subject: Make A Smart Judgement By Booking For The Implausible Properties In Kolkata [print this page] Are you looking to invest in the Kolkata properties? If yes then this is the perfect time to take an action. It has been seen that the properties in Kolkata have provided good returns on investment especially to the investors and has proved to be beneficial for the actual users. According to Pradeep Sureka, MD of Sureka Group who stated that the real estate Kolkata market has primarily driven by the actual user which is a sign of a healthy real estate market. Investing on the residential properties in Kolkata especially in New Town suggests that New Town is one of the promising as well as organised township which will mature within 4-5 years. It is one of the safest and worth to invest into the real estate property in this area.
While East Kolkata is also gaining importance in terms of investing on residential properties in Kolkata. The areas especially in and around the E M Bypass presents the good opportunities with a moderate risk investment over a period of 2-3 years. The market for the property in Kolkata ensures to give good ROI that is normally 8-10% per annum.
Due to attractive features like world class of amenities, good connectivity and infrastructure, certain localities like EM Bypass, New Alipore, and Salt Lake are known to be the perfect destinations for renting the houses. Kamal Kanti Ghosh of R K Saha Property Consultant state that he rental value of a semi-furnished 2BHK apartment is Rs 10,000 - 12,000 per month while the price of the fully furnished 2 BHK is about Rs 15,000 - 25,000 per month. Ambuja Realty and Hiland Group are some of the eminent developers who have launched number of new projects. Data calculated on the properties on Kolkata shows that the rental value in New Alipore for 2 BHK is between Rs 8000-9000.
Another most preferred location for launching real estate Kolkata properties is Garia in South Kolkata. Due to the good connectivity and affordable price, this area are in high demand. The rates for the apartments in Garia fluctuates between Rs 3500-4200 per sq ft. The residential properties in Kolkata especially in East Kolkata like Rajarhat, New Town Action Areas I, II and III are becoming popular among the middle income home buyers, as these areas have maximum demand from the property buyers with the budget of Rs 30-50 lakh. According to Abhishek Shrivastav of Luharuka Group, 55% of the buyers are opting properties that ranges between Rs 30-50 lakh. While as per local realtors, the average value for the multi storey apartments especially in the Eastern localities of the Kolkata is between Rs 3500-5500 per sq ft.
With the option of providing mixture of modern facilities along with greeneries and open spaces, Behala stands one among the best area in the South Kolkata. It has good connectivity with the rest of the city and is a perfect place for launching properties in Kolkata that will be suitable for both middle and upper middle class of the people. Some of the finest apartments launched over here are Diamond city North, Genexx Valley etc. The capital value of the apartments in this locality ranges from Rs 2300-2700 per sq ft.
