2bhk flat in Kolkata | Kolkata Real Estate | Kolkata Property

Which are the real estate hotspots in the City of Joy?

Having a residential apartment in Kolkata is a sheer delight no doubt.The emerging locals like Garia are the hotspots in the city in terms of generating high return on investment in form of rental incomes from the property.

The Kolkatans have much to cheer on their real estate investments. Garia is a place which is yielding bountiful returns from the real estate properties in terms of the income generated from them as rentals. It can be well assumed that if you have a residential apartment in Kolkata standing in Garia or the adjacent areas then you will surely reap handsome revenue from it. Say, you have invested about 45 lakhs on the property then you can easily look forward about earning an amount ranging from 15K-30K/month. According to the recent records a 2-3 BHK apartment in Garia would cost about 20-50 lakhs, while lowest cost of a 2BHK is about 20 lakhs and the minimum range for a 3 BHK would be 30 lakhs approximately.

Having a property anywhere in and around the city always have its own set of advantages. If you have a property in north kolkata or South Kolkata, both way you are at gain but there are certain specific locations. As we have been discussing that having a property in Garia has its own benefits. A 2 room apartment might offer rent of about 15-25k per month and in case it is a 2 bhk one then the rent will start somewhere at 20K and hence one can actually guess what will be the actual amount of profit to be gained from the house over the years. Hence, getting a home is no more limited to the “sweet home” concept. It has very well gained a investment approach with a strong return. In case your house is furnished, no doubt the amount of profit would be far higher.

The key point of opting for Garia is its connectivity to EM Bypass and the potential it carries in the upcoming 8-lane expressway connecting it to the city in a much better way. Alongside, the proximity to the metro stations of Kavi Subhash in New Garia, Kavi Nazrul in Garia Bazaar and Shahid Khudiram in Birji have increased the net worth of the place at a great volume. The area also has all the necessary amenities like good schools, hospitals, markets and all others at the vicinity. This has given it the edge over other localities in the city.

What are essentials to find the appropriate 2bhk flat or commercial property in Kolkata?

The urban arena in Kolkata is extending beyond its usual limits at a steady pace in accordance with the development in the sphere of its socio economic and cultural lifestyle. The cross flow of newer ideas in the domain of technology and other services are also acting as a driving force to the major development. Therefore, the ultimate need is zeroed at more advanced infrastructure to house the contemporary attributes. Thus, the real estate scenario in the city is enhancing. The call for settlement and nestling the different set up is leading to major ventures to be undertaken in the real estate sector and thus the domain is grabbing attention consistently.

The entire structure of the real estate domain rests on two pillars constituted by the residential and the commercial properties. The residential block is primarily concentrated around flats, standalone houses, bungalows and others while the commercial field deals in multiple selections such as, offices, malls, medical bodies, warehouses, retail and various others.

The real estate builders are gaining popularity favorably and hence it is no way a difficult option to find a project by a reputed builder anyway when you are looking for flats in north kolkata or a 2bhk flat in Kolkata.

It is still important to consider some factors while choosing your builder.
• How experienced is the builder in dealing with the industry?
• What are the projects undertaken and how was the quality of the projects?
• Is there any involvement of sub-contractors or third-party?
• Does the builder possess the entire relevant permit or sanction from the respective authority to run the projects?
• How comfortable you would feel as a buyer?
• Can you opt for loan and installment facilities as a buyer?
• How reasonable is the price of the property?

Lastly, it is really important to gather feedback and recommendation from other buyers. This considerations are applicable for choosing builders for both residential and commercial set ups. For commercial building the additional things to consider would be analyzing the cash flow and then deciding on the budget, putting utmost attention on details and selecting the space in a commercial hub.

If you are in look out for a normal 2bhk flat in Kolkata or a commercial space for your thriving business, then first understand your actual needs well and then make investments. Your thought process must be practical to gain a favorable deal.

Is the Property Sector recession proof?

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.

Tips on how to select a commercial property

Buying a commercial property in Kolkata might be costlier but if you end up making a wrong choice then the entire money will go to stake. Making a real estate investment requires intense knowledge of the market. One mistake and the entire deal can cost you huge amount of money. So it is important to take enough precautions before finally signing on the dotted lines.

Investing in a commercial property can indeed facilitate a good amount of earning. One can work on his own business in the apartment or can give it for rent. Investing in a commercial property has got many advantages. Besides coming to an aid in garnering monthly income, it also tends to be beneficial for securing a savings for future purposes. Before investing on a commercial property in Kolkata, it is important to consider investigating the property thoroughly to know whether the investment is good enough or not.

AMP Baisakhi — Commercial Property in Kolkata

(a) After purchasing a house, the next big plan lies in locating a suitable place which one can take over for setting up the business. The property must be well-located in an industrial area which can facilitate easy income.

(b) For finding the right property it is important to hire a perfect real estate agent who has an intact knowledge of the properties throughout the city. A real estate agent sells residential as well as commercial property. These people provide excellent services to the end users and help them to take the apt decision within affordable budgets.

(c) Whether the property is situated in a rural area or a town is another most important decision. If your business involves rural backdrop then finding a suitable property in the rural areas will be better. The same applies for the urban set up involving industrial development in the urban areas.

Before investing in a commercial property it is important to acquire knowledge about the place. The selection of the property location depends very much upon the nature of the business.