Investment in Kolkata real estate

Q: Hi all, can you tell me how is the present real estate scenario of Kolkata. Is it wise to invest in it now? Please guide me which are the prime areas good for investment??

sindhu, Mumbai

1st April 2013

Real estate News in Kolkata

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Replies (10)

Is Kolkata real estate market emerges as a retail, commercial as well as residential hub?

V. Victor,

11th December 2015

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The presence of major worldwide luxury brands and IT firms is boosting the retail, commercial and residential market sector in Kolkata.Recently Kolkata has witnessed one of the vital greatest IT and retail ventures indicating a mushrooming retail and industrial sector within the city.

Anish Mazumder, Kolkata

11th December 2015

Some of the key influencers that are driving these investments in Kolkata are as follows:

1. Lower land acquisition cost compared to other metros
2. Government's active involvement in development initiatives
3. Lower property prices
4. Availability of scalable infrastructure

Alokesh Nandi, Kolkata

11th December 2015

The commercial market in Kolkata can also be developing on a huge scale because of demand from global companies like Tata, Infosys, Wipro etc. Previous, the demand for business spaces used to be regularly limited to Central Business District areas of Kolkata. Nonetheless, due to a gradual industrial progress, the demand for enormous commercial areas has gone down and smaller commercial models, that are comparatively low-cost, have become more preferred. Areas like, Sector V, New town and Bantala had been the developing zones for new commercial hubs.

Anish Mazumder, Kolkata

11th December 2015

Hi Anish, agree with you!!
Recently, the outlet of Merlin Group's Acropolis Mall in E M pass has opened a gateway for peripheral areas like Rajarhat, Howrah and Belur which are now emerging as a new high-street destination.

Alokesh Nandi, Kolkata

11th December 2015

Thanks Dear.
Development of the industrial sector has given an impetus to housing demand in the city in areas like New town, Salt Lake, VIP road, North and South EM bypass. These areas present properties within a price range of Rs 4500-5500 per sq ft. Similarly, a burgeoning retail sector has additionally had an impact on residential areas.

Subhajit Rao, Kolkata

11th December 2015

For Land, Residential and Commercial properties in Kolkata, visit www.acredeals,com. Acredelas.com is a map based real estate website where you can find lots of properties as per your requirement and together with additional features you can view nearby amenities of your property as well. so visit today and let us help you find your required property.

Shourabh Agrawal,

7th January 2015

Comment

Hi,
In Modi's 1st budget 2014-15, the infrastructure and manufacturing sectors have been given importance, since these are job creating verticals. Banks will now be encouraged to extend long-term loans for infrastructure projects without any regulatory pre-exemptions such as CRR, SLR and priority sector lending norms. This additional enforcement of banks to support the creation of infrastructure will result in faster infrastructure creation and the consequent benefits to the real estate sector.

Poonam, Kolkata

11th July 2014

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Hi Poonam,
Not only this but also the budget has distributed a total of Rs. 37880 crore towards the NHAI for the construction of highways, and additional Rs. 3000 crore to boost road connectivity in the North-East regions. It has proposed the creation of 100 smart cities across India. The budget has distributed Rs. 7060 crore towards this end.

Anil Debnath, Kolkata

11th July 2014

@Anil,
Modi's Government impressed many of its rivals in 2014-15 intermim budget 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 and SRFTI Kolkata, the premium film institutes in the country the Chief Minister of West Bengal attacked at the NDA Government saying that the Union Budget is 'visionless, missionless and actionless.

Poonam, Kolkata

11th July 2014

@Poonam,
Not only in health and entertainment sector but also for connect Haldia to Allahabad, Uttar Pradesh. Rs 4200 lakh has been distributed for the project which would cover 1620 km.

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.

Anil Debnath, Kolkata

11th July 2014

Thank u Mr. Sujay. Please send the details.. And pls advise about the pros and cons of the location, so that it will be helpful for me to decide..

Sujan Mitra,

17th April 2013

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I am not a broker. I am well known builder here at kolkata. We have under construction property at Gariahat.

Sujay Karan, Kolkata

Official account of - Sujay Karan

10th April 2013

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Mr. Gupta, can u please suggest some projects in EM bypass? I am also looking to invest i nKolkata.

Sujan Mitra,

8th April 2013

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You can invest in our property also, at Gariahat. 4.15Cr Starting.

Sujay Karan, Kolkata

10th April 2013

Official account of - Sujay Karan

Sindhu, EM bypass is a better option. Properties along EM Bypass saw a price appreciation of 6 percent to Rs 5,354 per sq ft in the Oct-Dec quarter of 2012, which was Rs 5,054 per sq ft in the previous quarter. Commercial development and easy access to facilities like hospitals, education institutions, hotels, metro rail, etc have driven the demand for housing in this stretch. Adding to its connectivity, a flyover connecting EM Bypass with Park Circus and existing AJC Bose Road Flyover is under construction. A 40-metre bridge across the Guniagachha canal is also in the pipeline.

Rajarshi Gupta, Kolkata

8th April 2013

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Sujay, thanks for the information.. Yes I am looking to invest but sorry I dont want to go through brokers. I need to do some research first..

sindhu, Mumbai

8th April 2013

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The southern and eastern regions of Kolkata are witnessing huge investment potential in the recent years. EM Bypass in the South, Behala located in the south-west and Rajarhat, situated in the east are emerging as prime investment destinations of the city.

Mohan, Bangalore

3rd April 2013

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Sindhu I can assure you about Capital Appreciation of almost 25% per year in kolkata. Areas are Ballygunj, Gariahat, Deshpriya Park, Triangular Park, Park Street etc. You can contact me on 9903568144 regarding such, if you are an investor I can help you to invest in Real Estate in kolkata, prime location.

Sujay Karan, Kolkata

Official account of - Sujay Karan

1st April 2013

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