What makes Kolkata's New Housing Projects good for Investment?

Tenacity of huge number of users is largely influencing the current scenario of the real estate industry. In order to search for a perfect home, the end users are ready to invest capital in this sector. There is no doubt that the demand of rest estate property is rising nationwide and one can witness similar scenario in Kolkata, especially the new housing projects in Rajarhat.

Keeping the trend in mind, many real estate developers have stepped into the business of low cost land for huge number of city’s middle class population and now they seek investments for their desired projects, which will pass the boundary of the city.

Over the last decade, the city has undergone huge transformation in transportation and communication. Kolkata is probably the only city in India where people can get cheapest way of transportation.

However, there was a time when people with middle class background cannot imagine of getting home in Kolkata, because it was too expensive to buy a home in the city. Today, residential flats are in huge demand this has forced real estate developers to expand their project towards city outskirts.

Apart from excellent real estate projects in Rajarhat, good housing projects now are evolving in various suburban areas of the city like BT Road (north), Baruipur (South), Chandpur Champahati (Extreme East), Howrah (West). Developing housing projects in such areas are profitable, because real estate developers are getting lands in those in much lower price than the proper city. In addition, various commuting options and nationwide economic slowdown have encouraged people to invest in those areas.

There is no doubt that in big metros like Mumbai, Delhi or Bengaluru, the price and demand of real estate property never go down, and the scenario remains same in Kolkata too. But here the good thing is that several areas near the city are emerging with huge business potential like new housing projects in Rajarhat.

Like Mumbai or Bengaluru, real estate developers in Kolkata are following some promotional strategies in order to sell out their properties fast. Some realtors are offering mid-sized cars for first few buyers, free air-conditioners and modular kitchens with flats.

Quality real estate projects in Kolkata are getting buyers in the form of NRIs’ or from people who are residing in suburban areas or other small cities. As a result, the demand of real estate properties in Kolkata and its outskirts are mounting nowadays.

Kolkata can be an ideal destination for real estate investors, because the city has is filled with improved infrastructure, steady run of transaction, low prices and property re-selling opportunity with better value.

The city Kolkata is ready to accept more investment in its real estate sector like new housing projects in Rajarhat. This is the right time to pour investments in its fastest growing real estate market. The pre-Durga Puja season (August-September) is considered as the best time to invest in any business in around the city of Kolkata.