Uniworld at New Town, Rajarhat spans 100 acres and is expected to be completed by 2010-11. 3 phases of the project have already been launched.
The South City Pinnacle in Salt Lake the other very good option as NRI Commercial Projects serves the growing demand for office space and is equipped with a food court and a gymnasium supported by a multi-level parking facility.
The PS Group has a string of commercial and residential properties under planning and construction in Kolkata, offering the latest comforts in living.
Genexx Valley on Diamond Harbour Road promoted by Paharpur Cooling Towers is one of the large townships coming up in the city, the rates of which have appreciated by almost 75 % in a year’s time. 2000 flats in 33 blocks on 20 acres will enjoy several firsts in community living, with a library, open air amphitheatre, crèche, twin swimming pools, boating facilities and community halls of different capacities within the complex.
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.
Residential Flat in Kolkata
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.
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.
Property In North Kolkata
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.
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.
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.
Real Estate Investment
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!
