Delhi realtor buys 20 acres in Kolkata

Alchemist Township India, a Delhi-based real estate developer, has bought 20 acres of prime land in the Aerotropolis being developed by Bengal Aerotropolis Projects Ltd (BAPL) at Durgapur, 180 kilometres from Kolkata.

This project envisages developing 2.4 million sq. ft. for housing. The company has set a target to develop 10 million sq. ft. for affordable homes in Eastern India, which will include Bengal, Orrisa, Assam, Bihar and Jharkhand.

International property consultants Jones Lang LaSalle India were the transaction mediators for this deal, which is West Bengal’s largest land transaction in 2013 to date.

Source: Business Standard

Indian Real Estate Infrastructure

Real estate India has come a long way in the recent years with entry of several innovative and internationally acclaimed real estate developer.US based real estate company which has offered world-class constructions to the country. The real estate developer has its mark in several famous cities.Chennai and Delhi.developers have renovated the Indian real estate infrastructure with their international standard developments which include both commercial as well as residential properties. It is because of the presence of such real estate developers in country that today Indian real estate is shining high among the worlds best real estate investment destinations.

Today there are number of housing options available for investment in India. Both budget properties as well as luxurious housing options are available for investment. For those looking for budget property investments there are apartments and flats in 1 and 2 BHK formats while luxurious bungalows, villas, high end 3 BHK and 4 BHK apartments and independent homes found in metros are suitable investment options for the comparatively higher income sections of the society to make promising returns.

In the current scenario private equity players are considering big investments, banks are giving loans to builders, and financial institutions are floating real estate funds and therefore real estate investment scenario in India has become much flexible and easier. With 100 per cent FDI in real estate now being allowed, even the overseas developers are also closely looking at the market to make an investment to add on to their money. India is among the worlds largest republic or democratic countries of the world. There is good governing system with equally supportive, strong and transparent legal system. The country is providing legal protection for intellectual property rights of the investors or property buyers. Therefore demand for Indian properties is continuously rising on a global basis. Investing in India real estate in current scenario is definitely very profitable and therefore those who are looking to make property investment should rightly select a right property in a good location or city for the investment because it is after all the location of the property that really defines the terms and value of profits you get from your investment.

Source: Abodes India