property in kolkata | Kolkata Real Estate | Kolkata Property

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.

Real Estate companies in Kolkata Shaping the City’s future

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.

TMC MP’s firm buys 2 mn sq ft in Kolkata township project

In one of the biggest land deals in Kolkata, Alchemist Township India Ltd has purchased 2 million sq ft of prime residential land from the Hiland Group at the Calcutta Riverside, a satellite township development of 262 acres on the banks of the Hooghly river.

Alchemist Township India Ltd is an arm of the Alchemist Group, promoted by KD Singh, who is currently Trinamool Congress MP in the Rajya Sabha. Alchemist Township India has earmarked approximately Rs 600 crore for this project.

“Alchemist will be the only outside entity to acquire land for residential development in our project. We have found a lot of synergy with them and are satisfied that they will both contribute to and derive optimum value from this partnership,” said Sumit Dabriwala, managing director of Hiland Group.

The deal has been facilitated by Jones Lang LaSalle India, who was the transaction partner for both the companies.

Mayank Saksena, managing director-land services, Jones Lang LaSalle India said, “Calcutta Riverside is a prime township project that has a very healthy mix of market drivers, including a 25-acre IT Park, various commercial establishments, world-class physical infrastructure and advanced lifestyle features such as a golf course.” Alchemist Township India Ltd is reported to be planning to develop golf-course facing apartments and group housing in the two plots they have acquired.

In May this year, the company bought 20 acres of land from the Bengal Durgapur Aerotropolis Projects Ltd at Durgapur. According to media reports, the deal amount was around 50 crore.

Source: The Indian Express

Growth of kolkata real estate market

Since independence, the city of joy Kolkata has been growing; both in size and in terms of population. From incorporating different people to different businesses, growth has been quite consistent. But very recently the talk of the town is certainly the boom of real estate industry in Kolkata. The city is expanding like never before; and these days the buzz is high around all those skyscrapers, shopping malls, cinema hubs, multiplexes etc in and around Kolkata. Some years’ back we have seen cities like Mumbai or outskirts of Delhi and even Bangalore were growing but the hype that is happening around the real estate market in Kolkata of late, is something that has never been seen in Indian market thus far.

From those glittery malls to the newly build high-rises in various parts of Rajarhat, New Town etc places, Kolkata real estate has become such a hotshot that real estate tycoons from various parts of India are going gaga over the city now. Apart from the big commercial properties, residential properties too are in great demand. People; NRI’s, bongs who wants to come back from various parts of the globe, big celebs etc all are trying their hands in searching a soothing, serene, posh location in or around the city.

You may found it strange but truth is that Kolkata is getting bigger and better with time. And in upcoming years, it only promises more. Kolkata’s latest outskirts like; Garia, Topsia, Chinar Park or New Town etc are the new hot properties around Kolkata. Especially places like Rajarhat, New Town have emerged as the most favoured places for the big property developers. Thus now you would find high-priced and luxurious housing complexes in Shrachi Rosedale Garden or in Chinar Park etc. Spreading across a long stretch of 16 acres, Shrachi Rosedale Garden is undoubtedly one of the finest residential properties to be sought after in the city of joy in current times. These sort of residential
a actually have been able to cuddle an array of services which were not that easy to see in earlier scenario. Today if you have money and if you are willing to spend then you would virtually get hundreds of options too.

With more companies coming in and around the IT hubs like Salt Lake sector V & Rajarhjat, the future seems to be sparkling for the real estate builders for sure. Anyways, when you can find all the important amenities of life like; school, station, airport, market etc within your short reach, then no wonder to see people becoming more eager to buy these properties like ever. So you just need to pick the right one for yourself as per your choice and then it’s time to indulge yourself in luxury my friends. Come and discover Kolkata.

Source: Electron Style

Narendrapur: Realty Hotspot in South Kolkata

Kolkata is one of the best locations of India which witnessing a huge growth across all sectors, especially the real estate sector which has rapidly changed the face of Kolkata as one of the top most metropolitan cities of the country. Kolkata real estate has plunged in all parts of the city but south and south central Kolkata has observed sky rocketing price trends and it certainly is ever increasing. Rajarhat Township and Eastern Metropolitan Bypass are also experiencing good growth compared to other parts of the city. Many new parts in and around the city have emerged as new real estate hubs in Kolkata. Kolkata real estate market is swelling with huge demand and transactional activities which has been looked as great growth prospect in the city’s real estate.

Narendrapur, located near Dhalai bridge-EM bypass is one of the most sought after residential real estate destination which is developing rapidly in Kolkata. Kolkata property market is growing swiftly with noticeable price appreciation across the city. Rising demand of properties in central areas and scarcity of land parcels in these regions has shifted the real estate market of Kolkata to its fringes which has given rise to the outskirts areas like Narendrapur.

Real estate scenario

Affordable property prices are the major driving factor of Narendrapur along with smooth connectivity and decent infrastructure which helped region to establish foundation of the real estate market at Narendrapur. Although the region has great opportunities for affordable housing, it also has great appreciation for luxury residential real estate. Many projects in this locality offer premium luxury apartments and houses in the affordable price range which is much lower compared to the other prominent parts of the city. With growing real estate growth and development in the region, it has observed price appreciation of about 10 to 15 per cent in the past six months and the highest demand was observed for new supply instead of resale sector in the region. Narendrapur region has shown a huge growth in the past three years with a clear growth of about 25 per cent owing to the infrastructure developments, good connectivity and affordable prices. Numerous developers are considering the region as new realty hotspot in Kolkata as an alternative to the high value property areas in central Kolkata.

Connectivity and infrastructure

The region has great connectivity as it comes in the vicinity of Dhalai Bridge in the southern fringes of the Kolkata. It is well connected with almost all parts of the central Kolkata and other prominent locations of Kolkata. The proposed under construction metro rail have huge future connectivity prospects in the region which will boost the real estate prices of this locality to the skies. The Eastern Metropolitan Bypass Road which will connect to Baruipur will also be the best future catalyst in the region’s real estate market. The proposed developments in the region are already attracting numerous developers in the region to set up their projects offering all sorts of housing units.

Narendrapur is located approximately 20 km from Howrah Bridge station and about 15 km from Sonarpur which are the prominent destination in Kolkata. An array of commercial developments was observed in the region in the past few months. Narendrapur’s strategic location on Kolkata fringes with decent connecting has worked as catalyst in the exponential growth in the real estate of this region. Narendrapur houses some of the prominent schools, colleges, hospitals, entertainment and shopping outlets providing basic social infrastructure facilities in the region.

Factors like good connectivity, affordable prices and availability of land has led to surge in the real estate market of the city. Many developers are coming up with residential project offering range of housing units which will be ready for possession by 2014. Some of the active developers in Narendrapur are Rajwada Group, City space, Shree Ganeshaya Infraprojects Ltd., Mayfair Group and Sugam Homes etc. Alongside Narendrapur, many other new areas have recently gained momentum in the real estate market of Kolkata these regions include Naktala, EM bypass etc.

Source: Bharat Estates