End-users revive the Kolkata real estate market

Q: Kolkata residential market has witnessed a sign of demand revival in the last two months after Durga Pooja. KIndly discuss on this news.

Kaustav Paul, Kolkata

10th December 2013

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Replies (3)

Hi All, I am looking to invest in Premium area of Kolkata market, So anyone tell me what is the current market trends of Kolkata?

Kaustav Paul, Kolkata

17th November 2015

Comment

The premium market of Kolkata, comprising locations such as Chowringhee, Rawdon Street,Ballygunge and Jodhpur Park,among others, witnessed the launch of a number of high-end residential projects in the past one year in locations such as EM Bypass, Chowringhee and Rajarhat.

Alokesh, Kolkata

17th November 2015

Rajarhat is currently the best-performing market of the city. Factors such as well-planned existing and upcoming road networks, the proposed metro connectivity within Rajarhat and with other locations of the city, and proximity to the international airport as well as the employment hub of Sector V have helped this micro market perform better than the rest of the city.

Rajarshi Gupta, Kolkata

17th November 2015

Hello, I have heard that the premium residential zones of Central and East Kolkata do not seem to impact the city’s residential market prominently due to their constricted market size. Is this correct?

Kaustav Paul, Kolkata

17th November 2015

Hi kaustav, If you talk about central Kolkata yes due to unavailability of lands I don't think new launches is going on. from the investment point of view I also don't think this area will give more capital appreciation but definitely you get rental value in this area.

V. Victor,

17th November 2015

Salt Lake and Rajarhat is witnessed good demand. A 2BHK apartment of standard size and regular facilities commands Rs 10,000-12,000 per month and a 3BHK unit comes at price of Rs 16,000 to Rs 20,000 per month. The fully-furnished apartments with better facilities and amenities command a premium of Rs 5,000 to Rs 7,000 over regular apartments on lease.

Supratim,

10th December 2013

Comment

The prices are not expected to see any change in the next 3-4 months. but the market may see up to 10 per cent price escalation after March 2014.

Vivek Kulkarni,

10th December 2013

Is it good time to buy a property ??

Kunal,

10th December 2013

Yes currently some developers are also giving discounts, so according to me it is very good time to buy a property here.

Supratim,

10th December 2013

Hey I heard that the developers have cut down their margins, which has given a sales boost in this sluggish market and has given a good opportunity to get same property at 5-10 per cent discount.

Vivek Kulkarni,

10th December 2013

Comment

Discount schemes include, cash discount, flexible payment plans, gifts in kind such as gold coin, air-conditioner etc.,” said Somoulindra Banerjee of Dream Weavers.

Supratim,

10th December 2013

The end-users enquiries have increased for properties primarily in the price range of Rs 20-50 lakh. High budget properties worth Rs 50 lakh and above have still not picked up.

Kunal,

10th December 2013