Kolkatta is called as the land of joy and it is of course the city of sweets, food, delicacies and colour. Being the capital of West Bengal, Kolkatta is home to many multinationals who have built huge offices in the city. The realty sector in Kolkatta is quite slow and sluggish but on the contrary the end user market is extremely active and aggressive. The end user realty market has everything from affordable living to big palatial houses.
Property in kolkatta , comes very cheap and reasonable owing to the ample availability of land area and also due to the initiative and support provided by the government. There is also a lot of infrastructural development happening in and around Kolkatta and that is giving a good boost to the realty market scenario. The best part about buying a property here is that it will come very cheap and the returns are quite promising. The property rates are surely going to hike in the future considering the initiatives taken by the government and the growing demand of the property in West Bengal.
The real estate in Kolkatta is seeing a lot of interest of the NRI’s who want to invest in the properties here seeking high returns in future. The non-residents of Kolkatta are also taking a lot of interest in buying property here in view of fetching good returns. Kolkatta is known for its cheap and easy transportation facility with in the city which comes out very handy and people want to live in this place with easy and cheap modes of transportation. Kolkatta has a calm and a peaceful environment and which is why it is loved by the residents.
More MNC’s are also coming to this land owing to the strategies used by the government to support the corporate sector. Kolkatta is also well connected to all neighbouring places. The North Kolkatta is known for more of independent villas and houses. The communication network in this area is very good and hence there are plenty of residential options available. The South Kolkatta is registering a very high growth with prices ranging from 7000 Rs to 13000 Rs per sq. ft.
The popular areas of Kolkatta which are developing fast in terms of realty sector growth are Anandapur, Mukundapur, Kalikapur etc. A couple of other areas like Dunlop, Bonhooghly, Sodepur and Kamarhati are in the superbly connected to the B T Road. These areas are developing fast in terms of commercial development as well. The prices per sq. ft. range from Rs. 4600 to Rs. 5200. New Town and Rajarhat are two latest hot destinations in Kolkatta. These are considered to be the satellite cities of Kolkatta. The demand for realty sector is extremely high in these places. New Town is developed by HIDCO and is in close proximity to the airport as well. Looking at the current pace of development, Kolkatta comes across as the lucrative investment option in the realty sector. For more informationa at https://realestateinindia2016.wordpress.com/2016/10/06/the-fast-changing-face-of-kolkattas-property-market/