Realty firm Tata Housing today announced a joint venture with Keventer group for a 3-acre luxury residential property in Kolkata.Tata Housing, a subsidiary of Tata Sons Ltd, has 70 million sq ft under various stages of planning and execution and an additional 19 million sq.ft in the pipeline. Keventer group has diverse interests in dairy, beverages, real estate and infrastructure. Tata Housing has enhanced its land bank of premium locations through JV with Keventer group for a 3 acre (approx) land parcel at New Alipore in Kolkata. With realty sector facing slowdown, Tata Housing said it has been utilising this opportunity to strengthen land bank to create ultra-luxury flats in kolkata projects across prime locations in major metros across the country. It has also sought an order declaring the conduct of Ministry of Civil Aviation as “arbitrary, unjust and violative of articles 14 and 19 of the Constitution” for “failing” to decide its application for security clearance to Bhasin till date.
Residential Property in Kolkata. In its plea, Kingfisher has also sought directions to SEBI, NSE and BSE restraining them from taking any action against it under the Securities Contracts (Regulation) Act, 1956 and as per SEBI circular.
The airline has contended that it has not been able to constitute a Board of Directors or submit its quarterly financial results for the quarter which ended on March 31, 2014, as its application seeking clearance to Bhasin has been pending and claimed that it should not be punished/penalised for the same.
Tag: residential property in kolkata
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.
Looking for an apartment in South Kolkata?
South Kolkata which was once a marshy area is becoming one of the most developed areas of the city. New projects of apartments are changing the look of the city’s southern part. New apartments are being built in South Kolkata. There are several instances where an old house is broken down and an apartment rises in that place. It is beneficial for both the house owner and the contractor. The owner gets lump sum money from the contractor and also a flat in the apartment. On the other hand, the contractor also gets the apartment constructed and gets good profit. Apartments in South Kolkata are mainly located in areas like Ballygunj, Gariahat, Tollygunj, New Alipore, Behala, Behala_Chowrasta, Joka, and Mahestala.
South Kolkata being a commercial hub is a hot favourite real estate destination as well. A pretty good number of projects for apartments in South Kolkata are on the go. South Kolkata has got some really high profile projects on apartments. The Eden City and Riverside, Hiland Green projects in Mahestala are some of high profile projects. Former captain of Indian cricket team Sourav Ganguly is the brand ambassador of the Hiland Green projects. These projects have several modern facilities to suit the needs of the buyers. Apartments in South Kolkata offer huge options to the buyers. There are several houses on sale as well in South Kolkata. If you are looking to buy a house in the city of joy, you must check the South Kolkata areas. With a little investment on renovation, you can actually buy an individual house which is put on sale.
Being a commercial hub, apartments in South Kolkata are very much in demand. If you want to own an individual house in Kolkata, you will get houses on sale.
Buying tips of residential property
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.
(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.
The expanded cityscape shaping the real estate boom in Kolkata
Kolkata can be precisely referred as the intellectual hub of India and the city is growing by leaps and bounds and steadily on its way to become the real estate destination of India. The different eminent real estate companies have more than one crore square feet of real estate space in the city inscribed under their name and that bears enough testimony about the booming real estate scenario in the city.
Even when the economy is not that stable in the country still the city still the real estate sector here has derived adequate fillip and this is quite visible as the number of people looking for houses for sale in Kolkata is always on the rise. The growth of fancy housing and the increasing number of projects of flats in south Kolkata are giving enough edge to the real estate developers in the city and their profitability is enhancing more and more over the years. The best part is that the boom is not limited to the urban area of the city but the outskirts of the city are witnessing a favorable number of big budget projects. The Eastern Metropolitan Bypass in the east, New town and BT Road in the north, Kona Expressway in the west and the Garia-Narendrapur track in the south are the areas to experience tremendous exposure and growth. It is not just residential projects to be undertaken in these areas but many an office set up are under construction over here making way to immense commercial possibilities.
New Town was the sprawling satellite township adjacent to the airport to hold the boom for a favorable period of time but with many more upcoming projects all over the city and its outskirts are soon to steal its pride to a great extent. The fascination for flats in south kolkata still rules the mind of the people looking for a house for sale in Kolkata and this has ever kept the desirability of these locations to a great extent.
The lookout for houses for sale in Kolkata is constant and with so many upcoming projects the real estate domain is ever enhancing extending the cityscape to further horizons.