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According to experts, it is DLF that has suddenly brought Kolkata in the attention of real estate investors. Winning the tender floated by Kolkata Municipal Development Authority, the firm recently bought 4,900 acre of land in Kolkata outskirts, at a whopping cost of Rs 2,400 crore. As much as 3,900 acre of land will be developed/under the project, for housing purposes while the rest will be utilized for building commercial properties, sources inform. Although Kolkata property markets have always been identified as the end-user one, investor activities have started to gain ground in the city, of late. According to experts, it is DLF that has suddenly brought Kolkata in the attention of real estate investors. Winning the tender floated by Kolkata Municipal Development Authority, the firm recently bought 4,900 acre of land in Kolkata outskirts, at a whopping cost of Rs 2,400 crore. As much as 3,900 acre of land will be developed under the project, for housing purposes while the rest will be utilized for building commercial properties, sources inform.

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This development in the real-estate sector of Kolkata has triggered secondary housing districts of New Alipur/Moulali, Shah Road/Prince Anwar, Sealdah & Kankurgachi. The capital values for housing properties have increased by 30-50% in these areas in the past couple of years while the rentals have shot up by an average of 15% between 2005 & 2008. All these locations are situated within the radius of 10 kilometers of the central housing region that encompasses Ballygunje, Alipore & Hastings"areas where capital value of housing plots is as high as Rs 4,500 per square feet. The capital values for a 3,000 square feet apartment in Alipur are recorded between Rs 1.50 & 2 crore. Similarly, the average rentals in the aforesaid locations are from Rs 25,000 to Rs 60,000 per month. Winning the tender floated by Kolkata Municipal Development Authority, the firm recently bought.

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Now that buying property in Kolkata prime has become impossible, peripheral locations at the eastern side of the city have as well as come up as potential alternatives. Massive construction activities have been taking place at Eastern Metropolitan Bypass, Kasba, & latest Rajerghat Township & Topsia. Capital values for apartments are in the range of Rs 1,800 to Rs 2,400 per square feet in these locations. According to property consultants, investors can expect a moderate hike of 5-15% on housing property capital value/in the next 12 months. The Noida Extension Metro path/described regularly in Radha Sky Gardens, was a item of individuals' creativity/said a mature formal. Actually/there is no place known as Noida Extension in formal information The place being known by contractors as Noida Extension for self-evident factors is actually aspect of Greater Noida. Helios Developers is one of the finest real-estate agency with pan India coverage & a wide spread network because of which we brush shoulders with the industry leaders. For purchasing property anywhere in India feel free to provide us a chance to serve.

 

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