Team Liyans scrutinizes the current real estate market of Kolkata whether it’s the perfect time for investment or not. We have always seen number of questions coming from frequent eager buyers enquiring about various real estate properties in Kolkata. It shows current property market in Kolkata still has some potential investors. But that does never mean all these enquiries will turn into fruitful investments. Due to global economic meltdown there has been a general slowdown and crosscutting in every sector of primetime investments. This drift is very much evident in Kolkata too.
According to the latest development builders of Kolkata are moving towards developing economical ranged real estate properties with every modern amenity and word-class construction this is because of HUPA project called House for all. Govt has promised to deliver affordable homes for middle and lower middle income group in Kolkata within 2022. This step out might unblock the stagnancy in real estate market. Previously there was disapprobation as there used to be a low number of middle income group in the metro city coming all the way from the suburbs. But with the emerging time people from lower income group started relocating to Kolkata for the better lifestyle and bigger facilities as Kolkata is the centre of business and transport connectivity. But at present time Kolkata is well connected with suburbs. There has been a remarkable change in this scenario. Kolkata developers are following footsteps Mumbai, Chennai, Bangalore in terms of constructing contemporary properties.
Still there are properties in Kolkata which are meant for the upper crest. The real estate growth only protracts when the price of the property comes within every income groups’ reach. For example- there are lots of fascinating high ending residential properties sale in kolkata. Flats in Ballygunge are being crafted under the expertise of distinguished real estate builders and developers and they are focusing on drawing investment from the elite income group of the society- with advanced amenities like- pools, parks, greeneries, sophisticated parking lots, aristocratic club houses, highly equipped gyms, gardens and list goes on. Having said that only Kolkata’s real estate market can only give you best deal in buying properties till this time than other.