subject: Seeking An Inconceivable Properties In Kolkata For All The Home Seekers [print this page] If you are desperately looking to invest in Property in Kolkata , then it is the best time to invest. Because according to the Pradeep Sureka, MD of Sureka Group says that the investors have shown interests towards number of localities in Kolkata which includes New Town, Rajarhat, Salt Lake, Tollygunge etc He also addressed that New Town is one of the promising area as it is one of the organized township which will hardly take 4-5 years to mature.It has tremendous opportunity for the investment over a perspective of three years. While the prices of East Kolkata real estate property has good growth opportunities over a period of 2-3 years.
Another residential property in Kolkata, Highland Park is one of the best options for those who are looking for rented housing at reasonable rates. Some of the areas such as Lake Town, Jessor Road area and BT road project are on demand for the rental units.
According to the Ajay of Agarwal Consultant who stated that Ballygunge is one of the best localities of South Calcutta having strong means of transport facilities that includes local train and metro. The neighbouring area of Ballygunge is fully developed which is having number of markets and restaurants that have resulted in hike in the price of the real estate Kolkata. The Ballygunge area of Kolkata is a calm and quiet area full of greeneries and parks. You can find few markets and famous eateries scattered within its radius. The locality has many schools like Kendra Vidyalaya, St Lawrence High School, Montessori School, National High School for Boys, among others. The recorded data shows that the average price per sq ft of apartments in this locality has increased by 16% in the April to June quarter compared to January to March quarter.
The capital value of apartments in this locality is from Rs 6,550 to 8,100 per sq ft. Developers present here are Mani Group, Jain Group, Park Towers Services Pvt Ltd, Marut Developers Pvt Ltd, and Suncity Towers Pvt Ltd, among others. During the Apr-Jun 2012 quarter compared to outright purchase. The rental values of this part of residential property in Kolkata saw a hike of up to 40 per cent in the past six months, whereas the capital values noted a stable trend with no major change in values during the same period.
The current market report shows that the housing demands in the budget range of less than Rs 50 lakh is in high demand. A 2BHK apartment at EM Bypass in the resale segment is available between Rs 70-80 lakh while a new luxury project is available in the price bracket of Rs 70 lakh to Rs 1 crore.
Behala, South Kolkata is known to be the best area as it has a good connectivity to all the major locations in the rest of the city. Having a complete blend of modern facilities along with greenery and open spaces, it is a perfect place where both middle and upper status of people can invest. some of the projects undertaken in this locality are Diamond city North, Genexx Valley etc. The data recorded in this locality shows that the capital value of apartments is from Rs 2,300 to 2,700 per sq ft. All major amenities like hospitals, schools, markets, and cinema halls are available here. The West Bengal government is considering setting up an IT Hub in the south-western suburb of Behala.
The Dheeraj Jain from Rajat Property Venture Group states that Rajarhat which is located near Netaji Subhash Chandra Bose airport is one of the rapidly emerging satellite town of Kolkata. It has shown to gain an appreciation of 50% appreciation in the residential sector during the past couple of years. Within the radius of the project you can find five star hotels and shopping malls
