Preferred Location & Dos & Don't to buy flat in Kolkata?

Q: I am a NRI looking to buy a 3 BR flat in Kolkata. My intention is to live there after I retire(~ after 10 year), however I also want keep this as investment if I need to sell/rent if plan changes. My preferred locations are: South, EM Bypass, Rajarhat. What new good complexes I could explore those are ongoing now/coming up in future? I read lot of scam goes on real state buying process, what should I look for and careful about buying a flat? Thanks in advance.

Tapas, Kolkata

11th July 2013

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Thanks for you responses. My price range in 50-100L. I just checked price for Active Acres, the price for 3 BR flat 1 Cr, looks little pricey. Does it make sense to make huge investments but don't live there for 10 years? Price of real state all over the world is coming down, how long the price in Kolkata continue to grow? Do you think, price of the flat at Active acre will rice to 1.5 Cr in 10 years? What is your thought on Rosedale NRI complex? Also, is it good idea to go through brokers or go directly to builder? Do you recommend renting the place if I don't live there? I plan to visit Kolkata only for 15 days. What home homework I can do to close the deal in such a short time.
Thanks again for your help.

Tapas, Kolkata

14th July 2013

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HI Tapas, Please tell me your price range?

Biswanath Mukherjee, Kolkata

12th July 2013

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Ruchi Group has done a commendable job with its Active acres project. Phase 1 of the construction period is finished and they have already given possession to over 600 flats. Not many families have moved in as of now but slowly people are likely to move in. With 80% landscaped gardens and open areas, Active acres offers a good opportunity to invest in otherwise cramped Kolkata. EM Bypass is one of the best upcoming areas to invest in Kolkata right now. ETERNIA by Unimark Realty Group & Concast Group and Swarnamani by Mani Group are also equally impressive realty apartment townships in EM Bypass area.

Bijoy Das, Kolkata

12th July 2013

Comment

Good to know that you are considering investing in and around EM Bypass. The region is one of most highly sought out realty destinations in Kolkata today. As far as Active Acres from Ruchi Group is concerned they have completed 5 towers while one remaining tower in still under construction. The property has turned out really well and the landscaping is quite nice. Active acres offer a very good residential apartment opportunity for those seeking state of the art residential apartments in a decent price. The prices have already started to rise and are likely to go further. If you are interested in Active acres you should take a decision as soon as possible.

Biswanath Mukherjee, Kolkata

12th July 2013

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