In India, real estate is considered the most profitable investment. If you are planning to buy residential flats in Kolkata, you can come across a wide range of housing projects. Though at present the socio-economic situation in India, the real estate industry has been plunged into diminishing demand in Kolkata, the rate of real estate is still considered as a good investment. Still not convinced? Here we give you five reasons for why you should invest in real estate projects in Kolkata:
Availability of Properties
In the last three years, the real estate development in Kolkata has been spiked up the growth of 30%. Various residential structures in standard suburban areas are emerging with the demand of the consumers. If you are planning to buy residential flats in Kolkata, it is high time to invest in your locality.
Development of the Suburbs
Kolkata, the city of joy is continuously expanding. With improving infrastructure and connectivity, real estate developers in Kolkata are mapping new areas such as Rajarhat, Barasat, and Uttarpara. Though in the past few years, those areas are underdeveloped and the realtors, with the increasing demands of the residential projects, find those areas ideal for new constructions.
Affordable Property Prices
If you planning for a good investment, the real estate in India has become the most affordable rather than other metro cities such as Mumbai or New Delhi. Even the returns are much promising in Kolkata. Naturally, many realtors are inclined to develop new projects in Kolkata.
The chances of Price Escalation
Properties in newly developed areas such as Rajarhat and Newtown have greater chances of price escalation. Here you can pay then token money initially and pay the rest after the possession. But ensure that you should between the lines of the clause you sign. If you purchase the property in some particular areas and know whether those areas have the scope of the infrastructural development, the price escalation in the future will be boon for you.
The bottom line is – if you are planning for investment in real estate projects in Kolkata, this is the high time to purchase a property for the future. In the present socio-economic situation, financial sectors are encouraging buyers to invest in properties. The interest rate for the home loan is plunging low. Comparing to the other metro cities, Kolkata is always on the lower side in terms of the cost of living. Brick up a concrete decision and scrutiny your investment with microscopic analysis and don’t miss the right time to invest in real estate projects in Kolkata.