable return from realty investment is a different ball game altogether. Before you invest, you need to understand the market graph and investigate positive facts that will turn your investment velvet. But the essential point is a potential investor has to explore as many as opportunities that come in front of him/her.

Residential property price is variable on the basis of location choice. A good neighbourhood, quick accessible transport route, enhanced infrastructure, availability of shopping mall, schools, hospitals, parks and other public spaces have equally vital role in pricing factor of a residential unit. For example- for obvious reason housing properties in suburb are less priced than metro cities such as- Mumbai, Kolkata, Bengaluru, Delhi, Chennai and Pune. For availabilities in the close proximity Mumbai has been voted the best lucrative residential property investment zone.

Residential property sale in Kolkata has been earning satisfactory returns from affordable housing sector. Big market players have also involved themselves in the development of urban low budget projects across the city. Cost of living is another triggering fact that has turned Kolkata into a prime investment choice. Cost of high-end residential apartments are relatively low than the other metros. The city offers equally lavish housing well-connected projects as the other cities do, still they are economical; which is the biggest reason driving Kolkata to be an investment hotspot,”-said Mr. Mahesh Somani West Bengal RERA expert.

“Residential projects developed by reputed builders are back on demand after RERA implementation announcement. All the projects linked with the major business locations and commercial hubs of the city. Besides, banks have also reduced their EMI interest rates on home purchase. It’s really rare in real estate market that an ascending and persistent growth in any particular location. Market has its own highs and lows. But Kolkata is the only metro city which has been considerable to every block of the pyramid. Now market price has dropped for luxury residential units. Investors should plunge into residential market of Kolkata during this transition period to profit maximum from their respective investment.’’- Somani added.

-LNN (Liyans News Network) – To sell property online, enjoy free property listing under post your property in Kolkata segment on our property portal. We offer Buy/Sell/Rent any property transaction and get you the best negotiable rate.

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