December 3, 2014

An Overview of Real Estate Market in Kolkata

Investing in real estate is always a great investment which generates a high return value in future. Kolkata, the capital city of West Bengal is experiencing a sharp rise in property prices. Real estate in the city has seen a tremendous change due to massive growth in infrastructure and industrial sector. Though there is overall hold up in real estate market, the considerable growth in the major localities of the city has led to great demand for the property in Kolkata for sale.

An Overview of Real Estate Market in KolkataKolkata which is a highly populated city shows high potential in real estate market. Many leading real estate builders are coming up with many new residential projects like flats, individual houses, villas and apartments equipped with basic to modern facilities. The residential projects offers choices like 2BHK, 3BHK & 4BHK to suit the budget and lifestyle of the new home buyers. The prices of Kolkata flats for sale differ depending upon the locality, facilities, builders etc.

If you are a person planning to invest in Kolkata property, then the localities like Salt Lake, Rajarhat, Dum dum, Madurdaha, Narendrapur, Kaikhali etc., are some of the best option to choose from which is experiencing rapid growth in real estate market.

Listed here are some of the developments in Kolkata that has led to the sharp price hike for the property in Kolkata for sale.

•    Netaji Subhash Chandra Bose International Airport located in Kolkata has led to the major development of connectivity. This airport is considered to be the largest in eastern India.

•    The metro rail project has boosted the real estate market in many localities in Kolkata. It connects most of the major locality in the city which enables an easy to and fro for the working professionals.

•    The extension of EM Bypass in Kolkata connecting Ultadanga from the north to the Kamalgachi in south Kolkata is one of the reasons for the unexpected rise in the property price value in most of the localities in Kolkata. The bypass is connected to major hubs with number of connectors which makes the nearby areas has the most favorable destination for the professionals which in turn has led to increase in demand for the properties for sale in Kolkata.

•    The huge development in IT sector is also the prime reason for property demand in Kolkata. Kolkata is the main commercial and financial hub of eastern India. Many companies like Acumen Soft Technologies, Alliant Technologies PVT Ltd, Tata Consultancy Services, Lexmark, HCL, IBM, Genpact and lot more have made their business centre in Kolkata.

Investment in Kolkata flats for sale is really a profitable asset according to the current market trend which also provides high resale value in future. With more number of new residential projects coming in, it is high time to invest and experience a happy living in the developing city like Kolkata.