Real estate company, Jain Group, had on Monday launched its affordable homes project – Dream Pratham – in Madhyamgram, a few kilometers north of Kolkata.
The group is likely to invest Rs. 50 crore in the project. It is also eyeing an investment of approximately Rs. 250 crore in similar mass housing projects.
The apartments are priced between Rs. 18 lakh to Rs. 22 lakh, according to a release issued by the company.
In the first phase, the project will have 150 flats with facilities like Wi-Fi enabled in-house library, multi-gym, indoor games arena, children’s playing arena, 24-hours security service, landscaped garden and spa to give a premium experience of living daily life.
Dream Pratham will provide the residents with easy transport in the form of Dream Express Shuttle Service which will drop them to major points from where they will be able to avail themselves of various transport services
A real estate agent has emerged to become a great helping hand for the ones who desire to purchase or sale their real estate properties.
Before purchasing an apartment, many people consider taking the aid of a real estate agent. This way, it becomes easier to get adequate help and right assistance. The one who is looking forward to buy or sell an apartment may not know anything about the current market condition. On the other hand, the real estate agentshave got accurate information about market stability conditions and they are the best persons to whom one can seek assistance. Without their assistance, the entire process of buying and selling of homes and apartment can be a difficult task. If one is not aware of the present market situation, it is better for him to hire a real estate agent and benefit himself with the proper guidance of the agent.
Real Estate Agents
The procedure of purchasing and selling becomes a whole lot easier and simpler with the correct guidance. Simple things can become difficult if one does not have proper knowledge of the actual market prices. It is important to hire a perfect real estate agent who has got all the information related to increase and decrease of the house prices. There are many benefits of hiring the services of an agent who is an expert in the field of real estate investment. Some of the benefits have been discussed below:
(a) Expert guidance: This is by far considered to be one of the most essential requirements in terms of buying and selling of real estate property. An expert and reputed agent serves the buyers with proper assistance in terms of shifting in market prices.
(b) Time-saving: The moment you hire an expert for handling the issues related to real estate, then he completely takes the charge and saves a lot of time of the buyer or seller as he can continue with his work.
(c) Active Representative: Owing to the market complications, it becomes immensely difficult for the buyer or seller to answer all the questions related to the purchase and sale of the real estate property. Hence, a real estate agent is hired to represent the buyer or seller who has answers to all the queries.
As it is about making the consideration about purchasing a property the potential real estate buyers opt for multi-storey apartments as they are the more unique and effective options and reap great profitability in the long run. They are the more tailor made options and can be customized according to the needs in a much better way. That’s the reason the major Kolkata real estate companies are concentrating more on development of multi storied residences as the Kolkata buyers are more inclined towards buying the same as they come with much more readiness and are always in a ready-to-move mode. There is also a steady inclination towards buying flats in south Kolkata in localities like Ballygunge, Kasba, Tollygunge, Jadavpur, Behala, Garia, Sealdah, Alipore and Prince Anwar Shah Road. They are indeed great place to lock the property as over time they generate great ROI. Therefore, if a survey on the home buyers would be taken it will be well seen that they either prefer plots or houses and more precisely multi storey residences in this region.
Kolkata Real Estate Companies
The budget that most of the buyers comfortably afford in these areas ranges from 20-40 lakhs and the interesting fact happens to be that the flats that comes below the budget line of 20 lakhs they are highly undersupplied and on the contrary high demand for flats with a price tag of 1 crore can be observed.
The great destinations for top class rentals include Garia and Behala. The best advantages shared by the localities include availability of hospitals, schools, commercial complexes, metro connectivity and enroute to EM bypass and there are several other advantages in terms of the infrastructural benefits and so on. The average price of properties in these regions move around Rs 3600 per sq ft and still the demand is constant.
The Kolkata real estate sector is booming steadily and there is a constant demand for housings and plotted properties in and around the city. More inclination towards multi storied apartments can be seen but the overall demand is ongoing. Here is a short overview.
Buying a residential apartment is not an easy task. It takes immense time, effort and luck to get the best deals. Owning a luxurious flat in a posh locality is not every body’s cup of tea. Many people especially the middle-income grouped people are not able to dream that high hence settle down for a decent one in an educated locality. It is immensely important to ensure that the locality is good enough otherwise it becomes really tough for the residents. A peaceful and clean society is what everyone looks for. A few buying tips have been discussed below which can be helpful for people making investment in residential apartments.
Real Estate Agents
(a) Before looking for the flats, you need to jot down the amenities which you are seeking and accordingly carry on with your search. Buying flats include investment huge amount of money and feelings. What you are buying now will eventually reflect your choice of lifestyle and that is why it is important to make sure that the place chosen has everything right on place. It must have enough space for the kids to play around in future. The apartment should be such that it becomes easier for the home makers to fill every corner of the flat with love, emotions and dreams.
(b) Your budget is normal and you are looking for some posh flats in a luxury society. This is weird. It is better to look for something which comes easily in your budget. This way, you will be able to save time and utilize your energy in finding the exact things which are important for you.
(c) The flat should be placed in a proper location which has access to the communication facilities. If it is located in a distant area which does not bring you any closer to the basic amenities in life such as the bazaar, food hub, hospital, school, office, universities, etc.
(d) Researching on the market price and then signing on the dotted lines will make you a great buyer. It is important to do intense research on the market value otherwise one will end up making a big mistake.
(e) Hiring a proper real estate agent is also necessary as he can educate the buyer by giving adequate and proper information regarding the buying and selling of apartment.
It is important to do proper market research before buying a residential apartment as buying an apartment involves huge investment both in terms of money and feelings.
Kolkata is one among the few cities to enjoy a great phase of growth in terms of real estate companies in Kolkata launching new projects across the city. The city is actually on its way to top the real estate graph and this in turns have even strike a ray of hope in the minds of the buyers looking for affordable selection of apartments in south Kolkata. The developers of all scale across the city and the country have plunged headlong into the market and are steadily on their effort in creating great options to invest for the segment of buyers in the city. With the launch of so many great projects the value of money is well appreciated in the sectors of commercial and residential properties.
The price of properties in south and central Kolkata are skyrocketing but still the look out of properties in these areas are ever ending and that is yet another prospect driving the sector. The areas that are really witnessing good growth are the Eastern Metropolitan Bypass and the Rajarhat-Newtown satellite township. There are visible signs of price hikes marked in these areas to a great extent just over a period of six months. These also imply that a major part of demand for a house for sale in kolkata in concentrated in these areas.
It is indeed a delight to say that the real estate projects in Kolkata are at par with the global standard and are great pleasure to the end users. The principal reason behind the breeze of change in the sector being the increase in the Foreign Direct Investment (FDI). The price inflation on the other hand is due to the limitation in the availability of projects, development of the transportation network across the city and several other factors accelerating the increase in price.
The real estate sector in Kolkata is steadily emerging comparison with the other Tier-I cities like Mumbai, Delhi, Hyderabad, Bangalore and others. The main reason behind this is the moderate property prices property prices in Kolkata compared to the steady developments and growth prospects observed by the city.
