subject: Finding Your Foothold In The Real Estate Market Of Kolkata [print this page] The city that reflects the eastern culture of India, Kolkata, is a charming and wonderful place to settle in. previously known as Calcutta, this is one of the largest metros of India as well as one of the most populated. It has a great balance of modern architecture and infrastructure as well as an old colonial feel of British presidency.
The calm and peace felt in the city have always attracted tourists as well as immigrants to come and find their home here. And the warmth of people as well as the heart of this place never disappoints anyone. Additionally, since it is one of the centers of the Indian Polity, many people wish to come and live in the city. Specially people from the nearby states and cities of Kolkata seem always very interested in being relocated. If you are looking at finding your piece of heaven here then you need to first understand the real estate of Kolkata.
The property market in this city is growing and developing since the last five years. In fact, today Kolkata has become one of the most lucrative investment places in the state. Apartments in Kolkata are gaining importance and prices are increasing simultaneously. More and more residential areas are being developed to contain all the modern facilities. In general the property graph of India is on a downward slide, but this place has another story to tell. The price of apartments has increased by almost Rs. 800 per sq feet in the short span of just six months.
However, unlike the real estate in Delhi, Kolkata may be lagging behind in terms of acute growth. But this city has not faced extreme fluctuations of peaking prices and dull markets in matter of months. Property in Kolkata is claimed to be stable comparatively. And it is only set to rise in the near future.
In addition to this, the city is breaking out of its traditional style of huge homes and witnessing a transformation in the interior as well as exterior construction. In fact, it is almost like the city has got a facelift as more and more residential flats have become a viable alternative to the huge traditional houses. The increasing cost of properties in Kolkata has made people diverge more and more towards buying residential flats.
IF you want a mix of culture and tradition along with high end life style then Kolkata is where you should be finding your dream home.
