Real estate market of Kolkata

Q: How is the real estate market of Kolkata going on..?? i mean is it right time to invest there..??

Sajal Das, Kolkata

2nd January 2013

Investment Advice in Kolkata

kolkata apartments

kolkata projects

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Replies (7)

Hi All, I am looking for 2 BHK unit, my budget is around 40 to 50 lakhs but I am confused where to invest so I would like to appreciate your suggestion regarding selection of best locality in Kolkata for investment?

Bijoy Das, Kolkata

6th August 2015

Comment

Hi, I would like to suggest few localities in Kolkata with respect to capital appreciation is :
1. Garia
2. Kasba
3. Ultadanga and Dum Dum
4. Patuli

This is the area where you get maximum long-term capital gains.

Anil Choudhary, Kolkata

6th August 2015

Comment

what is the key Influencer for increasing the Kolkata, real estate market trends in 2015?

Alokesh, Kolkata

5th August 2015

Comment

Hi Alokesh, I think following is the key Influencer to boost real estate market in Kolkata...
1. Govt. theme based townships plan.
2. Increased FDI policy
3. Relaxation in Floor Area Ratio
4. Increasing IT corridors

bipin chandra, Kolkata

5th August 2015

Hello All, I am new to Kolkata and this was my first trip for a flat search. I am working in SBI Bank and recently moved from Patna. I would like to know about real estate market in Kolkata. What is the current scenario of Kolkata residential market in 2015?

Alokesh, Kolkata

5th August 2015

Comment

Hi Alokesh, I think you are taking the right decision in your life and buying property is one of the major investment of entire life. As per recent market is concerned, the business-friendly policy of West Bengal government is slowly bringing energy to the lifeless residential market of Kolkata. Kolkata real estate market is purely known for the residential market which provide the need of the local population.

Rajarshi Gupta, Kolkata

5th August 2015

Demand of new projects by renowned developers along with Investment by IT firms led to a rise of two per cent in the city's realty market.Major developers such as Godrej Housing, Ashiana Housing, Salarpuria Sattva and Merlin Group, among others, launched residential projects in the city.

Poonam, Kolkata

5th August 2015

Thanks Poonam for giving developer information but what about government policy in regards to real estate market?

Alokesh, Kolkata

5th August 2015

Hi Alokesh, I think State governments has identified new policy for theme-based townships got a thumbs-up from the developers community.National Institute for Smart Governance submitted a plan to develop New Town as a Smart City which will boost recent market.

debabrata sarkar, Kolkata

5th August 2015

Absolutely agree with you guys but I want to add few more point which I heard from my brother that the state government's announcement on relaxation of Floor Area Ratio had a positive impact on the realty market. The move is expected to drive the development of spacious buildings in the city.

bipin chandra, Kolkata

5th August 2015

Hi,
In 2014-15 intermim budget Modi Government impressed many of its rivals but it failed once again to make Bengal Supremo Mamta Banerjee. After giving several proposal for West Bengal such as AIIMS Institution to Kolkata-Amritsar Trade corridor, the Chief Minister of West Bengal attacked at the NDA Government.

Diptarishi dev, Kolkata

11th July 2014

Comment

Now, take a look what West Bengal received from Modi Govt's first Budget:-
1) Jaitley's budget proposed to build an AIIMS like institution in West Bengal.The institution will be built up at a location suggested by the state government.

2) Satyajit Ray Film and Television Institute is set to receive the status of an institute of national importance.
3) to boost the trade between Kolkata and Amritsar, the government proposed to build a trade corridor between the two cities.

4) For connect Haldia to Allahabad, Uttar Pradesh. Rs 4200 lakh has been distributed for the project which would cover 1620 km.

5) They also proposed to build a few special tribunals which would identify unwanted non-performing assets of public sector banks. For that they have selected Siliguri from North Bengal for one of the tribunals.

Sajal Das, Kolkata

11th July 2014

Hi all..yes this is true..there are many cases of faulty land acquisition reported. Kolkata metro is also increasing the demand of residential projects.

Aneek Das,

16th January 2013

Comment

Hi heard that there were many issue of faulty land acquisition..is it true..??

Harmeet Kaur,

3rd January 2013

Comment

Few Day Back news coming from different source that faulty land acquisition going near by locality of kolkata, but I think it is sorted out by builder and developer.
If any issue you know please let me know and goverment already pass Acquisition act 2013 which is dealing in this concerned.

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013[1] is an Act of Indian Parliament that regulates land acquisition and provides laid down rules for granting compensation, rehabilitation and resettlement to the affected persons in India.

Poonam, Kolkata

16th July 2014