subject: Kolkata Becoming The Real Estate Hub In Terms Of Booming Real Estate Projects [print this page] Property in Kolkatahas become a preferable choice for number of investors as well as the developers all around the globe. Due to the major facilities available, Kolkata has become the attractive destinations for number of people to buy properties over here. With the rapid change in the business development, the Kolkata propertieshave attracted number of people from various part of the countries to buy their dream homes over here. The projects in the real estate Kolkataare increasing with leaps and bounds due to the availability at much affordable rates. hence this has given the options for the outsiders also to buy the residential options for themselves.
Apart of buying property in Kolkata, there are numerous residential projects in Kolkata for sale, for lease as well as for rental basis. Along with the Indian companies, number of international companies have also invested their amount in developing Kolkata properties. This in turn has benefited the business of both national as well as international market with high Return on Investment.
Rajarhat, a locality in East Kolkata is known to enjoy numerous residential projects in Kolkata forsale. Recent report states that in the next 2-3 years almost eight new residential projects are in pipeline for the process of possession. This real estate Kolkataproject offers the choice of 2 BHK, 3 BHK and 4 BHK apartments that ranges between 21-40 lakh. List of the developers that are involved in the launch of those projects are Rameshwara Group, Siddha Group, MB Construction, Magnolia Infrastructure Development Ltd., GM Group and Loharuka Group.
One of the developers i.e. Loharuka Group has come up with two residential projects in Kolkata for sale- Urban Greens and Green Heights. The Urban Greens has the choice to offer you with 2 and 3 BHK apartments with the price range of Rs 24-40.25 lakh, while The Green Heights comes with the choice of 2, 3 and 4 BHK apartments with the rate ranging from 29-29 lakh. Both these project will be ready for possession by 2015. While another real estate Kolkata projects - Siddha Pine Woods by Siddha Groups and MB Tower by MB Construction are expected to be delivered in 2014. The rate of 2 BHK units provided by the MB Construction varies within the range of Rs 25-36 lakh. Another Kolkata propertyi.e Mangolia SkyView being by Magnolia Infrastructure Development Ltd offers the choice of 2 and 3 BHK apartments and is expected to get deliver by 2016. The rate of this project ranges approx. between Rs 24-30 lakh.
Garia in South Kolkata is another most preferred locality among Kolkata properties. This locality has gained importance due to hi tech infrastructural development, good connectivity as well as affordable housing. According to City based realtor Jaideep Roy Chowdhury of Seven Bells Realty Asset Management, number of real estate builders who have played their roles in developing residential project in this locality are Roy Constructions, Millennium Group, Jeet Constructions, Taurus etc. The projects delivered by these developers goes upto the seventh floor and not beyond that. While the projects in the localities of Jadavpur, Nayabad and Nagatala have high rise buildings that go up to 15-22 floors. The rate of the apartments in Garia ranges between Rs 3500-4200 per sq ft.
