property in north Kolkata | Kolkata Real Estate | Kolkata Property

Do you know the real estate situation of Kolkata?

In the last few years the real estate scenario of Kolkata has seen a huge change. The residential flats are available in variety of rates depending on several factors.

In the last few years the real estate scenario of Kolkata has seen a huge change. However, the real estate scenario in North Kolkata is very different from South India.

South Kolkata is the commercial hub of the city. Owning to several offices there, people too want to stay in places nearby. Along with the increasing population, number of residential flats is also increasing in the southern part of the city. The residential flats are available in variety of rates depending on the number of rooms in the flat. The rate of flats is also decided depending on the location of the flats. The rates of residential flats in Kolkata can be highly divided into two different groups. One group of residential flats is constructed keeping in mind the middle class whereas some flats are meant for the elite class people.

With Rajarhat emerging as the new IT hub, the property scenario in North Kolkata is very interesting. Since last few years, several NRIs are investing in Rajarhat. The IT employees also prefer to stay in Rajarhat and New Town as the IT sector is nearby. The land cost here is also quite high.

New projects of apartments are changing the look of the city’s southern part. New apartments are being built in South Kolkata. New residential flats are coming up in places of old individual houses. This practice is very much common in areas like Ballygunj, Tollygunj, Mahestala, New Alipore, Behala, Joka, etc. In fact, there is a mushroom growth og flats all over Kolkata.

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.

Why a career as Real Estate Agent is lucrative?

Being a real estate agent is a lucrative career option. Apart from being profitable, real estate investment is an interesting field also.

Have you ever thought how much rewarding real estate can be as a career? A real estate agent can be from any educational background. To become a successful real estate agent, the most essential skill one should have is the strong will of ‘serving one’s clients’ as it real estate is a service business.

Apart from the fact that it is a lucrative career, people choose their career in real estate investment for various reasons. Some people don’t want to work under anyone else and prefer to monitor his own job. There are also some people who have a helping nature. They want to help others in investing right in which is considered to be one of the biggest financial transactions of one’s life.

A detailed discussion will show how can the career as real estate agent be fruitful?

You can be your own boss. This means that you can set your own principles, guidelines, and pace of work, choose your client base and even decide your marketing strategies. Since you yourself set your own business line, your sense of responsibility also grows and you become more focused, thus reaping success in the business. Excelling in real estate investment requires effective marketing. This effective marketing includes good business skills and work ethic. You can do other business also as an additional source of income. Once you develop a brokerage business, you can earn very good money in the future by selling off the business. Another important thing is that once you earn good and dependable name as a real estate agent, clients will come drawing towards you. Publicity through word of mouth is very much effective than several other marketing services. So, once you provide good assistance to someone looking to do some real estate investment, he will definitely recommend your name to his near and dear ones. Thus your business will grow pretty comfortably.

Hence, choosing a career in this field is quite rewarding and interesting too!

What role has Rajarhat played in changing property scenario in North Kolkata?

Investment in real estate and gold give you maximum returns. Real estate in Kolkata has changed drastically over the period of time. However, the scenario of property in North Kolkata is very much different from that of South Kolkata. People settled in North Kolkata much before they started settling down in South Kolkata. North Kolkata is unplanned and suffers from lack of space. Due to lack of land and over population, the property value of North Kolkata is pretty high. However, with Rajarhat emerging as the new IT hub, the property scenario in North Kolkata is very interesting. Rajarhat Township is having good number of NRI investments since last few years. It is not that people are looking at Rajarhat only as investment; they are interested to stay there in the long run, too. The IT employees also prefer to stay in Rajarhat and New Town as the IT sector is nearby. The land cost here is also quite high.

On the other hand, South Kolkata is the commercial hub of Kolkata. There are several posh areas and people prefer to settle down here. Construction of a huge number of flats in South Kolkata is the proof of the large number of people willing to settle down in this part of the city. Real estate companies have their projects specially designed for South Kolkata. The flats of South Kolkata are mainly being designed keeping in mind the modern facilities. The flats in South Kolkata are promoted through several celebrities like Sourav Ganguly. The curve of real estate in South Kolkata is observing a high, thanks to good communication system.

The property scenario in North Kolkata has seen a drastic change in recent years, thanks to development of Rajarhat as the new IT hub. Flats in South Kolkata is also being designed keeping in mind the modern facilities.