Kolkata real estate

Q: Hi..i am looking forward to buy a apartment in Kolkata..can i get a apartment where per sq ft price is less than Rs 2000..?? Suggest me options. Also let me know about tax benefit linked with home loan

Alokesh, Kolkata

18th March 2013

Investment Advice in Kolkata

home loan

apartments in kolkata

kolkata real estate

new residential projects in kolkata

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Replies (4)

Thank friends. I will be happy if anybody share me related to my query. What is the key factor to drive Kolkata, real estate markets?

Priya Gupta, Kolkata

3rd November 2015

Comment

Hi If you are looking for capital appreciation my suggestion is to buy property in North side of Kolkata.
Proximity to commercial hubs such as Salt Lake and Rajarhat, presence of International Airport and metro have been major reasons behind the improved activity of both buyers and developers in North Kolkata.

V. Victor,

4th November 2015

Hello Priya,
Various factor which drive Kolkata real estate market:
1. Recent Repo rate cut by RBI.
2. Improving commercial market
3. Online sanctions of building plans.
4. Several renowned developers in Kolkata signed deals with private equity firms bringing in liquidity in the market.

Kiran Kumar, Chennai

4th November 2015

Hi, Long time back in this thread, could anyone tell me what is the current trends of Kolkata real estate market?
Thanks in advance for your valuable suggestion.

debabrata sarkar, Kolkata

3rd November 2015

Comment

Hello, Sarkar
I am resident of Kolkata city and I think average property values in Kolkata remained stable with unsold inventory in the residential market. However, infrastructural developments in and around VIP Road and Jessore Road are expected to be the good signs in the current market.

Anil Debnath, Kolkata

3rd November 2015

One of the major initiatives taken by Kolkata Municipal Corporation is that the launch of online sanctions of building plans. This reduced the time taken by developers to get project approvals to 45 days.The commercial office market in Kolkata continued to improve , impacting the residential market positively.

Kaustav Paul, Kolkata

3rd November 2015

Thanks for providing detailed information about the residential market in Kolkata. I am interested in investing in the residential project and my budget is quite low so could you tell me which part of Kolkata city is best suited for me

debabrata sarkar, Kolkata

3rd November 2015

@ Debabrata,
As we all know that the land prices in northern localities of Kolkata is increasing day by day such as Rajarhat and New Town, developers are shifting their focus towards new investment destinations towards the South. These include localities along the Diamond-Harbour Road and the EM Bypass Road. Areas such as Maheshtala, Thakurpukur, Nayabad, Naktala and Baruipur are also gaining prominence amongst home buyers.

Anil Debnath, Kolkata

3rd November 2015

HI there is 1bhk of 1667 per sqft , Location is shantiniketan, Kolkata, India and project name is Pantha Niwas. It will be available from April 2014.

Biswanath Mukherjee, Kolkata

26th June 2013

Comment

Kolkata real estate market is an end user driven market but there are two aspects of note. Firstly demand for affordable housing has increased because of the large quantum of population but with influx of multinationals and IT industry flourishing in the state, professionals have migrated offering boost of the overall realty sentiment. While some areas have witnessed more interest than the congested north Kolkata and other areas. The good news is that there is no oversupply so correction in prices is not foreseen. However consider the positive spike to be conservative between 8 to 10% on year.

Anil Choudhary, Kolkata

26th June 2013

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