Hi, I am planning to invest in Salt Lake area of Kolkata?

Q: Kindly suggest me if I will be able to get high returns in another 5 to 7 years?

Poonam, Kolkata

25th June 2013

Investment Advice in Kolkata

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Replies (2)

Yes I agree with the above member’s views. Salt Lake has one of the most well planned townships being developed and the area overall has a great potential to give substantial short term and long term gains. The prices have almost doubled in the last five years. With IT hub being a certain positive factor, there is likely to be influx of a large number of working professionals which makes even renting out the apartment quite a lucrative option. That is unless you are buying the flat for your own residence. As of today the rental prices for a @BHK range between Rs 10,000 to Rs 20,000. The long term prospects of Salt Lake are great. I would support the move of investing in the region.

Anil Choudhary, Kolkata

26th June 2013

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Hey then that is good . I should also do some investment at this place for future benefits.

Bijoy Das, Kolkata

26th June 2013

Good to know that you have decided to invest in Salt Lake area. Salt Lake along with EM Bypass and Rajarhat are by far the best planned and developing areas of Kolkata. Who would have imagined that once swampy piece of land of Sal Lake region would witness such planned and well developed infrastructural growth. Sector V of Salt Lake is the IT hub of the city and has a large number of multinational corporations located in the region. This is ideal time to buy in Salt Lake and future prospects very good. High is a relative word but you should be able to make substantial gains over a 5 to 7 year period.

Joseph Sebastian, Kolkata

26th June 2013

Comment

Do you think i should do investment in this place? Will it will be worth?

Sudip Ganguly, Kolkata

26th June 2013

With IT hub being a certain positive factor, there is likely to be influx of a large number of working professionals which makes even renting out the apartment quite a lucrative option. That is unless you are buying the flat for your own residence. As of today the rental prices for a @BHK range between Rs 10,000 to Rs 20,000. The long term prospects of Salt Lake are great

Anil Choudhary, Kolkata

26th June 2013

Well thats good idea. I think i should move on with my decision.

Sudip Ganguly, Kolkata

26th June 2013