Kolkata Real Estate- The Booming Sector

Kolkata, the capital city of West Bengal, is well-known for its glamour and culture

. This place is enriched with many historical memories. This is the place which is a combination of natural beauties and modern facilities. With the development of time and the economical growth in India this place has also become improved. The number of branded shopping malls, hospitals, colleges, hospitals is increasing day by day in this city. That is why the real estate in Kolkata is considered as the booming sector. With the increasing population in this city the numbers of apartments are increasing heavily all over the city. In the last few years Kolkata real estate has appreciated in monetary value.

A better infrastructure and rapid industrialization are mainly responsible for the development of real estate in Kolkata. In West Bengal the flood of industrialization has come in last few years. The development of real sector of an area always depends on the industrialization as both are deeply inter-related to each other. Many industries have set up their destination in Kolkata. Side by side the demand of Kolkata real estate is fueled by the improvement of IT (information technology) ITeS (Information Technology enabled Services) sector. On the other hand millions of people from other states are coming to Kolkata to stay here. That is why the demand of flats has increased heavily in last few years.

There are some other things that have also contributed to the development of real estate in Kolkata. These are lower asset prices, attractive government initiatives, lower land acquisition cost, and availability of scalable infrastructure. All these factors have made Kolkata real estate sector a magnet of premium developer from the entire area of India and abroad. Hundred of reputed and famous real estate companies are coming to this place to make huge revenue. Many foreign real estate investors also get attracted with this huge development in this particular sector.

In Kolkata people can find various kinds of flats with different prices. This is the city where a middle class people can also be able to purchase a good quality flat with his affordable budget. The prices of flats are quite lower than the flats of other metro cities. You can go for selecting a flat in proper Kolkata or outside Kolkata. The prices of flats are increasing heavily in recent times with the increasing demand of flats. In south or south central Kolkata the price per square feet has risen Rs-800/- in last six months. In Bhawanipore the price per square feet was Rs. 2,200 but now it has increased to Rs. 3000 in recent times.

The other boom areas in Kolkata are Rajarhat new town and Eastern Metropolitan. These are the greater Kolkata where people can find good quality flats with various range of prices. In south Kolkata localities like Elgin road, Prince Anwar Shah Road and Ballygunge the prices of flats are very high. The main reasons behind this steep rise of prices are successful commercial and retail projects, limited availability of real estate option and improved connectivity with urban areas.

You can log in to http://www.dnjrealty.in/ for more information in this regard.

by: Nilanjan Banerjee

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